Separate from the question of whether we should have financial literacy education for law students, there's the question of what should be included. I'm curious what readers think is important. Comments are open. I'd merely ask that if your comment relates to the "should," rather than the "what" that you post in response to the "should" post, and not here.  To get the ball rolling, let me throw out a few thoughts, that are not at all meant to be a complete list, but just ice-breakers:

(1) senior vs. junior (debt vs. debt, debt vs. equity, preferred vs. common)

(2) secured vs. unsecured, collateral, recourse, secured loan/finance lease/sale equivalency/distinction

(3) reading balance sheets and income statements

(4) options, futures, swaps and other derivatives (what they are, how they work, basic terms, e.g. "strike price")

(5) valuation issues:  present value/time value/rate risk /discounted cash flows / OID

(6) guarantees, insurance, subrogation

(7) limited vs. unlimited liability

Hopefully this will get the ball rolling.