Former Bear Stearns executive to advise Brownback economic advisors

The former chief economist and senior managing director of the now-defunct Bear Stearns investment banking firm will give the opening presentation when Gov. Sam Brownback’s Council of Economic Advisors meets on Wednesday in Topeka, according to the Department of Commerce.

Wayne Angell worked for Bear Stearns from 1994 until 2002, six years before the company’s spectacular collapse in the subprime mortgage meltdown of 2008.

He served on the Board of Governors of the Federal Reserve Board from 1986 to 1994 and was a member of the Kansas House of Representatives in the 1960s.

Following Angell’s presentation, the council is scheduled to hear from Graham Toft of the consulting firm GrowthEconomics, Inc., on “A Comparative Analysis of Key Economic Indicators – Threats and Opportunities.”

The group also will receive updates from the secretaries of Agriculture, Commerce, Labor, Revenue and Transportation.

The meeting is scheduled for 1:30 p.m. Wednesday at the Board of Regents office, 1000 SW Jackson St., Suite 520, Topeka.