Financial Literacy Panel (10/27/09)
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Uploaded by commonwealthclub on Nov 18, 2009
Watching Out for Your Financial Future:
How to make Americans more financially literate and fiscally safe
Carrie Schwab-Pomerantz, President, Charles Schwab Foundation
Pam Erwin, Senior Vice President, Corporate Social Responsibility Group, Wells Fargo
Michelle Greene, Deputy Assistant Secretary for Financial Education, U.S. Department of the Treasury
José Cisneros, Treasurer, City and County of San Francisco
Susan Keating, President and CEO, National Foundation for Credit Counseling - Moderator
The Great Recession has occurred in part because some people in the U.S. are financially illiterate, making them vulnerable to too-good-to-be-true mortgage offers, derivatives and other financial schemes. When these schemes failed, the economy cratered, and with it many jobs, investments and retirement plans. Nationally and personally, we will be digging ourselves out of this economic hole for years. Financial illiteracy affects us all, and we wont have a healthy economy until more American understand basic personal finance. A lively panel will debate this question and offer ideas about how to better educate and protect the average American, and the American economy as a whole.
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So very sorry to hear of NFCC's financial and senior management problems. Best of luck making it through a difficult time. As you know, you are not alone.
jriessman1996 1 year ago