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The Ethics of Wall Street
Negative views about the morality o those who work on Wall Street are long-standing, but the public soured on themeven more during the nancial crisis. Not only were the ethics o people on Wall Street troubling, but people were alsodeeply concerned about Wall Street’s ability to cause another nancial meltdown.
Q: Do you think that executives at large Wall Street banks share the same undamental American values as you, or dothese managers have a dierent set o values?
Executives at large Wall Street banks sharethe same undamental American values as you 17%Have a dierent set o values 79
/Aspen Institute, May–June 2012.
Q: Please tell me i you agree or disagree with the ollowing statements about Wall Street . . .
In general, people on Wall Street are as honest and moral as other people
1996 43%2009 262012 28
Source: Harris Interactive, latest that o April 2012.
For each statement, please tell me i you . . . ?
Source: Pew Research Center, March–April 2009.
Q: Next, I’m going to read you some dierent kinds o major companies. As I read each, tell me i you think companiesin this category are generally . . .
More Less Abouttrustworthy trustworthy the same
Technology services and sotware 27% 11% 60%Manuacturing 22 12 65Large retail 17 16 67Automobile 16 26 57Energy 14 31 54
Banks and other fnancial institutions 12 46 42
Pharmaceutical 11 45 43Health insurance 9 50 40Real estate companies 8 36 55
Source: PSRA/Public Aairs Pulse, July 2012.
Agree, Wall Street makes an importantcontribution to the American economy
Completely agree 17%Mostly agree 46Mostly disagree 20Completely disagree 8
Agree, Wall Street only cares aboutmaking money or itsel
Completely agree 28%Mostly agree 39Mostly disagree 21Completely disagree 6