Sunday, April 22, 2012

Public Trust in Banking Declines Dramatically

According to a Gallup poll cited by The Atlantic (2012, April 20), public trust in banks, the US Congress, and the presidency, declined dramatically over the past decade. Between 2002 and 2011, public trust in banks declined by 24%, while trust in support of Congress and the presidency declined by 17% and 23%, respectively.

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Given these shifts, I have to wonder why the US Congress and presidency are always so eager to affiliate with banks. Let's face it, banking is somehow at the center of something bad happening in America today...

Source: Fournier, R & Quintin, S (2012, April 20), How Americans Lost Trust in Our Greatest Institutions, The Atlantic.

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