Tuesday, March 3, 2009

Americans Oppose Nationalization - Even of At-Risk Banks

Only 29% of Americans believe the federal government should nationalize some banks that are at risk of going out of business, according to a new Rasmussen Reports national telephone survey.

Fifty-one percent (51%) oppose nationalization even of troubled mega-banks like Citigroup which is now proposing the government take a 40-percent share of its business. Twenty percent (20%) are not sure which is the better course to follow.
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Investors are slightly more adamant. Fifty-five percent (55%) oppose nationalization even of at-risk banks, while 28% favor the idea.

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