Wisconsin Banking Update
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Stern to Retire from Mpls. Fed
Posted on April 2nd, 2009 No commentsGary Stern will retire this summer as president of the Federal Reserve Bank of Minneapolis, ending a 24-year tenure as he nears the mandatory retirement age of 65. Stern’s exit comes in the midst of a financial crisis — a threat he tried to warn about years earlier. Among the warnings: his 2004 book, Too Big To Fail: the Hazards of Bank Bailouts. Read the St. Paul Pioneer Press article.