Wildcat bank: Difference between revisions
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The term '''wildcat bank''' refers to a particularly unsound and risky [[bank]] chartered under state law in the [[United States]]. They flourished after the national bank was decommissioned. Someone would start a bank in a small town, and when they |
The term '''wildcat bank''' refers to a particularly unsound and risky [[bank]] chartered under state law in the [[United States]]. They flourished after the national bank was decommissioned. Someone would start a bank in a small town, and when they acquired enough assets, they would up and leave town with the townsfolks money. |
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Revision as of 21:56, 8 December 2005
The term wildcat bank refers to a particularly unsound and risky bank chartered under state law in the United States. They flourished after the national bank was decommissioned. Someone would start a bank in a small town, and when they acquired enough assets, they would up and leave town with the townsfolks money.
  | This article relating to the history of the United States is a stub. You can help Wikipedia by expanding it. |