These are the facts:<br><br>1. Last week, on September 13th, we (<a href="http://www.richterscales.com/" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">The Richter Scales</a>) released our music video
<a href="http://youtube.com/watch?v=ewiXA_he6VQ" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">"Fine Line: Sub-Prime Decline"</a> on YouTube.<br><br>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."
<br><br>3. The financial term "bips" is an abbreviation of <a href="http://en.wikipedia.org/wiki/Basis_points" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">"basis points"</a>
(1/100th of a percent). 50 bips would be half of one percent.<br><br>4. Today, the Federal Reserve <a href="http://www.msnbc.msn.com/id/20837026/" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">
lowered the key lending rate by 0.5%</a>.<br><br>These are the facts, and they are not in dispute.<br><br>Feel free to draw your own conclusions.<br><br>--<br><a href="http://www.richterscales.com/blog/2007/09/did-bernanke-watch-our-music-video.php" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">
The Richter Scales: Men Who Blog</a><br><a href="http://www.richterscales.com">http://www.richterscales.com</a><br><br>