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Amid movement in Washington to enact tighter regulation of financial companies, recent surveys offer a warning to executives in that sector: Don’t bank on public support for your industry.
One underlying reason for this is reflected in a Rasmussen Reports poll conducted last week: a majority of respondents said they’re “not very confident” (43 percent) or “not at all confident” (11 percent) about “the stability of the U.S. banking industry today.” On a more personal level, one-third said they’re either “very worried” (8 percent) or “somewhat worried” (24 percent) that money they’ve deposited “will be lost due to a bank failure.”
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