The Episcopal Church has governed itself all wrong since 1789.
The numerous lawsuits in the US which have been decided in favor of the Episcopal Church as a hierarchical church count for nothing. Only the outlier decision in California counts.
The comparisons to the Roman Catholic Church and the Serbian Orthodox Church show that the Episcopal Church is not like them.
The Bishops' Statement quotes the Archbishop of Canterbury:
The organ of union with the wider Church is the Bishop and the Diocese rather than the Provincial structure as such.... I should feel a great deal happier, I must say, if those who are most eloquent for a traditionalist view in the United States showed a fuller understanding of the need to regard the Bishop and the Diocese as the primary locus of ecclesial identity rather than the abstract reality of the "national church".
Are we to assume that the Archbishop of Canterbury regards the Church of England as an "abstract reality" and that the dioceses of the Church of England are free to go their own way and sign covenants and maintain constituent membership in the Anglican Communion separately from the Church of England? Or do the words apply only to the Episcopal Church?
The Bishops' Statement says further:
The traditional doctrine and worship and the historic polity of the church are in grave peril.
As I see it, the Bishops' Statement puts the "historic polity of the church" in great peril.
Two caveats:
I may have left out something important, as I tend to fall asleep when I read documents like the Bishops' Statement.
Of course, I could be wrong.

