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Most in US oppose Obama's banking rescue: poll
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More than half of Americans want President Barack Obama's administration to pull the plug on troubled banks without extending any more bailout money, a poll said Tuesday.

Signaling opposition to Obama's one-trillion-dollar plan to buy up banks' toxic assets, 51 percent of respondents in the Zogby poll said there should be no more federal funds even if that means banks going out of business.

Just six percent said bailout money should continue while the administration buys up the banks' problem assets, while 32 percent said the government should temporarily nationalize banks on the verge of collapse.

"Bailing out banks could hardly be any more unpopular," pollster John Zogby said, after Treasury Secretary Timothy Geithner unveiled the new banking rescue a week ago.

But Zogby added: "It is notable that one-third prefers nationalizing some banks, showing a base of support for the idea should the Obama administration choose that route and try to sell it to the public."

Rating Obama himself, 38 percent in the poll said the president's actions on the crisis-hit US economy had been "just about right."

Thirty-two percent agreed with Republican criticism that the Democratic president was trying to force too much change, and 10 percent said he was being too timid.

The Zogby Interactive poll of 4,112 adults was conducted from March 25 to 27, and has a margin of error of 1.6 percentage points.


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