Majority of Voters Oppose FDIC Making Exceptions to Bail Out Big Depositors During Banking Crisis
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(Austin, TX—April 11, 2023) Convention of States Action, in partnership with The Trafalgar Group—one of America’s most accurate pollsters—is releasing the results of a new national survey. Results were from surveys conducted March 20th through March 22nd of over 1,000 likely general election voters.
“Washington, DC elites think voters are ill-informed and don’t pay attention, and as usual they are wrong. Voters are laser-focused on the bank bailouts. They understand that Biden’s litany of foolish economic policies have created this crisis, and they also understand the unlimited bank bailouts are making a bad situation worse,” said Mark Meckler, President of the Convention of States. “When seventy percent tell us that they do not want the FDIC going over $250,000, that’s as clear as it can be. The unlimited spending has to stop, which is exactly why we support the Convention of States proposal which would compel Washington to pass a balanced budget every year and live within its means like the rest of us have to do.”
For complete details on the poll, including graphics, please visit:
https://www.thetrafalgargroup.
KEY INSIGHT: 70 Percent of American Voters Say FDIC Should not Use its Own Funds to Bailout Big Bank Depositors Beyond Established Limit:
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70.1 percent of voters say the FDIC should not use its own reserve funds to pay some depositors millions of dollars when they were only insured for the standard $250,000 limit.
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16.8 percent of voters say the FDIC should use its own reserve funds to pay some depositors millions of dollars when they were only insured for the standard $250,000 limit.
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13.1 percent are not sure.
KEY INSIGHT: Bipartisan Opposition to FDIC Playing Favorites for Big Depositors During Bank Crisis:
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69.7 percent of Independent voters say the FDIC should not use its own reserve funds to pay some depositors millions of dollars when they were only insured for the standard $250,000 limit. 18.2 percent say FDIC should use its own reserve and 12.1 percent are not sure.
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51.4 percent of Democratic voters say the FDIC should not use its own reserve funds to pay some depositors millions of dollars when they were only insured for the standard $250,000 limit. 26.2 percent say FDIC should use its own reserve and 22.4 percent are not sure.
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85.3 percent of Republican voters say the FDIC should not use its own reserve funds to pay some depositors millions of dollars when they were only insured for the standard $250,000 limit. 8.1 percent say FDIC should use its own reserve and 6.6 percent are not sure.