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In 1816 Congress established the second Federal Bank. But, President Jackson, overriding Congress, closed it in 1836 commenting,
"The bold effort the present bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."
Andrew Jackson (more quotes by Andrew Jackson or books by/about Andrew Jackson)
(1767-1845) 7th US President
To Congress in 1836, Jackson closed the second Federal Bank (est. 1816) with these comments
Fed, Money, Oppression, Banking, America, President