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Bernanke Testifies To The Joint Economic Committee; And The Balance Of D.C. Theater For The Week

Tyler Durden's picture


For those who miss the daily reruns of the televangelist driving the audience into a frenzy with chants of "pass this bill", before the donations plate is passed around, fear not: there is much to look forward to in the next few days, headlined by the Chairsatan, who already has his eye on the turboprint button all over again, who will testify on his economic outlook to the Joint Economic Committee later today.

Tuesday, October 4

  • House expected to pass continuing resolution (CR) to fund government through Nov. 18.  The Senate passed the measure last week.
  • Fed Chairman Ben Bernanke testifies on the economic outlook.  In the Joint Economic Committee.
  • GAO testifies on auditing the Federal Reserve. In the House Financial Services Subcommittee on Monetary Policy, chaired by Rep. Ron Paul (R-TX).

Wednesday, October 5

  • House Financial Services votes on small business legislation.  The committee is likely to pass several pieces of legislation that would raise the threshold for mandatory registration with the SEC from 500 to 1000, and for banks to 2000, exempt registration for the $5 million or less raised, and repeal the prohibition solicitation for small businesses raising funds under Reg D, which exempts small issuers from registration.

Thursday, October 6

  • Treasury Sec. Geithner testifies on the FSOC annual report to Congress.  In the Senate Banking Committee and House Financial Services Committee.
  • Excessive Speculation and Compliance with the Dodd-Frank Act. In the Senate Government Affairs Committee
  • Hearing on the President’s proposal on the long term unemployed. In the House Ways and Means Committee.
  • Obama Administration’s housing initiatives. House Financial Services

From Goldman


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Tue, 10/04/2011 - 07:25 | 1736386 Drag Racer
Drag Racer's picture

Did that shipment of ink arrive from Greece yet?

Tue, 10/04/2011 - 07:26 | 1736391 GeneMarchbanks
GeneMarchbanks's picture

So... we have that going for us...

Tue, 10/04/2011 - 07:31 | 1736399 samsara
samsara's picture

has his eye on the turboprint button

'It's just for Short Bursts, You're not supposed to keep pressing the turbo button,  Now you have broke the bloody ship!"

Galaxy Quest

Tue, 10/04/2011 - 07:31 | 1736400 jdrose1985
jdrose1985's picture

The printer seems to be broke. The vast majority of Benjamin's I have examined are 2006 or prior.

Tue, 10/04/2011 - 08:07 | 1736481 pepperspray
pepperspray's picture

Local counterfeiters have beaten the pen test.  Now cashiers need to call over a manager when accepting a $100 bill.

Tue, 10/04/2011 - 07:33 | 1736404 DavosSherman
DavosSherman's picture

The only thing worse than Moron Bernanke procreating is the thought that someone might actually listen to him.

What a fucking assclown!

Tue, 10/04/2011 - 07:37 | 1736413 swissaustrian
swissaustrian's picture

Ron Paul has a hearing today - great!

Tue, 10/04/2011 - 07:49 | 1736419 NuYawkFrankie
NuYawkFrankie's picture

The criminally insane performing for the criminally incompetent. 

Guess they don't call it the District of Criminals for nothing.

Tue, 10/04/2011 - 07:43 | 1736425 Schmuck Raker
Schmuck Raker's picture

And yet, none of the events in this post are even mentioned in the earlier post entitled "News That Matters"

Oh, the irony.

Tue, 10/04/2011 - 07:54 | 1736432 kahunabear
kahunabear's picture

We need to get more PhDs on this problem. There has got to be some equation or way to think ourselves out of insolvency. Nobel Prize material for sure.

On second thought, perhaps we need a team of mystics to work on conjuring up Charles Ponzi.

Tue, 10/04/2011 - 07:57 | 1736450 EL INDIO
EL INDIO's picture

I'm not sure about this info but I've seen somewhere that on its creation the FED was given a 99 years mandate which will end in December 2012 !

Could this be the end date of the FED and the Dollar ?

Is this why the FED pledged zero interest rates until 2013 ?

Could Bernanke be the last FED chairman ?

Tue, 10/04/2011 - 08:03 | 1736466 sabra1
sabra1's picture

would love to read, "Bernanke Testifies to Grand Council," "i know not what i do," minutes later, a light breeze gently sways his lifeless body, in perfect synch with the nearby wheat field.

Tue, 10/04/2011 - 08:27 | 1736528 Edward Fiatski
Edward Fiatski's picture

Tyler(s), where can one view the JEC hearing live?


Tue, 10/04/2011 - 09:06 | 1736640 prophet
prophet's picture


Tue, 10/04/2011 - 09:12 | 1736653 Monedas
Monedas's picture

Monedas  has a question for "Binky":  Binky, will the new Danish Butter Tax apply to exported Danish Butter Cookies ?        "Binky":  Don't worry Monedas ! The one's that you buy at the Dollar Store are exempt ! They hardly have any butter ! Monedas 2011 Danish Bureau for Better Butter Batter

Wed, 10/12/2011 - 12:32 | 1766195 karmete
karmete's picture

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