The American Enterprise Institute (AEI) is a conservative think tank in Washington mostly committed to defending Big Business. But a recent paper published by the group using an analysis of polls in the public domain reveals that Americans still do not trust or like Wall Street.
About what you would expect given that Wall Street created an economy-shacking crisis through reckless greed then bribed politicians to corruptly bail them out. Leaves a bad taste in everyone’s mouth.
The last point is an interesting one, “Wall Street is absolutely essential because it provides the money businesses must have for investment.” That is, in fact, not true. And about a third of Americans agree, which is great to see. Moving the needle on that view will likely be crucial to getting Wall Street’s boot off our neck – every time they get into trouble they claim they are indispensable and enough people believe them to let the crime and bailout spree continue.
One thing there is little doubt about is that people hold Wall Street and the banksters in particularly low regard. As AEI concludes:
The persistent lack of trust in Wall Street five years after the crash suggests that many Americans have deep misgivings about the operations of the financial sector. The consensus is that many of these firms are not ethical or concerned about the well-being of the country.
It takes the most minor powers of deduction to learn that from just observing Wall Street. They are greedy parasites who care nothing for the well-being of the country. If the public ever doubted that, they no longer seem to. Once that reality is recognized we can have an honest discussion about what to do about the problem.