Please don't, under any circumstance, buy and carry this...
And dear God, if you do decide to get it, in the name of all that is holy and sacred, PLEASE don't attach your husband's rank and/or name-tape to it.
It is not fashionable. You will not gain respect by wearing your husband's rank (and honestly, if your husband is that high ranking and you want to show it off, go with a nice leather designer bag).
I know, I know. "It's so cuuuuuute!" ::insert random squeal:: Yeah. It's adorable. It'll be adorable for about 5 minutes. Now please, put it back on the rack and walk away. The exchange has fabulous designer bags for a significantly discounted price, lets go browse there.