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VOL. 127 | NO. 144 | Wednesday, July 25, 2012

Survey: Fewer Than 1 in 4 Trust Financial System

The Associated Press

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A survey finds fewer than one in four Americans trust the financial system and that confidence in large banks is eroding.

The latest quarterly survey issued Tuesday by the Chicago Booth/Kellogg School says the 21 percent of respondents who said they trust the system is the lowest level since the school's March 2009 poll.

The results come nearly four years after the onset of the financial crisis that triggered the worst recession since the 1930s. The percentage of people who trust banks that operate across the U.S. fell to 23 percent from 25 percent in March. Trust in small community banks, on the other hand, rose to 55 percent from 51 percent, while confidence in credit unions rose to 63 percent from 58 percent.

The survey was conducted in June.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 301 17,656
MORTGAGES 101 347 22,998
FORECLOSURE NOTICES 38 76 4,504
BUILDING PERMITS 208 722 41,947
BANKRUPTCIES 61 237 16,629
BUSINESS LICENSES 11 61 5,762
UTILITY CONNECTIONS 60 256 25,125
MARRIAGE LICENSES 14 80 5,365

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