[Rashputin]

He had to be thinking about clipping the interest coupons on interest bearing bonds that don't automatically distribute the interest quarterly or semiannually. I think Bearer Bonds of that sort are rare to nonexistent these days though.

[tired&retired]

You beat me by 13 seconds

I type very slowwwww

[rightwingcrazy]

So by “on the Street”, he’s referring to Wall Street. That’s the ticket.

[Oatka]

He had to be thinking about clipping the interest coupons on interest bearing bonds

That was my first thought - pretty archaic in this day and age - another indication as to how far out of touch he is with today.

[BenLurkin]

Might first thought as well.

Don’t think those are issued anymore, are they?