> Until the end of the U.S. Civil War, there wasn't any federal bank regulation. (Congress tried, but they couldn't agree on anything after the charter for the

> Until the end of the U.S. Civil War, there wasn't any federal bank regulation. (Congress tried, but they couldn't agree on anything after the charter for the United States' national bank expired in 1836; we didn't have a central bank again until 1913.) I should have known it would come down to 1836. Andrew Jackson infamously said "The bank is trying to kill me, but I will kill it", when he vetoed the charter. Jackson, an incorrigible proponent of "states' rights", opposed it on the basis of his belief that a federal institution such as the Bank trampled on states' rights. He also hated banks generally for personal reasons that might sound familiar in the recent world of financial instruments.