Many people are missing this point. US banks, until this point, do not exchange information on their foreign customers. FATCA is more like: Hey Hong Kong, Swiss, London, nice business you have over there, maybe I can get in the action too. All of the action actually.
And as a result of that the US is now the worlds largest offshore banking center for the rest of the world. It's a pretty safe place to hold your money, after all.
