Thu. Nov 21st, 2024

CT - The 2nd Bank of the United States

CT - The 2nd Bank of the United States

There once came a time when the economic situation was chaotic. A long war had drained national resources and there was an overabundance of land and property available for speculative deals. To that end, numerous banks began making speculative loans backed up by literally nothing. The overextension of easy credit along with a declining prices of non-land goods was causing a great deal of concern. And when the crap hit the fan, all hell broke loose.
Banks panicked and began calling in loans and foreclosing on the properties.
And then the politicians got involved....

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