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"Gentlemen, I have had men watching you for a long time, and I am convinced
that you have used the funds of the bank to speculate in the breadstuffs of
the country. When you won, you divided the profits amongst you, and when
you lost, you charged it to the bank. You tell me that if I take the
deposits from the bank and annul its charter, I shall ruin ten thousand
families. That may be true, gentlemen, but that is your sin! Should I let
you go on, you will ruin fifty thousand families, and that would be my sin!
You are a den of vipers and thieves. I intend to rout you out, and by the
eternal God, I will rout you out."
Andrew Jackson
to a delegation of bankers - 1832
Apparently, times have not changed all that much. I have been stewing about the "bail out" situation for quite some time, and after reading an article by Chuck Baldwin, I decided to blog so that the 2 people that actually read it could comment and commiserate with me.
I'm...
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