informationliberation
The news you're not supposed to know...




An Introduction to Austrian Economics: Understand Economics, Understand Everything
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Article posted Jul 02 2010, 11:27 PM Category: Economy Source: Rasmussen Reports Print

Americans Not Sure on Financial Reform Bill, But Donít Think Some Banks are Too Big to Fail


Nothing could be better for the economy than letting the big corporate welfare pimp banks fail. People give their money to companies whose products they want more of, that helps both them get the products they want and the company produce more products they want for cheaper.

The idea stealing money from productive and free people to give to some corrupt bank or some military industrial complex corporation helps "stimulate" the economy is a sick joke.

The biggest economic stimulation is to get rid of the middleman between you and the companies you like. Get the parasitic government to stop robbing them of half their income through taxes, you'd see prices across the board fall dramatically. - Chris
Americans don't have strong feelings one way or the other about a financial reform bill working its way through Congress. But most reject the notion that some banks are too big to fail and prefer more competition over more regulation.

A new Rasmussen Reports national telephone survey finds that a plurality (44%) of Adults nationwide don't have an opinion one way or the other on the financial reform effort. The rest are fairly evenly divided between those who favor (25%) and oppose the effort.

As the Fourth of July holiday approaches, just 25% of Americans are Very Closely following news stories about "a new bill working this way through Congress that would impose tighter regulatory control over the U.S. financial system." Another 34% are following the news Somewhat Closely.

But while Americans are not up to speed on the details of what Congress is trying to do, most reject the notion that some banks are too big to fail. If "some of the largest banks in the country reach a point where they can no longer meet their obligations," 56% say the government should let them go out of business. Just 24% believe the government should find a way to keep the failing bank in business.

Additionally, 49% say it would be better for the United States financial system to have more competition and less regulation. Just 30% take the opposite view and prefer more regulation and less competition.

Most Republicans (66%) prefer more competition and less regulation while a plurality of Democrats take the opposite view. Among those not affiliated with either major party, 53% prefer more competition while 24% favor more regulation.

The survey of 1,000 Adults was conducted on June 26-27, 2010 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

Americans are evenly divided over the "creation of a new government agency to regulate what banks, mortgage lenders and credit card companies offer Americans." Thirty-eight percent (38%) like the idea and 40% do not.

On the topic of financial reform, there is a huge divide between the Political Class and Mainstream Americans.

By a 66% to 8% margin, the Political Class favors the legislation before Congress. By a 42% to 16% margin, Mainstream Americans are opposed.

By a 75% to 12% margin, those in the Mainstream reject the "too big to fail" concept and believe failing banks should go out of business. By a 48% to 18% margin, those in the Political Class believe the government should find a way to keep those banks in business.

By a 3-to-1 margin, Mainstream Americans believe the financial system would be better off with more competition and less regulation. By an 8-to-1 margin, the Political Class thinks it would be better to have more regulation and less competition.





Latest Economy
- Cost of Renouncing US Citizenship Goes From Free In 2010 to 450$, And Now It's Been Jacked to $2,350
- Colorado's Illegal Pot Market Thrives
- Neighborhood Bully - America Recklessly Throws its Weight Around
- Doug Casey on the Phil Donahue Show (1980/1981)
- Yellen: Where No Man Has Gone Before
- Block on CNBC: Privatize the Roads
- Burgeoning Regulations Threaten Our Humanity
- How Government Forces the Poor Into Black Markets









No Comments Posted Add Comment


Add Comment
Name
Comment

* No HTML


Verification *
Please Enter the Verification Code Seen Below
 


PLEASE NOTE
Please see our About Page, our Disclaimer, and our Comments Policy.


FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy



Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

Withheld Evidence Will Cost Los Angeles Cops - 09/19Tucson Cop Leaves Photographer Hospitalized after Claiming he was Blinded by Flash - 09/19Government Seeks To Steal Elderly Car Crash Victim's Home Over Single Missed Property Tax Payment - 09/17"You Have The Right To Shut Up": Police Raid Tavern, Lock Doors, Forcibly Search Dozens of Patrons - 09/17Would Appointing a War Criminal as Commissioner Redeem the NFL? - 09/16Man Calls Cops To Report Vandals At His Home, They Show Up And Kill Him - 09/18Russell Brand: Will Obama's Bombs Stop Beheadings? - 09/16Delaware Court Overturns Hearsay Traffic Stops - 09/18

Rialto, CA Police Made to Wear Cameras, Use of Force Drops by Over Two-ThirdsCop Who Karate Chopped NY Judge In Throat Gets Off Scot-FreeFlorida Cop Smashes Compliant Woman's Face Into Car -- "Maybe Now You Can Understand Simple Instructions"VIDEO: Lapel Cam Reveals A Day In The Life Of A U.S. Police Officer (Tasing, Beating, Breaking & Entering, Stomping On Heads... and Laughing About It)Caught On Tape: Officer Sucker Punches Inmate In Face, Files Report Claiming 'Self Defense'Insult Person On Twitter, Go To JailSWAT Team Brings TV Crew To Film Raid Against Threatening Internet Critic -- Raids Innocent Grandma InsteadCop Karate Chops NY Judge In The Throat
(more)

 
Top