BERNANKE GETS CLOBBERED

FED CHAIRMAN BERNANKE GOT HIT HARD THIS MORNING IN THE Q & A SESSION WITH THE SENATE BUDGET CMTE. ONE SENATOR WAS PARTICULARLY HARSH WITH BERNANKE; THE SENATOR COMPLAINED THAT ONLY RECKLESS CORPORATIONS WERE RECEIVING FINANCIAL ASSISTANCE FROM THE GOV., WHILE BUSINESSES THAT HAD PLAYED BY THE RULES WERE GETTING CRUSHED. THE S&P AGAIN HIT NEW LOWS.