Financial-regulation poll reveals partisan splitPosted on
Nearly two-thirds of voters think the stock market is rigged against them and a majority believe Wall Street and big banks hurt average Americans, according to poll results from a pro-regulation group.
The survey by Better Markets, a non-profit advocate for stronger financial regulation, also found that 60 percent of voters support stricter federal regulation of banks and other financial institutions, according to the L.A. Times.
About 74 percent of Democratic voters and 56 percent of independents favored tougher oversight, but just 46 percent of Republicans did, according to the nationwide poll of 1,000 people likely to vote in this fall’s elections.
The poll was conducted by Greenberg, Quinlan and Rosner Research, a Washington, D.C., firm that handles polling for Democratic candidates and major corporations. The poll has a margin of error of 3.5 percent.
The results were released Thursday in conjunction with the week’s fourth anniversary of the passage of the Dodd-Frank financial reform law.
The legislation, which Congress approved with almost no Republican support, created the Consumer Financial Protection Bureau and enacted tough new regulations designed to prevent future financial crises and government bailouts.
The poll, however, showed that voters still are strongly dissatisfied with federal oversight of Wall Street and large banks nearly six years after the 2008 financial crisis.