New Polling Shows That Millions of Americans Really Hate Wall Street

Homepage | Forums | Main Forums | General Discussion | New Polling Shows That Millions of Americans Really Hate Wall Street

Viewing 12 reply threads
  • Author
    Posts
    • #401956
      eridani
      Participant
      • Total Posts: 9,978

      In other news, water is wet, and babies, kittens and puppies are cute.

      https://readersupportednews.org/opinion2/277-75/67713-new-polling-shows-that-millions-of-americans-really-hate-wall-street

      Nevertheless, a new survey suggests it has become a very real lightning rod for anti–Wall Street sentiment. In her introduction to the study, Morning Consult reporter Claire Williams was unequivocal: “One of the biggest takeaways of the GameStop Corp. market mayhem so far, according to new Morning Consult polling, is that Wall Street remains the public’s top villain.”

      Overall, some 64 percent believe “the stock market is rigged against amateur investors in favor of large, professional investors.” Hedge funds — investment pools that were at the center of the recent GameStop drama — received the greatest hostility overall, with half of respondents agreeing they are under-regulated. The figure for Wall Street as a whole, meanwhile, was 45 percent: an increase of 5 percent from a Consult poll conducted in November 2018, which suggests Wall Street elicits even more generalized dislike than big tech, health insurance companies, or big oil.

      Though most of the public probably isn’t up on the finer points of the stock market and its sometimes impenetrable machinations, the GameStop affair suggests that millions of Americans correctly recognize Wall Street as an institution apart from the lives of most ordinary people. The ongoing pandemic may be contributing as well — the astonishing boom enjoyed by major corporations and financial firms amid widespread poverty and unemployment highlighting yet again just how severed from the country at large Wall Street prosperity really is.

      With Bernie Sanders’s presidential ambitions defeated, the prospect of a concerted political offensive against Wall Street over the next few years is probably slim. But the GameStop controversy, which in a few weeks’ time may well be forgotten, nonetheless underscores the deep resentment held by millions of Americans toward the rigged game of big finance — and the astonishing democratic potential that might still be seized upon by any politician who actually wants to get tough on the gangsters who run the casino.

      New Polling Shows That Millions of Americans Really Hate Wall Street

      In other news, water is wet, and babies, kittens and puppies are cute.

      https://readersupportednews.org/opinion2/277-75/67713-new-polling-shows-that-millions-of-americans-really-hate-wall-street

      Nevertheless, a new survey suggests it has become a very real lightning rod for anti–Wall Street sentiment. In her introduction to the study, Morning Consult reporter Claire Williams was unequivocal: “One of the biggest takeaways of the GameStop Corp. market mayhem so far, according to new Morning Consult polling, is that Wall Street remains the public’s top villain.”

      Overall, some 64 percent believe “the stock market is rigged against amateur investors in favor of large, professional investors.” Hedge funds — investment pools that were at the center of the recent GameStop drama — received the greatest hostility overall, with half of respondents agreeing they are under-regulated. The figure for Wall Street as a whole, meanwhile, was 45 percent: an increase of 5 percent from a Consult poll conducted in November 2018, which suggests Wall Street elicits even more generalized dislike than big tech, health insurance companies, or big oil.

      Though most of the public probably isn’t up on the finer points of the stock market and its sometimes impenetrable machinations, the GameStop affair suggests that millions of Americans correctly recognize Wall Street as an institution apart from the lives of most ordinary people. The ongoing pandemic may be contributing as well — the astonishing boom enjoyed by major corporations and financial firms amid widespread poverty and unemployment highlighting yet again just how severed from the country at large Wall Street prosperity really is.

      With Bernie Sanders’s presidential ambitions defeated, the prospect of a concerted political offensive against Wall Street over the next few years is probably slim. But the GameStop controversy, which in a few weeks’ time may well be forgotten, nonetheless underscores the deep resentment held by millions of Americans toward the rigged game of big finance — and the astonishing democratic potential that might still be seized upon by any politician who actually wants to get tough on the gangsters who run the casino.

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #401975
      Enthusiast
      Participant
      • Total Posts: 5,136

      Now if millions of Americans can just start to recognize the danger of right wing extremists.

      I would like to remind you that U.S. health insurance companies do not contribute anything to health care. They are only a PARASITIC middle man receiving an undeserved cut of "FREE MONEY".

      Me

    • #401981
      ThouArtThat
      Participant
      • Total Posts: 4,544

      @eridani

      Hi eridani,

      Sadly, the general public still appears clueless regarding the real villains in America:  Oligarchs, Corporations and Banks.  Those behind the scene manipulators that make Wall Street possible and perpetrate the deception Wall Street speculation is beneficial to main street.  And with democrats and republicans regularly collaborating to bail out their donors (Oligarchs, Corporations and Banks), nothing will change until the American people decide to constitute a new government.  Otherwise, the cancer of corruption will continue metastasizing as the country, once known as America, slips beneath the waves.

      TAT

      “Those who make peaceful revolution impossible will make violent revolution inevitable."
      - John F. Kennedy

      "The further a society drifts from the truth the more it will hate those who speak it."
      - George Orwell

      "It is no measure of health to be well adjusted to a profoundly sick society."
      - Jiddu Krishnamurti

      "Sometimes a pessimist is only an optimist with extra information."
      - Idries Shah

      "A riot is the language of the unheard."
      - Martin Luther King

    • #401990
      jwirr
      Participant
      • Total Posts: 1,917

      We do not have to be up on the finer points of Wall Street traders (or is it traitors?) to know they do not work for us.

      jwirr

    • #401991
      jwirr
      Participant
      • Total Posts: 1,917

      Oops.

      jwirr

    • #401997
      incognito
      Participant
      • Total Posts: 4,574

      That single trade pulled the curtain back to reveal the corruption and opened MILLIONS of minds. Now people know who’s fucking this country up. They know who destroyed our economy in 2007/2008 and who stole people’s homes, pensions and jobs. And they now know our politicians are complicit by being bought and paid for by the very people who destroyed their family’s life.

      Personally, I would love to see a GameStop type trade done weekly by Redditors. Bring every hedge fund to its knees. The bastards need to pay.

    • #401998
      MizzGrizz
      Participant
      • Total Posts: 3,526

      ..but they were really barking up the wrong tree if they expected Joe Biden to solve it.

    • #402036
      djean111
      Participant
      • Total Posts: 6,439

      about what the American people think.  Or want. Or anything, really.

      America is not a country, it's just a business. (Brad Pitt, Killing Them Softly)

      Everything I post is just my opinion, and, honestly, I would love to be wrong.

    • #402173
      mrdmk
      Participant
      • Total Posts: 3,586

      After the GameStop affair, Wall Street just cemented themselves into looking up to see bottom status. Idiots.

      If you cannot dazzle them with brilliance, baffle them with bullshit WC Fields

      Warning DO NOT CLICK HERE!
    • #402209
      Babel 17
      Participant
      • Total Posts: 5,320

      They hate Wall Street more in the abstract, and not as much for what it does.

      Say, what do Americans in debt think of their credit card companies? How many of them voted for Biden in the primaries?

    • #402222
      jerry611
      Participant
      • Total Posts: 1,306

      Not much will change since so much of the middle class’s little wealth they have is invested in the markets. Wall Street holds our 401k’s and retirement nest eggs. Real estate relies heavily on the banking system. A lot of the middle class has money tied into real estate.

      Although people hate it….they have no other option but to put with it. Otherwise they lose everything.

    • #402246
      doh1304
      Participant
      • Total Posts: 1,673

      Most of our wealth is in 401ks and real estate, so most of us are fooled into believing that if the stock market goes up it’s good for us and if land values go up we are wealthier. It’s all an illusion.  Actually you can’t eat .03 shares of Bozo Beef Flavored Cardboard and nothing is more at risk than a heavily mortgaged condo

    • #402298
      Rehrucken
      Participant
      • Total Posts: 3

      The darkest years of my life were spent working in the financial markets. I had never before encountered such a mass of greedy, ruthless, cruel humans.  Unfortunately the financial thugs have got liquidity sewn up.  Also it’s the guaranteed road to riches for all the elected ones.  I never understood how insider trading could send you or I to jail but is legal and lucrative for Congress people??

Viewing 12 reply threads
  • You must be logged in to reply to this topic.