Deeeeelayyyyyyyed Reaction.

Big Bearded Bernanke spills the obvious. Recession. Read my lips: R-E-C-E-S-S-I-O-N.

What did he fail to address? The broader implications regarding his Bear Stearns bailout, the administration's recent proposal to further regulate the financial sector, and the consumer mortgage CRISIS. Yes, that's right. It's just the beginning of foreclosures and bankruptcy.

Here's what one of his biggest supporters, Senator Charles Schumer, had to say, "What is the justice of helping Bear Stearns and not millions of homeowners?" Schumer said. "A single homeowner going under does not pose systemic risk, but millions of homeowners going under do."

http://money.cnn.com/2008/04/02/news/economy/bernanke_testimony/index.htm?cnn=yes