Dick Track (4/6/09)


This seems like an overly harsh assessment of a simpleminded jackpot winner, even coming from the new casino-themed Dick Tracy villain. I don’t think it’s fair to call someone stupid just because they’re not “bank literate.” Sure, it behooves all of us to understand the basics of balancing a checkbook, paying bills on time and using credit responsibly. But when it comes to complex financial transactions, most of us are in the dark. Not only is the average Joe not “bank literate,” but it seems as if large banks and even the U.S. Treasury are not “bank literate.” If they were, then Lehman Brothers, Merrill Lynch, Fannie Mae, Freddie Mac, Washington Mutual and Wachovia wouldn’t have been allowed to drive our economy into a sinkhole.


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