CBS News/New York Times Poll For release: Wednesday September 25, 2013 6:30 PM ET

The Financial Bailout Five Years Later Sept. 19-23, 2013 As the five year anniversary of the 2008 government bailout of financial firms approaches, 59% of Americans still disapprove of the action. Republicans (74%) and Tea Party backers (71%) remain especially critical of the bailout. Americans overwhelmingly (79%) say more bankers should have been prosecuted for the events that led to the financial crisis, and most fear that another crisis will happen someday.

Next week marks five years since the federal government bailout of the financial industry formally, the Troubled Asset Relief Program - was passed amid the 2008 financial collapse. Looking back on it now, a majority of Americans still disapproves of government money having been used to rescue banks and financial firms. Looking Back: Approve or Disapprove of the 2008 Bailout Approve 35% Disapprove 59 At the time, Americans were also opposed; just three in ten in an early-October 2008 poll approved of the relief package after it was passed. Americans doubted it would be effective, though many economists have called it necessary under the circumstances. The measures were passed by Congress and signed into law by then-President George W. Bush. Todays Republicans and Tea party supporters, in particular, disapprove in retrospect, while Democrats are more mixed. Looking Back: Approve or Disapprove of the 2008 Bailout All Reps Dems Inds TeaParty supporters Approve 35% 18% 50% 33% 24% Disapprove 59 74 43 62 71 Looking back on 2008, Americans widely believe that more bankers and financial executives should have been prosecuted following the collapse. Should More Financial Executives Have Been Prosecuted After Collapse? Yes 79% No 9 The 2008 crisis wasnt the first in U.S. history, and Americans expect there will be yet another banking crisis someday: almost eight in ten think this is likely. 1

Likelihood of Another Banking Crisis Very likely 39% Somewhat likely 40 Not very/not at all likely 18 Today, Americans voice mixed confidence in another key economic institution, the Federal Reserve, and its ability to promote growth. Just under one-third express confidence in it, 38% have not much or no confidence, and another three in 10 dont know enough about it to say. Confidence in the Federal Reserves Ability to Promote Growth A lot/some 32% Not much/none 38 Dont know enough 30 _________________________________________________________________________
This poll was conducted by telephone from September 19-23, 2013 among 1,014 adults nationwide. Data collection was conducted on behalf of CBS News/The New York Times by Social Science Research Solutions of Media, PA. Phone numbers were dialed from samples of both standard land-line and cell phones. The error due to sampling for results based on the entire sample could be plus or minus three percentage points. The error for subgroups may be higher. Interviews were conducted in English and Spanish. This poll release conforms to the Standards of Disclosure of the National Council on Public Polls.

CBS NEWS/NEW YORK TIMES POLL The 2008 Financial Bailout September 19-23, 2013 Q15. How much confidence do you have in the Federal Reserve's ability to promote economic growth--a lot, some, not much, or none at all, or don't you know enough about the Federal Reserve to say? * TOTAL RESPONDENTS * Total Rep Dem Ind % % % % 5 2 9 4 27 19 37 24 25 36 16 25 13 17 5 16 30 24 32 31 1 1 * Jul13b % 5 23 20 11 39 * 2

A lot Some Not much None Don't know enough Don't know/No answer

Q24. Looking back now on the 2008 financial collapse, do you approve or disapprove of the government providing money in 2008 to banks and financial institutions who were in financial trouble? Approve Disapprove Don't know/No answer 35 59 18 74 6 50 43 8 33 62 7

Q26. Do you think that enough bankers and employees of financial institutions were prosecuted for their role in the financial crisis of 2008, or should more have been prosecuted? Enough prosecutions More prosecuted Don't know/No answer 79 9 77 12 13 79 11 8 81 13 8 12

Q27. How likely do you think it is that the country will experience another crisis involving banks and financial institutions similar to the one that occurred in 2008--very likely, somewhat likely, not very likely, or not at all likely? Very likely Somewhat likely Not very likely Not at all likely Don't know/No answer Total Respondents Total Republicans Total Democrats Total Independents 39 40 39 43 14 4 3 30 45 13 4 1 45 35 16 6 3

14 3 3

UNWEIGHTED 1,014 260 341 413 249 323 442

WEIGHTED