Did Bernanke watch our music video?
These are the facts:1. Last week, on September 13th, we (The Richter Scales) released our music video "Fine Line: Sub-Prime Decline" (pictured below).
2. In said music video, at time index 01:29, we implore Ben Bernanke, Chairman of the Federal Reserve, to "cut rates" by "50 bips."
3. The financial term "bips" is an abbreviation of "basis points" (1/100th of a percent). 50 bips would be half of one percent.
4. Today, the Federal Reserve lowered the key lending rate by 0.5%.
These are the facts, and they are not in dispute.
Feel free to draw your own conclusions.


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