Americans say government regulation of banks isn’t working, but don’t want more
“Wall Street banks are once again drawing national criticism, this time due to JPMorgan Chase’s $2 billion loss from high-risk trades. Yet while Americans believe the federal government is doing a poor job keeping an eye on the banking industry, most still aren’t convinced more regulations are needed,” a new Rasmussen reports poll finds.
“The latest Rasmussen Reports national telephone survey of American Adults shows that just 14% rate federal government oversight of the banking industry as good or excellent. Fifty-three percent (53%) say the government is doing a poor job monitoring banks. (To see survey question wording, click here.)”
But despite the fact most think government regulations aren’t working, they aren’t buying the Obama administration’s call for tighter regulations.
Only 36% support more government regulation of banks.
