Five years since the Lehman Brothers’ crash and as it nears two years since Occupy participants first encamped just feet away from Wall Street, the OWS slogan rings as true now as ever: “Shit’s Fucked Up And Bullshit.”
Meanwhile, banks remain too big to fail, many Dodd-Frank regulations remain unimplemented, CEOs remain impugn and filthy rich.
And, according to a new Reuters/Ipsos poll surveying 1,400 people from a cross-section of the U.S. population, most people are still angry at Wall Street.
As many as 44 percent of those polled believe the government should not have bailed out financial institutions, while only 22 percent thought it was the right move. Fifty-three percent think not enough was done to prosecute bankers; 15 percent were satisfied with the effort.
…The Reuters/Ipsos poll shows that as many as 30 percent of Americans believe Wall Street banks and traders do not help the economy grow and create jobs. (Twenty-six percent of those polled said they believed the financial services sector was good for the economy.)
Fifty-one percent believe Silicon Valley and the technology industry do better than the financial services industry at creating jobs and helping the U.S. economy, while only 10 percent said they thought Wall Street did better.
About one-third of those polled said breaking up the big banks will help the economy, nearly twice the number of people who thought it would hurt.
A majority of those polled said Wall Street bankers, traders and executives were still paid too much. More than half also want the government to do more to punish those responsible for the crisis.