Um, are you aware of
FATCA? It is basically the financial version of this verdict. It forces any financial institution anywhere in the world. It even demands that US citizens who have signing powers on bank accounts for their companies report the balance to the US government. And it's not only US citizens, it's everyone who is of "US interest". As a US citizen abroad let me tell you this sucks, this sucks hard. It's now harder for me to get a bank account, I'm engaged to a national of the country I'm residing in, and as soon as I get married she is going to have to report all her bank balances to the US government. I've never thought about renouncing my US citizenship until now, the US government has no business sticking its nose in when it doesn't belong. This has been a pattern of late, and Obama in some regards is worse than Bush. The US government needs to realize it's not 1950 anymore and they don't have economic hegemony anymore...