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Cato Podcast

Americans Distrust Wall Street and Its Regulators

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 19 September 2017

⏱️ 14 minutes

🧾️ Download transcript

Summary

Americans don't trust either financial firms associated with Wall Street or the regulators who are trying to control financial firms' activities. Thaya Brook Knight and Emily Ekins discuss the findings of a new Cato Institute survey.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Tuesday, September 19th, 2017.

0:08.0

I'm Caleb Brown.

0:09.0

Americans distrust financial regulators about as much as they distrust Wall Street.

0:14.0

That's one of the big takeaways from a new Cato Institute Financial Survey,

0:17.6

Wall Street versus the Regulators, out today at Cato.org.

0:21.6

Authors Emily Eekins and The brook night discuss the findings.

0:26.6

How do Americans feel about the financial industry and the people charged with making sure the financial industry is treating people well.

0:36.0

Well, our survey reflects and is consistent with what most surveys out there find that people are wary of Wall Street. But what our survey also found

0:45.6

was that people distrust the financial regulators charged with overseeing Wall Street

0:52.3

as much as they distrust Wall Street as much as they just trust Wall Street itself.

0:54.7

So people don't really trust either Wall Street or the Wall Street regulators.

1:01.1

And Wall Street is just this term that is thrown around.

1:04.8

I heard, I think, Sharon Brown on the radio recently talking about how Republicans

1:10.6

always sighed with Wall Street. And it's like, well, what does Wall Street mean?

1:15.0

Is it a guy?

1:16.0

He seems mean.

1:17.0

Yeah, I think this might go to some of the results that we got,

1:21.0

which was that when you talk about Wall Street in general

1:23.8

people tend to have a negative feeling toward that but when we talk about the financial

1:28.0

industry you know there is Wall Street and there's Wall Street itself and there are

1:31.9

the institutions that are there.

1:36.0

But there's also the broader financial industry and there are people who are part of this,

...

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