Occupy K Street
Who do you like more? Your local banker, or your local representative of the federal government?
If you listen to the Occupy Wall Street crowd -- or the childish editors of Time Magazine -- you'd be hard pressed to say "my local banker."
And yet. From Daily Finance on Aol.com:
...despite the din from the Occupy Wall Street crowd, not everybody dislikes financial institutions -- at least, not their own. A new poll from the staunchly libertarian and conservative Reason Foundation and the similarly aligned Arthur N. Rupe Foundation found that 76% of Americans surveyed have a favorable opinion of their own bank, while just 15% gave it a thumbs down.
Uncle Sam, by contrast, gets a big thumbs down. A mere 32% said they have a favorable opinion of the federal government as a whole, and 62% rate it unfavorably.
Slightly more worrisome:
The president, though, fared somewhat better: 49% of respondents approved of the job Barack Obama is doing in the White House, with 47% disapproving.
Maybe there's only so much hate to go around.
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Mar '11
Re: Occupy K Street
This is one of those surveys that conceals more than it reveals. I am perfectly fine with the financial institution that I do business with, a local credit union, yet I have the most withering contempt for say MF Global who apparently under the glorious leadership of former NJ Governor Corzine apparently managed to misplace over a billion dollars of his depositors funds prior to imploding the firm.
In some respects it is a mistake to consider the largest financial institutions, (Goldman Sachs, Wells Fargo or any of the Primary Dealers) and the government as separate entities. Contempt for the government should not be seen to exclude them. Corzine is a particularly educational example: former Governor, former Goldman Sachs CEO, head of MF Global and best of all Obama's pick to follow Geithner as Treasury Secretary. It is a revolving door of corruption that infests both parties, Paulson is a fantastic example from the Republican side of the aisle.
Best of all no matter what happened at MF Global you can be certain no one will ever be prosecuted. It would be as if we expected the Justice Department to arrest its' own officers for malfeasance, a fantasy. After all, how many so far have been held to account for Fast and Furious?
Edited on Dec 24, 2011 at 10:22amOct '10
Re: Occupy K Street
I chose my bank over 20 years ago. The feral leviathan chose me and gave me no option of refusal. As for the O...
Mar '11
Re: Occupy K Street
Over the past several years, my search for a decent interest rate for my paltry savings led me to a number of large banks. I was very happy with the CD rates they paid, so score one for the private sector. I was also very happy to get my money back through the FDIC when three of them failed. Score one for the public sector. Call it a tie.
Dec '10
Re: Occupy K Street
Isn't there a federal regulation to prevent the misallocation of hate?
Jun '10
Re: Occupy K Street
Obama is a shrewd politician. From most of our perspectives he has shown no leadership in the intense financial problems facing our country. However, by allowing Reid and Pelosi to take the reigns, to many not paying attention he has kept himself above the fray. With the assistance of a left leaning media, Obama keeps himself blameless. Thus his approval ratings are much higher than they would otherwise be with a critical media. We are going to have a difficult time removing him, especially with our group of potential opponents.
Dec '11
Re: Occupy K Street
Wait, so these people who give me free money for the price of keeping tabs on my money are supposed to not be my friend.
Wait, I thought free money was good?
My wife has me chock full of christmas cheer rght now (gin).
Sep '10
Re: Occupy K Street
Actually, Rob, I like them all. They were offered jobs and they took them. There's no dishonor in that.
Merry Christmas, all!