Tuesday, March 18, 2008

Banks America


BANKS OF AMERICA-Federal Reserve Bank KILLING America PT 1
out of nothing and then collects interest on the backs of taxpayers for doing so. This series is taken from the great movie by Aaron Russo called "AMERICA


This is Citigroup
4 TVC...citigroup


MoneyWatch (CBS News)
JP Morgan Chase buys its one-time competitor Bear Stearns for just $236 million causing investors to worry that the credit crisis could spread. Alison Harmelin reports.


Wachovia Commercial
anybody look familiar?...wachovia


HSBC commercial, family member
view? HSBC ad about the human relationship with pets...hsbc family member mascota perro anuncio miembro familia What's your point view human pet ad commercial spot


Deutsche Bank
Deutsche Bank...Deutsche Bank


US Bancorp Stock USB NYSE BANKING Regional Midwest Banks
US Bancorp Stock USB NYSE BANKING Regional Midwest Banks...US Bancorp Stock USB NYSE BANKING Regional Midwest Banks


Washington Mutual Offers WaMu Free Checking
ManagingMoney.com discusses the new Washington Mutual WaMu Free Checking TM Account....money bank savings investment investing washington mutual wamu managingmoney.com
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Banking in the United States

United States Banking began in 1781 with an act of United States Congress that established the Bank of North America in Philadelphia. During the American Revolutionary War, the Bank of North America was given a monopoly on currency; prior to this time, private banks printed their own bank notes, backed by deposits of gold and/or silver.
Robert Morris, the first Superintendent of Finance appointed under the Articles of Confederation, proposed the Bank of North America as a commercial bank that would act as fiscal agent for the government. The monopoly was seen as necessary because previous attempts to finance the Revolutionary War with paper currency had failed; after the war, a number of banks were chartered by the states under the Articles of Confederation, including the Bank of New York and the Bank of Massachusetts, both of which were chartered in 1784.
The Bank of North America was succeeded by the First Bank of the United States, which the United States Congress chartered in 1791 under Article One, Section 8 of the United States Constitution, after the Constitution replaced the Articles of Confederation as the foundation of American government. However, Congress failed to renew the charter for the Bank of the United States, which expired in 1811. Similarly, the Second Bank of the United States was chartered in 1816 and shuttered in 1836.