Only Congress Has a Worse Reputation Than Banks

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In a recent poll by American Banker, financial institutions scored second to last in industry reputation. Who could possibly be worse? Congress. For banks, this is not good.

In many ways the financial industry let down the American public leading up to and through the financial crisis. Greed overwhelmed prudence and gave way to the systemic near-collapse we are all now familiar with. Things only got worse as the crisis progressed and then abated, with bad behavior becoming the expectation for banks, which now seem to be constantly on the defensive. 

In the video below, Motley Fool contributor Jay Jenkins discusses the survey's results and its implications for the largest U.S. banks like Wells Fargo , Bank of America , and JPMorgan Chase .

Many investors are terrified about investing in big banking stocks after the crash, but the sector has one notable stand-out. In a sea of mismanaged and dangerous peers, it rises above as "The Only Big Bank Built to Last." You can uncover the top pick that Warren Buffett loves in The Motley Fool's new report. It's free, so click here to access it now.

The article Only Congress Has a Worse Reputation Than Banks originally appeared on

Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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