Poll: 6 of 10 Surveyed See Wall St. Reform as Priority
SIOUX FALLS, S.D. - As a financial reform bill makes its way through Congress, a new poll shows that nearly 60 percent of people questioned like the idea of tighter regulations for Wall Street, and they support seeing that sooner rather than later. According to Congress' Joint Economic Committee, South Dakotans have seen their personal incomes fall by around $1100 since the recession began.
Gordon McDonald, the manager of Pew's Financial Reform Project, the group that commissioned the non-partisan poll on reform, says people are worried and want something done.
"When you put this in context, it makes it clear that the American public have some real concerns about the economic situation in America, and they think that financial reform can go a long way to solving some of those."
McDonald says three of four people questioned say the chances are 50-50 or better that the U.S. will experience another financial crisis in the next three years.
"Respondents have a pretty grim view of the economic situation in the country. Large majorities give the economic situation in America pretty poor marks."
About 35 percent of those polled think Congress and the President have more important issues to focus on.
The Pew poll focused on several aspects of reform, including ending "too big to fail," and consumer protection from harmful business practices.
The report is available at www.pewfr.org