The Wall Street bailout plan gets mixed reviews from a survey of financial analysts.
Conducted by the Chartered Financial Analyst Institute, the survey of 4,650 of its members showed that 39 percent said the bailout plan was “reasonable and necessary.” Another 34 percent were opposed to the $700 billion proposal because it was excessive or that taxpayers should be held liable for the mistakes of the financial sector. Another 19 percent believe the plan does not go far enough.
The Institute has 96,500 members worldwide and 83,000 charter holders who have been vetted by CFA testing.
Jeff Diermeier, CEO and president of the organization, said in a release that his group does not support emergency rules by the U.S. Securities & Exchange Commission to ban short-selling stocks but opposes other methods that manipulate markets.
Resolution of the bailout appears possible by Friday despite widely varying opinions about it.
