"SERIOUSLY, BAD THINGS WILL HAPPEN" Bernanke Taken together, the three clips below total about twenty minutes of testimony before the Senate from Treasury Secretary Henry Paulson, Fed Chairman Ben Bernanke, and SEC head Christopher Cox. Their message? We need a bailout now. Or else. It's a lot to watch, but your duty as an American citizen is to keep yourself informed as to the excuses your financial leaders are giving for needing to take $700 billion of your dollars that were previously unavailable for health care and using them to cover bad bets made by multimillionaires. Or you can just watch this Chris Rock bit from Letterman last night. It's really funny!