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Politics : American Presidential Politics and foreign affairs
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To: RMF who wrote (41342)2/22/2010 12:27:50 PM
From: DuckTapeSunroof  Read Replies (2) of 71588
 
Re: "Those polls aren't going to matter".

Maybe, maybe not.

Still, I'm one who believes that it is ALWAYS USEFUL to know to know what people are thinking about various matters... and it's at least *slightly* possible that even the politicians will wake up and smell the roses and realize that HUGE MAJORITIES don't want the big financial institutions who BENEFIT from the taxpayer's provision of DEPOSIT INSURANCE to their operations gambling wildly with the capital reserves that their deposit base provides.

(Because that way simply leads to repeats of the globe-spanning financial crisis and economic crash that we are still emerging slowly from, and that has carved around 1/3, on average, off of growth rates around the world and corresponding drops in wealth in sector after sector.)

Also interesting to note that this was a poll by the Chartered Financial Analyst Institute of it's (*very*) well-educated and in-the-know membership... and not just a poll of some wild-eyed organization.

And even the C.F.A. came up with views like this from it's financially very astute membership:

A poll released Friday shows 68% of respondents said they support proposals to separate these businesses from banks. The poll, conducted by the CFA Institute of its members, also found that 58% of respondents support measures to rein in banks considered too big to fail. See CFA poll results (PDF file).

The poll of 1,471 respondents also suggested they're unhappy with the pace of reform in Washington: 67% said the government had made "little progress" in reforming Wall Street, as opposed to just 24% who said "some progress" had been made, CFA said.

"They want banks to focus on their specialty -- taking deposits and making loans," Jim Allen, CFA Institute's head of capital markets policy, said in a statement.
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