I don’t think its politically viable, letters to congress or not, to avoid a government guarantee of the GSE’s.
The malaise of ignorance, I know it well. Its viable if enough people realize how they are being screwed to bail out a powerful, but small group of people at the expense of almost everyone else.
I get so tired of hearing the, “Oh its inevitable crap!” We do live in a semi-democratic system. A couple of tens of thousands of emails from angry constituents would force Boxer and Feinstein to pull their support. They are our representatives, make them act like it. Be part of the solution, no matter how insignificant you feel, unless you are pro bailout, if you choose not to voice your concern you are rubber stamping it.
Then next time you are at the gas pump and wonder why its 60 bucks to fill your Saturn and 200 a week in groceries to feed your small family, you’ll at least console yourself with the fact that you attempted to do something.
