WTF$???

"My wife recently transferred funds from a mutual fund to her bank account to buy a new car (BMW 330 xi). When she checked her bank account to see if the transfer had occurred, she noticed that only 55% of what she requested had been transferred. She contacted T. Rowe Price, and they informed her that, because of the Patriot Act, all their customers are required to fill out a W9 tax form so that the government, with this piece of paper, can verify that she is not a terrorist. The form apparently got lost in the mail, so until she fills it out her account is frozen and, for the transfer she did make, 45% went to the IRS as an involuntary downpayment on 2004 taxes.

Presumably, if a terrorist transferred say, $1 million, that would be fine as long as the IRS got its $450,000 take."

Posted by Thomas DiLorenzo at LewRockwell.com Blog.

Update: Billy Beck asks the more important question in regards to this.

“Just who in hell is T. Rowe Price working for, anyway?”

Posted by on 02/26 at 07:01 AM

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