Auto Bailout for Average People

Last summer I purchased a used Nissan Xterra. I borrowed money to finance this purchase, and have been using the car for my main source of transportation. But I found out some horrible news lately, the car is worth less than I paid for it! In fact, if I sold the car today, it would barely pay off the loan I took out one year ago!

I suspect that there are millions of others out there with a similar problem. Well-intentioned people that bought cars using loans that were approved by- wait for it- BANKERS! The banker never, ever, ever told me that this could happen. In fact, I don't think that bankers told anyone this could happen. And I feel taken advantage of.

I really think that it is time that the government step in and fix this problem. I would like the following solutions to be enacted with federal tax money:
1) I want the ability to re-negotiate my loan with the bank to a lower value than what I originally agreed to pay.
2) I want the government to help me make the payments, capping them at $200 per month.
3) I don't want any of this to negatively impact my credit rating, just in case I want to borrow again in the future.

Taking immediate action on this problem could help millions of people today, people that are struggling to keep nice cars. People that need cars for transportation. People whose cars are worth much less than they bought them for!

Please forward this to your political representative today!