Poll

Economy

Poll: 65% Support Stronger Regulations Against Banks

By Research Team at April 26, 2010 - 1:15pm

The facts are in. Americans stand with Main Street, not Wall Street. We support tougher laws against the banksters who helped contribute to the worst financial crisis since the Great Depression. CNN:

According to an ABC News/Washington Post survey released Monday morning, 65% of the public supports stricter federal regulations on the way banks and other financial institutions conduct their business, with 31% opposed.

A majority of people questioned in a CNN/Opinion Research Corporation poll conducted last month also favored greater government regulation of banks and other financial institutions.

Taking a look at some of the provisions in the legislation, the ABC News/Washington Post survey indicates that nearly six in ten back increasing federal oversight of the way banks and other financial companies issue credit cards and make consumer loans, such as mortgages and auto loans.

By a margin of 2:1, the American people support tough new laws to reign in the out of control excesses of the Wall Street banksters. It's clear that the public is with us. Now, it's time for Congress to act.