Bernanke says Fed won't bail out Europe: Senators

WASHINGTON (MarketWatch)
Federal Reserve Chairman Ben Bernanke told Senate Republicans in a closed-door meeting Wednesday that he has no plans to bail out Europe, according a report on WSJ.com quoting Sen. Bob Corker, a Republican from Tennessee, who attended the meeting.
"I think people walked away knowing he has no intentions whatsoever of furthering U.S. involvement in the crisis," Corker told reporters after the briefing.
Bernanke also told lawmakers that the U.S. economy can be hit if Europe starts to unravel, said Sen. Mike Johanns, a Republican from Nebraska.
Sen. Richard Shelby, the Republican chairman of the Senate Banking committee, said that the Fed chairman spoke with some candor about the crisis. "The situation is bleak," Shelby said