FMIC has made the decision to market the Squier brand separate from the Fender brand. The Squier brand is a budget line, the Fender brand a premium line. It's very cheesy to put a Fender logo on a Squier guitar. Mainly because those turning Squiers into "Fenders" are doing so to pass themselves off as something more impressive than they are.
hmmmmm. So Fender was trying to pass this off as something more impressive than it is?