Public to Banks: We Forgive You, Sort Of

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The headline just emailed to me says: “ABC News Poll: Banks Need to Make Amends.” And it’s true: 77% of respondents think banks need to do more. Sounds like people are still pissed! But if you click on the poll, you also get the result on the right.

Unfortunately, that doesn’t look much like an angry mob to me. Basically, the country is evenly split on whether the bank bailout was fair, and a majority thinks banks treat people decently. I’m pretty surprised by that. Judging from news coverage, I would have expected about 80% of the country to loathe the bank bailouts, and after nonstop coverage of credit card and debit card excesses, I’d expect trust in banks to be somewhere around the same level as lawyers and late-night pitchmen. But no. Overall, this reaction is a great big “eh.” It doesn’t bode well for the prospect of public pressure pushing Congress to do anything serious about financial reform.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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