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 The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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