Majority of Voters Oppose FDIC Making Exceptions to Bail Out Big Depositors During Banking Crisis

(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.org/uncategorized/nat-issues-fdic-0323/

KEY INSIGHT: 70 Percent of American Voters Say FDIC Should not Use its Own Funds to Bailout Big Bank Depositors Beyond Established Limit:

• 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.

• 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.

• 13.1 percent are not sure.

KEY INSIGHT: Bipartisan Opposition to FDIC Playing Favorites for Big Depositors During Bank Crisis:

• 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.

• 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.

• 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.