“Given the growing ease with which people conduct transactions that don’t involve physical cash, or even leaving your house, one should wonder just how much financial data Uncle Sam’s spy network has, and why it feels entitled to it. What does this all mean? Hard to say. These days the American government is fairly cagey about its reasons for anything, but on the surface it appears as though the United States government will happily steal whatever information on the finances of ordinary people and financial institutions of other countries that it can’t coerce out of them through extra territorial law making schemes like FATCA. Whatever is going on, it’s not about taxes.”
http://isaacbrocksociety.ca/2013/09/15/why-do-they-need-fatca-when-they-have-swift/
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