This is truly what I consider a "wtf" moment . Even if you really didn't want Diamond to be on the Fed, at least find something better than the most stupid argument at hand.

For those who don't know who Peter Diamond is and why I'm laughing in my seat at this news, here's a quick analogy of the argument used to substantiate his rejection: its the same as telling J.K Rowling that she doesn't really know who Harry Potter is.