Every regulator in the universe will be present at Senate Banking Committee hearing discussing Dodd-Frank (Do-nk) Monitoring Systemic Risk and Promoting Financial Stability. Which means there will be nobody to greenlight a margin hike for at least 2-3 hours, as supposedly even Blackberries are not allowed. Which means crude may even lift a few offers before today's take down brings it to $80 by EOD courtesy of Obama's E*trade account.
Watch it live here.
The witnesses will be: The Honorable Neal S. Wolin, Deputy Secretary,
U.S. Department of the Treasury; The Honorable Ben S. Bernanke,
Chairman, Board of Governors of the Federal Reserve System; The
Honorable Sheila Bair, Chairman, Federal Deposit Insurance Corporation;
The Honorable Mary Schapiro, Chairman, U.S. Securities and Exchange
Commission; The Honorable Gary Gensler, Chairman, Commodity Futures
Trading Commission; and Mr. John Walsh, Acting Comptroller of the
Currency, Office of the Comptroller of the Currency.
Honorable Neal S. Wolin
U.S. Department of the Treasury
The Honorable Ben S. Bernanke
Board of Governors of the Federal Reserve System
Honorable Sheila Bair
Federal Deposit Insurance Corporation
Honorable Mary Schapiro
U.S. Securities and Exchange Commission
Honorable Gary Gensler
U.S. Commodity Futures Trading Commission
Mr. John Walsh
Acting Comptroller of the Currency
Office of the Comptroller of the Currency