12/03/09 Stockholm, Sweden – In the lead up to Bernanke’s testimony before Congress, the Federal Reserve has been running ads on the responsible use of credit in movie theaters. This is of course the same Fed that has been on a spending spree in the trillions of dollars, with seemingly little concern about the debt being accrued.
In the commercial, according to the LA Times, “over jazzy music, the announcer asks: ‘Want to use your credit card wisely? Here are some tips you can trust from the Federal Reserve.’” It’s more than a touch ironic… the Fed should be the last place anyone seeks credit advice.
See the full coverage from The Los Angeles Times in its article on the Federal Reserve trying movie theater ads to burnish its image.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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