Poll Shows Americans Despise Wall Street

plunder_art_dvdA new poll by the ultimate Wall Street insiders at Bloomberg shows that most Americans want criminal punishment for the banksters, just as Danny Schechter shows in his new film Plunder: The Crime of our Time:

Most people interviewed in the Bloomberg National Poll say they don’t like Wall Street, banks or insurance companies and favor letting the government punish bankers who helped cause the worst financial crisis since the Great Depression.

Almost seven out of 10 people surveyed support using current bank regulators for consumer protection, backing positions held by the financial industry and Republicans over President Barack Obama’s proposal to establish an independent agency…

As the country struggles with a 9.7 percent unemployment rate while financial stocks surge, 57 percent of Americans have a mostly unfavorable or very unfavorable view of Wall Street, versus fewer than one-quarter who have a favorable opinion. Banks are viewed badly by 54 percent of poll respondents, and 60 percent have a negative opinion of insurance companies. … Fifty-six percent of those polled say they would support government action to limit compensation of those who helped cause the financial crisis, or to ban those people from working in the banking industry.

“The amount of money that people on Wall Street make seems to be really out of bounds,” said Laure Sinclair, 52, a part- time accountant who lives in Dallas. “But I don’t know that the government can regulate that because we want to be a capitalist society.” …

[continues at Bloomberg]


Majestic is gadfly emeritus.

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5 Comments on "Poll Shows Americans Despise Wall Street"

  1. Uh-oh! The people are angry!
    I'm sure everyone on Wall Street is trembling with fear.
    The poll should have asked one more question: What are you gonna do about it?

  2. Word Eater | Mar 24, 2010 at 1:30 pm |

    Coming later: water, still wet.

  3. GoodDoktorBad | Mar 25, 2010 at 3:34 pm |

    Wall street is a bunch of gambling addicted, self-absorbed power junkies. People continue to be impressed by suit wearing jackasses who drive impressive cars, drink too much and need viagra to get it up for their hookers…..

  4. One word: Argentina.

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