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GLD 389.05+0.4%Dec 10 4:00 PM EST

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From: Giordano Bruno1/14/2012 5:07:18 PM
   of 218392
 
"I am at a breaking point — being American costs me time [and] money, but mostly aggravation."

...the U.S. government has implemented tougher rules requiring expatriates to report any foreign bank accounts exceeding $10,000, with stiff financial penalties for noncompliance...
Many U.S. expats report being turned away by banks and other institutions in their countries of residence only because they are American, according to American Citizens Abroad (ACA), a Geneva-based worldwide advocacy group for expatriate U.S. citizens.

"We have become toxic citizens," says ACA founder Andy Sundberg.

Read more: time.com
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