Yes, I guess I didn't go into this so much in the project post-mortem. But in short:
if any charity's rationale for not being at least moderately open and transparent with relevant constituencies and the public is "we are afraid the CC will shut us down," that is a charity most people would run away from fast, and for good reason
I do think a subtext of the reported discussion above is that the CC is not considered to be a necessarily trustworthy or fair arbiter here. "If we do this investigation then the CC may see things and take them the wrong way" means you don't trust the CC to take them the right way. Now, I have no idea whether that is justified in this case, but it's pretty consistent with my impression of government bureaucracies in general.
So it perhaps comes down to whether you previously considered the charity or the CC more trustworthy. In this case I think I trust EVF more.
He'd need a catastrophic stock/bond market crash, plus almost all depositors wanting out, to be unable to honor withdrawals.
I think this significantly under-estimates the likelihood of "bank run"-type scenarios. It is not uncommon for financial institutions with backing for a substantial fraction of their deposits to still get run out due a simple loss of confidence snowballing.
This seems plausible to me. EA should be a community organized around doing the intellectual project, not a random social club.
(On the other hand, I am doing an EA activity, namely giving away money effectively. But there's not much to talk about with that!)
So I think a very relevant question is just: is it actually useful or desirable to "retain" people like me? It depends on what we want the EA community to look like.