In the immortal words of Will Ferrell-as-ex-President George W. Bush, there’s a new “strategery” to promote literacy among financial institutions. Today Congresswoman Eddie Bernice Johnson (D-TX) introduced the National Financial Literacy Act of 2009, which gives incentives to financial institutions, small businesses and corporations to provide financial education to their customers and employees.

Um, isn’t it more than a little late for this? As they take in unprecedented amounts of government bailout money, most financial institution honchos these days aren’t concerned with educating their customers or employees on the markets. Nope, they’re more concerned with cashing those obscene bonus checks, firing up their private jets, or maybe doing a little interior decorating on the company’s dollar.

Good luck and godspeed, Congresswoman Johnson.

And, just for fun, here’s a video of Ferrell as Bush from the early 2000s:

Bush State of the Union

Tags: bailout, executive greed, greed

This entry was posted on Thursday, January 29th, 2009 at 1:08 pm and is filed under economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.