This from Tyler Durden of Zero Hedge
It couldn't have happened to a nicer country. On March 18, with very little pomp and circumstance, president Obama passed the most recent stimulus act, the $17.5 billion Hiring Incentives to Restore Employment Act (H.R. 2487),
Abbreviated as HIRE. Nice Orwellian touch there.
requires that foreign banks not only withhold 30% of all outgoing capital flows (likely remitting the collection promptly back to the US Treasury) but also disclose the full details of non-exempt account-holders to the US and the IRS.
Capital Controls are now here and are now fully enforced by the law.
For the nothing but the truth, click here.