The Federal Home Loan Bank of Seattle learned first hand about the pratfalls of strict disclosure policies this month as the GSE suffered headline damage and lost two board members due to questionable stock repurchases that took place last October. Seattle officials announced May 12 that Allan Landon, president and CEO of the Bank of Hawaii, and Roy Whitehead, president and CEO of Washington Federal Savings, have resigned from the FHLBank’s board. An internal investigation…