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Yunk | 11 years ago

Yes, in fact this could hurt them more significantly. The assets 7.6 million expats are mostly in the US since the US is preventing 'US persons' from investing abroad with the same kind of regulatory interference, that amounts to a lot more than the $50 billion in remittances.

Adding further difficulties to international transfers may encourage expats to recalculate their positions. Then there will be further network damages. I would rank the average US Diaspora as less positive about getting involved with a US based business partner than the average European due to familiarity with the US' regulatory style and its chaotic results.

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