Friday Roundup: Only 26% of Americans trust financial institutions

“It’s a good thing the American financial system doesn’t have to run for election.” Ain’t that the truth.

MSNBC reports that just 26% of Americans trust the financial system. Surprisingly, this is good news for big banks and financial institutions; its up from 20% since January 2009.

Big corporations fared the worst, with only 14% of Americans saying they trust major businesses. The stock market is also low on the trust index, with only 16% of Americans saying they trust it. Banks, on the bright side, had the biggest percentage gain in trust this year, up to 43%.

The survey itself, compiled by the University of Chicago and Northwestern University, aims to capture “the amount of trust Americans have in the institutions they can invest their money”. Would you say you trust the financial system?

TGIF! Happy Friday, and we’re sending you soaring into the weekend with some great picks from around the news and blogosphere, such as The 5 states where housing will recover first and It’s Not Magic: You Too Can Trade Up A Paper Clip to a House. Enjoy the reading, and have a fantastic weekend everyone!

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