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Historically High Number Of Americans Have ‘Hardly Any’ Confidence In The Banking Sector

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"Historically High Number Of Americans Have ‘Hardly Any’ Confidence In The Banking Sector"

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According to a Stanford University study, “from 2006 to 2010, the percentage of Americans with ‘hardly any’ confidence in banks and financial institutions increased from 13% to 42%, a 29 percentage point increase over four years (7.25 points per year) and a historic high.” Of course, this spike coincided with the bursting of the housing bubble, the 2008 Wall Street bailout, and the Great Recession that was caused, in large part, by Wall Street malfeasance. (HT: Pedro da Costa)

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