http://www.addictinginfo.org/2015/01/06/obama-just-made-an-incredible-decision-and-bankers-really-arent-going-to-like-it/
"President Obama has made a surprise selection to fill a vacancy on the Federal Reserve Board. Instead of picking a Wall Street favorite, he picked the former head of a community bank in Hawaii.
The President will nominate Allan R. Landon, the former chief executive of the Bank of Hawaii, to fill one of two vacancies on the seven-member board. It will then be up to the Senate to confirm his choice.
The decision is a major success for community bankers, who have for a long time been out-gunned by their colleagues in the more mercenary sections of the Banking sector. The likes of Goldman Sachs and friends often end up staffing the Fed and the Treasury, which inevitably pulls the focus of legislation towards their casino banking interests.
But in a determined campaign, the community banks argued that the central bank, which regulates banks, should have at least one community banker on its board. They succeeded."
