WaPO/ABC Poll: Strong Support for Strict Wall Street Reforms

[Joanne98]

With the first procedural vote on financial reform pending this afternoon, this survey has to be looming over Republicans.

About two-thirds of Americans support stricter regulations on the way banks and other financial institutions conduct their business, according to a new Washington Post-ABC News poll.

Majorities also back two main components of legislation congressional Democrats plan to bring to a vote in the Senate this week: greater federal oversight of consumer loans and a company-paid fund that would cover the costs of dismantling failed firms that put the broader economy at risk.

A third pillar of the reform effort draws a more even split: 43 percent support federal regulation of the derivatives market; 41 percent are opposed. Nearly one in five - 17 percent - express no opinion on this complicated topic.....

The area with the highest levels of cross-party support is on more robust federal oversight of the way banks and other financial companies make consumer loans, such as auto loans, credit cards and mortgages. Here, 44 percent of Republicans approve of stricter guidelines, joining 75 percent of Democrats and 57 percent of independents on the issue.

http://www.dailykos.com/storyonly/2010/4/26/860853/-WaPO-ABC-Poll:-Strong-Support-for-Strict-Wall-Street-Reforms

[saltpoint]

1. If they called out for lunch and the whole chamber wanted tuna fish, McConnell

and his gang would order sausage pizza.

The Republicans are evidently having fun obstructing. Let's see if they are crowing quite as loudly in the coming months. I say the upcoming midterms are still quite volatile.