SACRAMENTO, Calif. – Gov. Arnold Schwarzenegger last week named Michael Kelley, a long-time executive in state government, as the commissioner of Financial Institutions, which regulates California’s 210 state chartered credit unions. Schwarzenegger made the announcement from his hospital bed, where he is recovering from a broken leg suffered in a skiing accident. Kelley, 55, has served in state government in California for 33 years, the last six months as acting commissioner of the Department of Financial Institutions.
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