HOW COME WE, THE PUBLIC, DON'T GET A VOTE?

I looked up the current Board of Directors of the New York branch of the Federal Reserve and found two interesting categories of director: (1) those elected by member banks to represent the public and (2) those appointed by the Board of Governors to represent the public. In the first group, we have 3 members:

Jeffrey R. Immelt (bio) 2011 Chairman and Chief Executive Officer General Electric Company

Jeffrey B. Kindler (bio) 2012 Chairman and Chief Executive Officer Pfizer

James S. Tisch (bio) 2010 President and Chief Executive Officer Loews Corporation