from bloomberg: Americans are leery about creating a new federal agency to make consumer-protection rules for mortgages and credit cards and would prefer to enhance the existing powers of banking regulators. Most people interviewed in the Bloomberg National Poll say they don’t like Wall Street, banks or insurance companies and favor letting the government punish bankers who helped cause the worst financial crisis since the Great Depression. Almost seven out of 10 people surveyed support using current bank regulators for consumer protection, backing positions held by the financial industry and Republicans over President Barack Obama’s proposal to establish an independent agency. The poll’s findings come as the White House and congressional Democrats pivot to focus more election-year attention on an unpopular political target - banks and Wall Street - following this week’s victory on health-care legislation.related/updates:
people trust banksters less than random people on the street*
regulators shut 7 banks in alabama, georgia, minnesota, ohio & utah; 37 in 2010*
tax-refund law could benefit jpmorgan*
the end of saturday mail draws closer*
72% of dems, 84% of reps and 80% of indies
think economy could collapse (as if it hasn't already)*
madoff geeks charged for writing book-cooking code*
appeals court orders fed to release bank bailout records*
explain why you sold uk's gold, gordon brown told*
video: paul schools geithner on austrian economics*
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