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Business students meet noted economist, author
10-25-12

Dr. Stern spoke to students on Oct. 24.
Noted economist, banker and author Gary Stern, Ph.D., retired president of the Federal Reserve Bank of Minneapolis, Minn., and co-author of “Too Big To Fail: The Hazards of Bank Bailouts,” lectured and met with Misericordia University business students before delivering a lecture for the general public in the evening.

Dr. Stern was the guest lecturer for a macroeconomics class during the afternoon and later met with several business majors at Misericordia University. In the evening, he addressed whether or not the economic problems of 2008 are in the past and what the economic future holds for the United States and beyond at a talk in Lemmond Theater in Walsh Hall. His remarks were followed by a question-and-answer session.

His book, “Too Big To Fail: The Hazards of Bank Bailouts,” was published by The Brookings Institution (2004). Co-written with Ron J. Feldman, it discusses the issues surrounding banks labeled as “too big to fail” and examines why that label is a problem and offers ways to deal with it more effectively.

Caption:

Noted economist, banker and author Gary Stern, Ph.D., retired president of the Federal Reserve Bank of Minneapolis, Minn., and co-author of “Too Big To Fail: The Hazards of Bank Bailouts,” lectured and met with Misericordia University business students before delivering a lecture for the general public in the evening. Participating in the meeting with Dr. Stern, from left, are Mary Hawes, Howell, N.J.; Ryan Hackett, Bangor, Pa.; Timothy F. Kearney, Ph.D. assistant professor and chair, Department of Business, Misericordia University; Dr. Gary Stern, Robert Williams, executive director, Center for Economic and Entrepreneurship Education, Misericordia University; Adam Grzech, Mountain Top, Pa., and Jeffrey Dittmer, Garnerville, N.Y.