Replies to post #23919 on Washington Mutual Preferred fka WAMPQ

[jdstinger]

I don't think he is either but he speaks for those who are. So unfortunately on his part, he is getting a lot of the blame for what goes on. Is it fair, probably not. But is he deserving of some of it, probably so.

It's also easier mentioning Rosen than saying WMI's BOD/JPM/FDIC. Since we don't know 100% for sure how many of the three are holding things up.

I agree, things are heating up and they are dancing something fierce.

JD

[marayatano]

Imo, Rosen really does not care unless he gets his ego in the way.

He is a partner at Weil and his first objective to bring in revenue whether it be from delaying, prolonging, etc., the case, he will do it.

He satisfies his client by doing what they ask, gets his billable time (quota plus bonus) in, and brings in revenue for Weil (which he shares in the profits at the end of the year). All the attorneys are in on it from the Creditors committee, EC, Debtor's counsel, etc.

Example: Rosen says we are in good faith talks with EC. That means more $$ for Weil. So on and so on...

Attorneys like to pad the bill.

All IMO of course.