Sky Guy:
The response you received appears to be canned, which would be very typical of a response from a legislator (or rather from his/her aide) regarding a hot, current issue. If he actually did sit down and write out that whole reply for your individual benefit, however, I would commend him on his regard for his constituents.
Like you, I have a very hard time believing the numbers provided for constituent opinion on the initiative. A slight majority in favor of suspending the initiative would be more believable, but I would doubt even that, given the average citizen's tendency (no matter what district you live in) to support anything that keeps more money in his/her pocket now, regardless of potential future ramifications.
All:
This is a great thread. Like Sg, I have been duly impressed by the wealth of knowledge (or well-substantiated opinions) on these matters to be found in this user group. It has been highly refreshing to read first-hand accounts of how the mortgage crisis has played out in financial institutions, and somewhat satisfying to learn that my estimations have not been far off base. As hard as it is to get confirmation of many of my darkest fears (as well as a few new concerns as well), it is great to see people discussing these issues so passionately and with such intelligence. It gives me hope that the apathetic stupor to which our government has driven the masses may be giving way to a more enlightened and appropriately angry mentality. In my opinion, that may be our best hope for a restored government by the people, for the people, and yes, a reason to vote.
Good post by you here. Took me back a bit and reminded me very much of the awakening that took place within the industry in late 2007. That carried over with a small group in the 2008 elections and is now becoming widespread. It remiains to be seen if people will wake up to the fraud or not as it's a complicated subject for many. I for one, remain optimistic.