Today's Events: Bernanke Testimony, JOLTs, Consumer Credit

Tyler Durden's picture

All day today - Greek political leaders met to discuss detailed spending cuts, as unions called their first general strike of the year.

10 am - Fed Chairman Benjamin Bernanke will testify before the Senate Budget Committee,

10 am - JOLTs job openings

1 pm - The U.S. plans to sell $32 billion of three-year notes today, $24 billion of 10-year debt tomorrow and $16 billion of 30-year bonds on Feb. 9.

2:30 pm - Joint Economic Committee hearing on the payroll tax-cut extension

3 pm - Consumer credit

6:50 pm - Japanese current account

Later in the day: Colorado and Minnesota host Republican presidential caucuses today; Missouri holds a non-binding primary.

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Chief KnocAHoma's picture

Once again, the banks bend us over and have no mercy!
Jefferson's picture

What are you talking about?

Just stop paying your mortgage and JP Morgan will give you $30,000 to short sell your home.


“You could sell your home, owe nothing more on your mortgage and get $30,000,” JPMorgan Chase & Co. (JPM) said in the Aug. 17 letter obtained by Bloomberg News.

$200,000 Short

Farley, whose home construction lending business dried up after the housing crash, said the New York-based bank agreed to let her sell her San Marcos, California, home for $592,000 -- about $200,000 less than what she owes. The $30,000 will cover moving costs and the rental deposit for her next home. Farley, who is also approved for an additional $3,000 through a federal incentive program, is scheduled to close the deal Feb. 10.

“I wondered, why would they offer me something, and why wouldn’t they just give me the boot?” Farley, 65, said in a telephone interview. “Instead, I’m getting money.”

rsnoble's picture

Oh boy more crap spewed out of Ben's asshole of a mouth.  Soon he will probably  have daily briefings when things really start going to hell. Get rid of these bastards already.

WarriorClass's picture

My friend's aunt lost $500 on some phony work from home on your computer bull shit.

Run the numbers yourself:

The Alchemy of Number Theory.



aztrader's picture

I would like to see one of these butt kissers ask Ben how doing foreign currency swaps has anything to do with the Fed mandate.................

Snakeeyes's picture

Bdrnanke at 10am. Same speech as last week, but Senators will ask him WHO pays all of the costs for principal write downs and refis.