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To: OldDeckHand

Stoessel should review a little US history particularly the era of “Wildcat” banking after Jackson destroyed the Second Bank of the United States.


11 posted on 03/22/2011 10:44:07 AM PDT by arrogantsob
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To: arrogantsob
...“Wildcat” banking'...

The wildcat banking problem took care of itself. Or rather, the market took care of it. Review the history of Suffolk Bank, which served as a private bank note clearing house and effectively cleaned up the New England banking industry.

20 posted on 03/22/2011 10:54:37 AM PDT by SeeSharp
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