Academic journal article AEI Paper & Studies

The Ethics of Wall Street

Academic journal article AEI Paper & Studies

The Ethics of Wall Street

Article excerpt

Negative views about the morality of those who work on Wall Street are long-standing, but the public soured on them even more during the financial crisis. Not only were the ethics of people on Wall Street troubling, but people were also deeply concerned about Wall Street's ability to cause another financial meltdown.

Q: Do you think that executives at large Wall Street banks share the same fundamental American values as you, or do these managers have a different set of values?

Executives at large Wall Street banks share
the same fundamental American values as you   17%
Have a different set of values                79

Source: The Atlantic/Aspen Institute, May-June 2012.

Note: This table is made from bar graph

Q: Please tell me if you agree or disagree with the following statements about Wall Street . . .

In general, people on Wall Street are as honest and moral as other
people

1996   43%
2009   26
2012   28

Source: Harris Interactive, latest that of April 2012.

Note: This table is made from bar graph.

Q: For each statement, please tell me if you... ?

Agree, Wall Street makes an important
contribution to the American economy

Completely agree      17%
Mostly agree          46
Mostly disagree       20
Completely disagree   8

Agree, Wall Street only cares about
making money for itself

Completely agree      28%
Mostly agree          39
Mostly disagree       21
Completely disagree   6

Source: Pew Research Center, March-April 2009. … 
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