Good to see that you have done some research, CGJ. As you've seen, unless you are in the big leagues an American investor often presents more hassle, headaches, cost, and risk than potential for gain to many foreign banks. The sad truth is that Americans are increasingly seen as unattractive customers due to the baggage the blue passport brings. The blame rests squarely with Uncle Sam's ill thought-out policies.

As you continue, take a gander at the American Citizen's Abroad website; FBAR and FATCA are hot topics, this is a good introduction to the hurdles Americans with financial interests abroad face, as well as the damage this could do to American competitiveness on the global stage.

http://www.aca.ch/joomla/index.php

And as you learn about this legislation, why not drop a note to your senators and congressmen/women? Few American politicians understand the issues, let alone the possible impact, and most could do with a little nudging.