Spitzer on Dimon

Former New York governor Eliot Spitzer, writing in Slate, calls on Jamie Dimon to step down from the board of the Federal Reserve Bank of New York. "Dimon should resign from the New York Fed board immediately, acknowledging that his role is incompatible with what he has been trying to do in terms of lobbying and his abject failure as a manager to control risk within his own organization," Mr. Spitzer writes. So the only bankers on the Fed board should be the ones whose trades never lose money, and who support laws that would cost their shareholders money?