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Matt Grove

Matt Grove
Bagel Grove
Utica, NY

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Our Research: Financial Reform

 

Opinion Poll: Small Businesses Support Strong Accountability for Financial Industry


Publisher
: Small Business Majority
Published: January 29, 2013

 

Small businesses are working hard to move their companies, and our economy, beyond the recession. As much as they’ve already accomplished to lift employment levels, these entrepreneurs are not immune to the lingering effects of our disrupted financial market, and they want smart steps taken to address their needs. Contrary to the mantra that slackening Wall Street’s reins will bring economic growth, four out of five small business owners believe Wall Street should be held accountable for the practices that caused the financial crisis, through tougher rules and enforcement. Considering the oft-politicized nature of this topic, it’s noteworthy this was a majority Republican sample.

Given that such a strong majority of entrepreneurs—including 71% of Republican small business owners—believe Wall Street must be held accountable with tougher regulations, attitudes on this issue do not depend on party affiliation. It’s an issue that affects small business owners’ bottom lines, plain and simple. And that impacts their capacity to grow and hire. That’s why a two-thirds majority agrees that in general, the current degree to which government oversees financial companies—including new rules Wall Street must follow under the 2010 Dodd Frank Act—should either be strengthened, or be implemented as they are. Only one-third believes the level of regulation should decrease.

 
Main Findings

 

Downloads: Small Businesses Support Strong Accountability for Financial Industry
Full report: Small Businesses Support Strong Accountability for Financial Industry
FULL REPORT
Press release: Small Businesses Support Strong Accountability for Financial Industry
PRESS RELEASE

 

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