It’s a newsroom cliche that some stories write themselves. Like this one: It’s been an historic week of stock market and economic turmoil driven by a massive debt and liquidity crisis. So the U.S. Treasury Department chooses this week to unveil…(wait for it!)…A program to teach schoolkids about the responsible use of credit!
The theme of the campaign (I swear I’m not making this up) is “Don’t let your credit put you in a bad place.” David Colker of the Los Angeles Times couldn’t resist waggishly leading his story on the program with, “See Sally. See Sally run from the bank. Run Sally run!”
The quote of the week, if not for the ages, comes from Don Iannicola, Treasury’s deputy assistant secretary for financial education. “The events unfolding in the last few months can be seen as a national teachable moment,” Iannicola tells the Times.
Gee, ya think?
Just a suggestion, perhaps all government bailouts of Wall Street financial institutions ought to come with the requirement that the firms’ execs take — and pass — the course.
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