To: Lunatic Fringe
Hmmm, I see an opportunity here for someone overseas to set up a "bank" ... not governed by US law, that will accept wire transfers and then issue credit cards to the people in the US.
Online Bank of UAE / Electronic Bank of Moscow / etc.
Feel good laws like this just create more markets in shadier parts of the world.
To: taxcontrol
"issue credit cards to the people in the US."
They've been doing that for awhile now. This law is absolutely meaningless.
20 posted on
10/01/2006 9:46:30 PM PDT by
jwh_Denver
(I can't beat em but I ain't joining them either.)
To: taxcontrol
Hmmm, I see an opportunity here for someone overseas to set up a "bank" ... not governed by US law, that will accept wire transfers and then issue credit cards to the people in the US.
They already have. It's called Virtual Visa and can even be used in ATMs in the states....Thank you Canada!
.
25 posted on
10/01/2006 9:54:05 PM PDT by
mugs99
(Don't take life too seriously, you won't get out alive.)
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