American Lose Faith in Pretty Much All Big Organizations, Especially Banks and Corporations « naked capitalism

From the Financial Times and Naked Capitalism Just 46 per cent of Americans last year said they trusted business, down eight points from 2009, according to research by Edelman, a communications consultancy, which will be presented on Wednesday. Global trust in business was up two points to 56 per cent, by contrast. The US decline has been driven by a backlash against bankers and their bonuses, with the number of Americans who trust US banks dropping to a low of 25 per cent, down from 33 per cent a year ago and 71 per cent before the financial crisis. To quote the famous prognosticator Bill Clinton, “It’s the economy, stupid.” But no one trust banks much, but we Americans have a better view of them than our peers in the UK and Ireland. So I guess all that Team Obama bank PR really has had an impact on poll readings. I’m sure their masters at Davos will be happy to see what a good return they have gotten on their investment. Take link below to read the full story. American Lose Faith in Pretty Much All Big Organizations, Especially Banks and Corporations American Lose Faith in Pretty Much All Big Organizations, Especially Banks and Corporations « naked capitalism