Wednesday, November 19, 2008

Come now, you gentlemen...



"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 bread-stuffs 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

the seventh President of the United States, addressing a delegate of bankers in 1832