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Bailout Sep 13

Bailout Sep 13

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Published by CBS_News

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Published by: CBS_News on Sep 25, 2013
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CBS News/New York Times PollFor release: Wednesday September 25, 20136:30 PM ETThe Financial “Bailout” Five Years Later 
Sept. 19-23, 2013
 As the five year anniversary of the 2008 government “bailout” of financial firmsapproaches, 59% of Americans still disapprove of the action.
Republicans (74%) and Tea Party backers (71%) remain especially critical of the bailout.
 Americans overwhelmingly (79%) say more bankers should have been prosecuted fothe events that led to the financial crisis, and most fear that another crisis will happensomeday.Next week marks five years since the federal government “bailout” of the financial industry –formally, the Troubled Asset Relief Program - was passed amid the 2008 financial collapse.Looking back on it now, a majority of Americans still disapproves of government money havingbeen used to rescue banks and financial firms.
Looking Back: Approve or Disapprove of the 2008 “Bailout”
 Approve35%Disapprove59 At the time, Americans were also opposed; just three in ten in an early-October 2008 pollapproved of the relief package after it was passed. Americans doubted it would be effective,though many economists have called it necessary under the circumstances.The measures were passed by Congress and signed into law by then-President George W.Bush. Today’s Republicans and Tea party supporters, in particular, disapprove in retrospect,while Democrats are more mixed.
Looking Back: Approve or Disapprove of the 2008 “Bailout”
 AllRepsDemsIndsTeaParty supporters Approve35%18%50%33%24%Disapprove5974436271Looking back on 2008, Americans widely believe that more bankers and financial executivesshould have been prosecuted following the collapse.
Should More Financial Executives Have Been Prosecuted After Collapse?
Yes79%No 9The 2008 crisis wasn’t the first in U.S. history, and Americans expect there will be yet another banking crisis someday: almost eight in ten think this is likely.
Likelihood of Another Banking Crisis
Very likely39%Somewhat likely40Not very/not at all likely18Today, Americans voice mixed confidence in another key economic institution, the FederalReserve, and its ability to promote growth. Just under one-third express confidence in it, 38%have not much or no confidence, and another three in 10 don’t know enough about it to say.
Confidence in the Federal Reserve’s Ability to Promote Growth
 A lot/some32%Not much/none38Dont know enough30 _________________________________________________________________________ 
This poll was conducted by telephone from
September 19-23
, 2013 among
adultsnationwide. Data collection was conducted on behalf of CBS News/The New York Times by SocialScience Research Solutions of Media, PA. Phone numbers were dialed from samples of both standardland-line and cell phones. The error due to sampling for results based on the entire sample could be plusor minus three percentage points. The error for subgroups may be higher. Interviews were conducted inEnglish and Spanish. This poll release conforms to the Standards of Disclosure of the National Councilon Public Polls.

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