“Taking equity stakes in banks ‘is something that is on the table,’ says Scott Talbott, senior vice president of government affairs at the Financial Services Roundtable. ‘It would be an extraordinary measure for an extraordinary time’” (U.S. News & World Report). This isn’t the first time the federal government has gotten involved with a banks. The bad seed was planted with the First Bank of the United States (1791-1811), proposed by Alexander Hamilton (see Tom DiLorenzo’s new book). The bad seed was replanted with the Second Bank of the United States (1816-1836). This second bank was the subject of McCulloch … Continue reading Bad Seed