In response to:

New IRS Regulation Shows the “Willful Negligence” of Treasury Secretary Tim Geithner

Teresa3 Wrote: May 02, 2012 7:50 PM
It's so easy to lull people into "passive security" when things are so complicated and complex that a nation falls asleep when they should be sounding the alarm. SMALL Government is much easier to monitor and change. The Liberal's WMD is complexity, sophistry, and misdirection...EASY to do with huge bureaucracies! WAKE-UP people!

I’ve been fighting for more than 10 years to stop an IRS regulation that would force American banks to put foreign tax law above US tax law.

Sadly, I recently lost that battle when Treasury Secretary Tim Geithner finalized the third version of the regulation (it was first proposed by Clinton, and then a second version was put forth by the Bush White House).

In previous posts, I explained why this regulation represents bad tax policy and undermines the rule of law. I also have explained that

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