[Vermont Lt]

You clip the coupons from bonds. Back in the 1950s. And the “street” is Wall Street.

In 1978 people would get it. Not so much today.

[nickcarraway]

Oh, I am very familiar with fixed-income, bullets, and various practices of pulling bonds apart, and sometimes putting them together. It just never occurred to me that that's what Biden was talking about. What is the full context of what he said?

By the way, it's not like clipping coupons is some key to instant success.

[nickcarraway]

Also, clipping coupons is not some sexy kind of arbitrage. It was a lot more mundane.