3 ms·
I would make it illegal and unenforceable for BI to be used as collateral for any financial transactions. Much in the same way that your IRA cannot be used to s
by ncallaway 10y ago
I would make it illegal and unenforceable for BI to be used as collateral for any financial transactions. Much in the same way that your IRA cannot be used to secure a loan [1], I would prohibit BI funds from being used to secure loans in any way.
[1] IRS Publication 590, "Prohibited Transactions", https://www.irs.gov/pub/irs-pdf/p590a.pdf https://www.irs.gov/pub/irs-pdf/p590a.pdf