ELEMENTS IN BEARER BOND ISSUE

During last night’s Democratic debate Biden talked about investors “clipping coupons”. I really didn’t have a clue. I looked it up today. Well here is the story. Bearer bonds actually had coupons that could be redeemed at banks or mailed in. The individual with the coupon collected the interest. American corporations stopped issuing bonds with coupons in the 1960’s and the government stopped in 1984. Bearer bonds are still issued but the cash is sent electronically. That was a very arcane expression. Talk about being out of touch. It is scary this guy is anywhere close to being the front runner in a primary field. Last debate Biden Still encouraging parents to have their kids to listen to phonographs.