Bail out construction, not banks: Survey

Most Americans and Europeans would rather see the construction companies bailed out than the banks or car manufacturers, according to a recent survey conducted by the Financial Times of London and Harris Poll.
MAR 18, 2009
By  Bloomberg
Most Americans and Europeans would rather see the construction companies bailed out than the banks or car manufacturers, according to a recent survey conducted by the Financial Times of London and Harris Poll. The online survey was conducted between Feb. 25 and March 3 by Harris Interactive Inc. of Rochester, N.Y., and involved 6,538 adults in France, Germany, Great Britain, Spain and the United States. The majority of those surveyed opposed government bailouts of banks, insurance companies and car manufacturers. But the majorities in several countries said they supported government bailouts of the construction industry, with 51% of respondents in the United States in support, 56% in Britain, 65% in France and 55% in Germany. Financial services companies and automakers did not receive that support. In the United States, 65% of respondents said they opposed the bailout of banks, 77% said they opposed the bailout of insurance companies, and 69% were opposed to helping automobile manufacturers. Similarly, 77% of respondents from France opposed helping banks, 88% opposed bailouts for insurance companies, and 58% said they opposed aiding automobile manufacturers.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave