The grab could be accompanied by some form of a punitive transfer or severance tax that would make it prohibitive to transfer funds out of the country. Companies would be wise to be moving balances now to get them out of Obama's reach.
The grab could be accompanied by some form of a punitive transfer or severance tax that would make it prohibitive to transfer funds out of the country. Companies would be wise to be moving balances now to get them out of Obama's reach.
That would be an Act of War. There are literally trillions of dollars tied up in Sovereign Wealth funds. What action you just described would be akin to the US unilaterally locking up the investment capital of every nation with connection to the US or US headquartered businesses.
Without a doubt, that would be a financial Armageddon - and that is understating it. Within minutes of trying to enforce it, DC and NY would be smoldering ruins, and China would have launched its feared cyber attacks. We are talking near Wrath of God levels of trouble here.