The Angry Mob Heading To Wall Street Is Revived?

March 24th, 2010 by alyx · No Comments · breaking news

I guess all it takes is a little bit of successful health care reform to put the spring back in the step of the fat-cat lynch mob:

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.

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.

The poll also shows most Americans don’t like the nation’s top corporate bosses. Almost two-thirds say they have an unfavorable opinion of business executives, a rating that rivals the public’s disdain for Congress, which was viewed with disfavor by 67 percent of respondents.

Bloomberg brings the vitriol in this article, using phrases like “Wall Street Despised” and “Disdain For Executives” to sum it up. But guess who isn’t still in the overwhelmingly negative column? Benny!

The Fed could use some marketing help, the poll shows. More than a quarter of participants don’t have an opinion about the central bank, while 42 percent have a favorable view and 31 percent hold an unfavorable view.

So a full quarter of Americans still shrug their shoulders like “lol, wut” when the Fed’s name comes up. Hey, if they need marketing help, Jason and I could be all over that. I mean I drew MSPaint hearts on Benny the other day when we were talking about Chris Dodd, and I kind of meant them with irony, but you could take them without if you want. Maybe the 42% favorable doesn’t surprise me – I’d like to be friends with the guys who print all the money, too.

Americans also showed some love for regulation, with 70% favoring the idea of letting bank regulators have some steer over consumer protection and 37% saying the feds haven’t done enough to “fix” the financial industry, whatever that means (though in the South that’s slang for neutering a dog and we have to guess that’s where most people are going, figuratively).

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