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 .(JavaScript must be enabled to view this email address) on 02/26 at 09:01 AM

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