1816

The American Congress passes a bill permitting yet another privately owned central bank. This bank was called the "Second Bank of the United States" and it's charter was a carbon copy of that of its predecessor, the First Bank of the United States. The United States government would once again supposedly own 20% of the shares of the bank.Their share was again paid up front into the bank and thanks to fraudulent fractional reserve lending, this was transformed into loans to the private investors who once again purchased the remaining 80% of the shares. Just as before the names of these investors was kept a secret.