Let´s hope the Senate makes more progress on its credit card bill this week than it did last week. Insiders say work on the bill should actually be completed, and we at BankThink are of the opinion that the fewer amendments to it that have absolutely nothing to do with banking, the better.
Meanwhile, the House is trying to finish that bill that would increase the FDIC´s borrowing authority, which would allow it to reduce the emergency premiums it´s levying against bankers.
Federal Deposit Insurance Corp. Chairman Sheila Bair is giving the Commencement Address for the University of Connecticut Law School in Hartford. Ceremonies begin at 10am.
Bair will accept a John F. Kennedy Profile in Courage Award at the John F. Kennedy Presidential Library and Museum in Boston.
Newsweek Editor Jon Meacham will interview Treasury Secretary Timothy Geithner at the National Press Club at 1pm. The event will be broadcast live.
The House Financial Services Committee will hold a hearing called "Capital Loss, Corruption and the Role of Western Financial Institutions," starting at 10am. Witnesses have not yet been announced.
Geithner will testify before the Senate Banking Committee for a hearing on the implementation and oversight of the Troubled Asset Relief Program. The hearing will begin at 9:30am.
The House Financial Services Committee, will hold a hearing called "Legislative Proposals to Improve the Efficiency and Oversight of Municipal Finance" starting at 9:30am. Witnesses have yet to be announced.
The FDIC board will meet at 1:30 to discuss a final rule on setting a special deposit insurance assessment.
Federal Reserve Chairman Ben Bernanke will deliver the commencement speech to Boston College Law School at 2pm.
Fed Vice Chair Donald Kohn will speak at a Princeton University conference on monetary and fiscal policy and the financial crisis. He will address the conference at 4pm.