Barack Obama's hostility towards off-shore jurisdictions like the Isle of Man has rung alarm bells in the business community.
But it's part of a much wider agenda, and we shouldn't be too concerned - says lecturer in US history at Isle of Man College Dr Ronald Barr.
Dr Barr reckons Obama (pictured) highlighting how laundered money is used to fund terrorism - is to show the American public he's taking a tough stance on homeland security:
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