8537
VIP Member
Not exactly accurate, either
Trust Fund FAQs
If all the income is invested, how do benefits get paid each month? Money to cover expenditures (mainly benefit payments) from the trust funds comes from the redemption or sale of securities held by the trust funds. When "special-issue" securities are redeemed, interest is paid. In fact, the principal amount of special issues redeemed, plus the corresponding interest, is just enough to cover an expenditure.
sale of securities...hmm...
Who buys those securities, Frank? (hint: It ain't anyone in the market)
Is it a marketable security if the security can't be sold in the market?
No, it's not.
So, you quoted that FAQ to prove it was a marketable security before you agreed it wasn't a marketable security?
OK then.