Obama really showed how the powers of the Federal government could be used to advance an agenda. Of course, he was given a complete free pass from the Fake news media while doing so. That was a big help.
Agreed. He really messed up the various financial businesses both in the USA, and particularly for international banking. Now, nearly all banks outside the USA will refuse to open accounts for USA citizens. They don't want the hassle of the required paperwork Obama added to the process nor the exposure to banking fines. Also, wire transfers were reduced to 5k per month for everyone unless you were specifically exempted by your bank based on previous history. My bank only limited me to 50k per month because of history, but what if you are starting a new business with no history? I could get an exception because I know how, but the average person would be stuck. Funny thing is, the dishonest people the USA is supposedly trying to catch and stop all know how to bypass it too. It only hurts the honest person trying to get ahead.
Obama really showed how the powers of the Federal government could be used to advance an agenda. Of course, he was given a complete free pass from the Fake news media while doing so. That was a big help.
Agreed. He really messed up the various financial businesses both in the USA, and particularly for international banking. Now, nearly all banks outside the USA will refuse to open accounts for USA citizens. They don't want the hassle of the required paperwork Obama added to the process nor the exposure to banking fines. Also, wire transfers were reduced to 5k per month for everyone unless you were specifically exempted by your bank based on previous history. My bank only limited me to 50k per month because of history, but what if you are starting a new business with no history? I could get an exception because I know how, but the average person would be stuck. Funny thing is, the dishonest people the USA is supposedly trying to catch and stop all know how to bypass it too. It only hurts the honest person trying to get ahead.