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First U.S. Bank Regulations May Look Strikingly Familiar

By Patrick (401/401 = 100% civil)   2013 Feb 26, 10:11am   ↑ like   ↓ dislike   211 views   0 comments   watch (0)   share   quote  

http://www.bloomberg.com/news/2013-02-25/first-u-s-bank-regulations-may-look-strikingly-familiar.html

One hundred fifty years ago, the U.S. was two years into a brutal Civil War. The financial cost left the federal government under enormous stress, leading to a result no one had imagined: the first modern system of bank regulation. Before Congress passed An Act to Provide a National Currency on Feb. 25, 1863, government oversight of banking had been quite crude.

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