58% Still Want Big Banks Broken Up

Ten years after the collapse of Lehman Brothers triggered a global financial crisis, 58% of voters nationwide still want to break up the nation’s biggest banks. A ScottRasmussen.com survey shows that the total includes 62% of Democrats, 62% of Independents, and 51% of Republicans.

Forty-six percent (46%) believe that the failure of a large bank today would once again trigger a financial crisis. Just 19% are confident that will not happen. Thirty-five percent (35%) are not sure (see question wording and crosstabs).

Fifty-two percent (52%) believe the United States would be better off with a larger number of small banks. Just 18% prefer a smaller number of large banks.

This national survey of 999 Registered Voters was conducted September 11-12, 2018 for ScottRasmussen.com by HarrisX, a leading research company specializing in online surveys (see Methodology and a demographic profile of our sample).

As the financial crisis unfolded, questions were raised as to whether free market economics could–or should–survive. Ten years later, however, 77% have a favorable opinion of free market economies. Sixty-four percent (64%) say the same about capitalism.

While confidence in free-markets has rebounded since the crisis, trust in government has not. Just 18% trust the federal government to do the right thing most of the time. Given that reality, it ‘s not surprising that 69% of voters prefer a free market economy over a government managed economy. Such a view is also consistent with America’s deep cultural commitment to individual freedom. In fact, 64% believe freedom is more important than democracy.

Since the financial crisis, many observers have noted the growing popularity of Socialism. Last month, we found that 42% held at least a somewhat favorable opinion of socialism. However, what voters have in mind is far different than the traditional and historic definition of that ideology.

The same is true with support for a Universal Basic Income. While the concept polls well on a surface level, Americans still believe that anyone who is able to work and support themselves should be required to do so.

Neither Scott Rasmussen nor ScottRasmussen.com has any relationship with Rasmussen Reports® (see About Us).

Posted in Poll Results

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