Posts Tagged ‘financial literacy’

FDIC Chairman Sheila C. Bair: Financial Literacy Is Key In Preventing Another Financial Crisis

In a speech to the Operation Hope Financial Forum, FDIC Chairman Bair said that educating consumers about finances is a key ingredient to preventing another financial crisis. You can read her full speech here.

While she does also say that regulation is needed to protect people from bad loans, the bulk of her remarks seem to be aimed at the necessity of financial education.  Certainly, no one will disagree that arming people with financial knowledge is a good thing.  However, education is not enough.


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