so, where the process has a foregone conclusion, is there a better resolution? mark thesen, conservative columnist for the washington post recently suggested that democrats pursue an alternative, censure. in his piece, why don t democrats drop impeachment and just censure trump, he argues that unlike the mueller probe, this time, trump actually did something wrong, but that a minority of americans see it as worthy of impeachment. if democrats persist and to prove articles of impeachment, it will be a purely symbolic act, a way to publicly censure the president for his actions with regard to ukraine. so, why not drop impeachment and censure him instead? thiessen sees precedent. in 1834, the senate voted to censure president andrew jackson for stonewalling a congressional investigation into why he shut down the second bank of the united states. trump would be only the second president in history so reprimanded and it would put
thinking about the situation that we are in. we had the debt obligations. there was a huge derivatives market that ballooned in you know, from the late part of the 90s all the way through 2008. it almost collapsed, that derivatives market almost collapsed and then ballooned back up again. there was an opportunity to reform with dodd-frank. the pieces never got passed. part of what i m trying to do in this book is outline the way in which party politics depends it the party politics in the u.s. is built on a rock split down the middle and has everything to do with banks. first and second bank of the united states and finally the federal reserve. parties themselves build themselves in relationship to their feelings about those banks. we wouldn t have had a democratic party without anger at the first bank of the united states. that sense of the two-party system being built around conflict over the banks has kind
to charter a second bank of the united states was introduced in congress. second bank was very much like the first. except bigger. 3.5 times bigger. always that way, isn t it? the charter lasted 20 years before people went what are we doing? americans realized it wielded too much power and influence and proposal to renew it also failed. then according to the fed website they got rid of the nasty charter thing and will of the people. in 1907, a severe financial panic jolted wall street and forced several banks into failure. many americans thought their banking structure was sadly out of date and needed major reform. the first draft of the federal reserve act was called the aldridge bill because of the guy who wrote it was named aldrid and it failed.