New Poll on 4th Anniversary of Dodd-Frank Shows Ongoing Distrust of Wall Street, Strong Support for Tougher Regulations
July 17, 2014
Washington, D.C. – July 17, 2014 - On the 4th anniversary of the passage of the Dodd-Frank law and nearly 6 years since the financial collapse of 2008, American voters still distrust Wall Street and big banks and strongly support tough financial regulation of them, according to a new national survey of likely 2014 voters (attached). The result is a strong majority of voters supporting stricter regulations of the way banks and other financial institutions conduct their business.
The national poll, conducted by Greenberg, Quinlan Rosner Research on behalf of Better Markets, surveyed more than 1,000 likely voters from across the political spectrum. It found majorities of Democrats and Independents and a plurality of Republicans still consider Wall Street and the big banks “bad actors” that don’t care about the interests of American families.
Dennis Kelleher, President and CEO of Better Markets issued the following statement:
“This latest poll of likely 2014 voters is a wakeup call for anyone currently in or running for Congress. They should be required to answer this question: what have you done, or will do, to effectively regulate Wall Street’s too-big-to-fail banks? As this survey confirms, American voters from every part of the political spectrum still correctly see that Wall Street’s too-big-to-fail banks remain a real danger to their jobs, savings, retirements and homes, and they want to be protected. Voters clearly want elected officials, policy makers and regulators to implement strong and effective rules for Wall Street’s too-big-to-fail banks and to remove the threat they pose to the American people.
“Even four years since the passage of the historic financial reform law and six since the crash, the public is still reminded virtually every day of the illegal and appalling behavior by Wall Street’s biggest banks that caused the crisis in the first place. Every politician and government official should listen to the voters and fight for tough, comprehensive financial reform. It’s not only good public policy, but good politics, too.”
Details of the new national survey are attached as a PDF: