Friday, April 6, 2012
Banks Too Corrupt to Fail
Never in any dream have I imagined stating this: "I finally have sympathy for Andrew Jackson's War on Biddle's Bank fo the United States." Take these f*ckers OUT. Now.
"Bank of America: Too Crooked to Fail" by Matt Taibbi in Rolling Stone. I just listened to a half hour segment with him and an interviewer on the subject. If you don't angry you are a lot different from me. You can read it all online here.
If you are unfamiliar with the reference to Jackson, Biddle and Bank, you can find out here. As he was with Indian removal and the acquistion of the Floridas, Texas and Mexico, Jackson was obsessed with taking out the Bank of the United States, going back to the days of early manhood. He succeeded in all these goals, except that Texas came in only (shortly) after he died, and though the U.S. never officially annexed Mexico, it did officially get a huge amount of its territiory after the Mexican-American War (territory that, I am obsessively forced to observe was expected by the South to become slave states).
Jackson did take out the bank of the United States, and with his determination to get rid of currency, and the corruption of what was called his pet state banks, plunged the country into an economic disaster larger and more prolonged than any heretofore experienced. Which says a great deal since the U.S. was already long into its national repetitive cycles of boom and bust.