Americans are still angry with Wall Street bankers for their role in the US financial crisis that plunged the global economy into chaos, according to a new poll.
The new Reuters/Ipsos poll shows Main Street animosity against Wall Street bankers persists five years after the bankruptcy of Lehman Brothers on September 15, 2008.
Lehman Brothers’ bankruptcy filing is the largest bankruptcy in US history, which played a major role in the global financial crisis of the late 2000™s.
The poll of more than 1,400 adults, representing a cross-section of the US population, shows that half of the respondents believe there has not been enough reform to prevent a future crisis.
The poll found that 44 percent of those surveyed believe the government should not have bailed out financial institutions. Fifty-three percent think not enough was done to prosecute bankers.
The cost of the crisis has been severe according to the Federal Reserve Bank of Dallas, which estimated that the financial crisis and the recession cost the US economy as much as $14 trillion, or about $120,000 for every household.
The economic recovery has also been slow, and high levels of unemployment still persist.
In September 2011, an angry uprising led to the creation of the Occupy movement. The movement created the concept of the 99 percent of working class people against the 1 percent of highest income earners, including bankers on Wall Street.
The Reuters/Ipsos poll shows that as many as 30 percent of Americans believe Wall Street banks and traders do not help the economy grow and create jobs. About one-third of those polled said breaking up the big banks will help the economy.
A majority of those polled said Wall Street bankers, traders and executives were still paid too much. More than half also want the government to do more to punish those responsible for the crisis.
Copyright: Press TV