There are NO Board of Directors PERIOD-Post WMI Chapter 11!
I purchased my first WaMu equities a few days before seizure and I have followed this since and purchased a tremendous amount of more based on due diligence. I am not going to try and find links but I will share with you what I read about this travesty in the first few days, weeks and months. I remember distinctly that Robert Williams was going to be the part time President (until the first quarter of 2010) and Kosturos was the lawyer and restructuring person and there was a third person but I cannot remember who he was.
I hear all of this talk about a current Board of Directors and I am going to tell you there was/is no Board of Directors post WMI bankruptcy. There was only going to be three people involved with this and the original bankruptcy was only suppose to last until the third quarter of 2009 per Rosie own filings in the early going. Robert Williams was slated to stay a short time after WMI exited bankruptcy (after 3rd quarter 2009) and be totally finished with WMI in the first quarter of 2010. This was Weasel, Gotcha and Mangle’s original plan and if I say so myself, it is not working out so well. I added this statement for all of the bashers who think Susman is going to lose.
I laugh when I hear all of this talk about a current Board of Directors because there are NONE and if there are PROVE IT, as I know no one can. Just look at the actions of Rosie and Company and this should be VERY telling for you. They were shocked when we wanted a Shareholder’s Meeting, Kosturos was shocked when questioned about how many Board of Directors there are and all of the actions against equity and shareholders. The former Board of Directors have either gone to JPM or silently disappeared. There is no reason why Kosturos could not mention or list who is on the Board, unless there are none. Weasel, Gotcha and Mangle had WMI planned to sell as soon as possible after getting their POR approved and this would be to bury this travesty in whole. There are reasons Rosies actions are so very telling whenever a Board of Directors is discussed because there are none. The only people ever listed are past history and not current or they would have gladly discussed them in court and instead Kosturos’s actions were of being scared to death and not forthcoming about the Board of Directors.
Just look at the the past actions and what is going on and you will find that Weasel, Gotcha and Mangle actions want you to think there is a Board of Directors group when in fact they are the only ones there are. Rosie is scared to death about this coming out, hence all of the discussion about lawyer client privilege. Rosie wants this wrapped up so the Hedge funds get what they are after which is the reorganized WMRRC, JPM/FDIC get their stolen goods - continued cover-up and equity gets the shaft. The problem is their whole plan is about ready to blow up from a bunch of greedy, corrupt, thieving, inbred cannibals who will destroy any and all people who try to get in their way.
AI
