When Federal Reserve Chairman Alan Greenspan speaks these days, you just might be hearing a little bit of Wisconsin banker James F. McKenna in what he says. It's nice to see that one of our institutions in our nation's capital still has integrity and respect. Not a word is said to anybody. . . . There's a hush that comes over the room.
All conversation stops.
It's hard to know for sure. McKenna, who is the chief executive of North Shore Bank, and other members of the Thrift Institutions Advisory Council won't publicly reveal what they discuss with Greenspan and the Fed's Board of Governors in private. The specifics of the sessions are so guarded that the minutes of the meetings aren't released for three years. It's just awesome to sit there and to give input. The council includes representatives of savings and loan institutions, mutual savings banks and credit unions.