BUSINESS
11/03/2008 05:26 pm ET | Updated May 25, 2011

Will Main Street Stock Portfolios Decrease? (VIDEO)

Federal Reserve Chairman Ben Bernanke is testifying before Congress today on the proposed $700 billion bailout plan, meeting much skepticism. What follows is a brief, clear pair of questions from Representative Baron Hill of Indiana, regarding the "main street" concerns, as seen on CNBC:

REP. HILL: Is it fair to tell my main street people back home that their stock portfolios are going to decrease dramatically?

CHAIRMAN BERNANKE: Very likely.

HILL: And their 401ks and retirement programs?

BERNANKE: Very likely.

WATCH: