"Frogwatch" wrote in message
...
On Feb 19, 1:24 pm, Wayne.B wrote:
On Thu, 19 Feb 2009 07:33:55 -0800 (PST), Frogwatch

wrote:
It happens to many of us, we make one of the biggest purchases we will
ever make and soon after we begin making payments we find ourselves
“underwater” on it with it being worth less than we owe. Should we
just walk away or stay in it? If you just stay with it for long
enough and continue making payments, eventually you will be above
water but that will take a long time. Maybe I should ask for a
bailout. If I call my loan for my new truck a mortgage do you think I
will qualify for the Obama bailout?

I know you're being facetious but almost all vehicle loans are
underwater from day one unless you put up a really substantial down
payment.

You miss the point. Why should "underwater" mortgages be bailed out
when underwater auto loans are not, the concept is the same thing.
Both will eventually be above water.

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Can't you Repugnicans stand on your own two feet?
We have JustHate looking for a $7 K handout so he can buy a new vehicle and
now you want to weasel out of a contract you signed 'in good faith'.
JohnnyHs panhandling hobby is catching on.