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Re: gophilipgo post# 224514

Wednesday, 07/21/2010 1:55:52 PM

Wednesday, July 21, 2010 1:55:52 PM

Post# of 729970
My guess is as good as yours. What we do know is that Rosen has violated the canon of ethics and model rules of professional responsibility by breaching his fiduciary duty to the estate amongst other things. If the WMI board asked him to forfeit his duty in order to accomodate JPM at the detriment of the estate, then it was his ethical duty to recuse himself from the case. He clearly did not and likely has no plans to until he is forced to do so by the court. Accordingly, you really must ask yourself why an attorney like Rosen, who graduated from Suffolk Law and became partner at a successful firm like Weil Gotshal, would risk not only his admission to the bar and reputation in the legal profession but also all of the hard work that probably earned him that title and established his career - all for the interests of a client. I think he must have some personal interest in the outcome of this case if he is willing to sacrifice so much.

As for the WMI Board Members - well, that's a given. We know they've been compromised and corrupted, hence the reason we want to hold a shareholder meeting to oust and replace them.

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