A lesson not yet learned - Andrew Jackson

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."

"I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."

Farewell Warning
Jackson genuinely feared the rise of a moneyed elite bent on enriching themselves at the expense of the hardworking people of the United States. Upon retiring from the presidency, Jackson gave a dire warning:

"...unless you become more watchful...and check this spirit of monopoly and thirst for exclusive privileges you will in the end find that the most important powers of Government have been given...away, and the control over your dearest interests has passed into the hands of these corporations."
—Andrew Jackson, Farewell Address to America, 1837