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The Democratic Strategist

Political Strategy for a Permanent Democratic Majority

TDS Co-Editor Ruy Teixeira Cites Strong Support for Bank Regulation

In this week’s ‘Public Opinion Snapshot’ at the Center for American Progress web pages, TDS Co-Editor Ruy Teixeira has some bad news for JP Morgan CEO Jamie Dimon, who has been whining about the Obama administration’s proposal to help prevent future financial crises by strengthening regulation of the financial sector. As Teixeira explains:

The public by an overwhelming 77-15 margin said in an early March ABC poll that banks have not yet done enough to make amends for their role in the financial crisis. The same poll asked the public whether banks and other financial institutions owe it to the country to help Americans struggling with the economy. Once again, an overwhelming majority (69-26) said it is banks’ responsibility to help out.

Clearly, stronger financial sector regulation is a great issue for the Administration, and one which could give Dems another important legislative victory, while making dissenting Republicans look like apologists for the worst practices of the banking/financial industry.

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