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September 19th, 2008
09:40 PM ET
Live Blog from the Anchor Desk 9/19/08
For what’s in the program take a look at tonight’s Evening Buzz.
Don’t forget to watch Erica Hill’s webcast during the commercials. LINK TO WEBCAST
And take a look at Anderson and Erica on our live web camera from the 360° studio. We’ll turn the camera on at 945p ET and turn it off at 11p ET. LINK TO THE BLOG CAMERA
Wondering why some comments are posted while others aren’t? Here’s a post that may help: LINK TO COMMENTS POST
We’ll start posting comments at 10p ET and stop at 11p ET.
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Search the AC360 blog
What does this guy mean we are not in a recession?
Hello Anderson,
Everyone agrees that the entire financial crisis is because of de-regulation right, well that is what every single person has said so I assume it is. With that being the case why is no one talking about the underlying facts about what actually caused this to happen. The fact that Phil Grammm, and John McCain from the Keating five scandal and then from 1999 on forward were the actual ones who caused all the de-regulation. That is a fact and that is the actual real underlying story here as fact! Lets all talk about that since it is the they are the actual root cause of all of this.
If we let the market play it's course, we would be heading into a depression. Why would Americans want to be in a depression or bad recession? The feds did what they had to do to avoid the panic.
Good evening Anderson..
AIG invested money in to the company I work for. How does that effect the company I work for now??
Chris
I know who is going to pay for this massive bailout. It's us, the American public!!! Once again, the government is balancing its budget on the backs of middle income Americans. I've watched my 401K shrink by the day. That's money I earned that I faithfully put aside for my retirement. I'm 58 years old. I'm watching my hard-earned retirement money vanish. Who's bailing me out? Thanks for nothing.
Janice in Atlanta,
Probably yes, war is already destroy economy........
Anderson – your guests are not really making things clear for us...
@Mike...I agree, the tone was very somber and no nonsense, hopefully there is nothing more ominous on the horizon.
China has to continue investing in our bonds. If they don't , we'll stop buying their products because the economy would just colapse so far there would be no $ (for consumers) to buy anything!
if we not economically stable , who will give us money
I want to hear what the critics think we should do. Should we just do nothing and wait for the market to collapse?
Why doesn't anyone blame Congress for this mess? The dems got in 2 years ago and was going to make everything better. They haven't done anything either. We need to clean out Congress and put in new people all the way down. It is sad that only rich people can run for any office today.
from whom can we borrow money
This is my first time blogging . I have four sons and worried about paying for college.This is real scary.
i just wanna know if im still going to be able to afford gas. the more their mouths move, the more confused i get. 🙂
Guess who is paying for the bailout? US! This won't even help those who have lost their homes! We're screwed!
I say let them fall or it is never going to end. Are we really suppose to believe the guys who never saw this coming or even worse did and chose to do nothing about it ! These wealthy Corporate Monsters
got EXACTLY what they wanted with this buyout and they are laughing all the way to the bank.
@JoAnn..."I hate to say it, but this bailout just seems like it is delaying the inevitable."
You are so right, JoAnn. We're no where near the bottom.
Do these guys realize that banks stopped loaning money to other banks on Wednesday? That the entire global system stopped two days ago?
Yes bloggers..... we need help to save market, I think we need more jobs, pay bill or everything...... I can't loan anyone......
This bailout is a bandaid. The market is going to FALL! No panic here though~
it's just rolling the problem farther down the road. This is just teh beginning. Everyone can thank Phil Graham
Having Paulson in charge of the Treasury is like having my dachschund in charge of an open box of dog treats. It's a gross conflict of interest.
Hmmmm, let it all work out....he must be independently wealthy and not care.....the value of a currency is tied to the ability of an economy to produce.
Do you think maybe the war is destroying our economy?
Hey, since this is obviously making every other nation's market, why not get all them together and wipe out everyone's debt to each other. This could be a literal tuba-rasa. THis could fix an enormous "chink in the gears"
Is China going to pay for our bailout? I know it's said that the taxpayers will pay but will we have to be paying back China ultimately?
I hope a bailout doesn't backfire on us down the road. Even the experts can't agree with each other.
Between the two wars and bailing out these banks I'm afraid there can't be much left for education, healthcare, and infrastructure.
I sure hope that part of the Fed's plan includes helping to keep people in their homes. This is crucial to moving cash back into the banks permanently. Otherwise, we will be right back where we started with another melt down several months down the line.
Why does the money have to say "In God We Trust " It should now say "God Help Us" with the way these markets go anymore.
I hate to say it, but this bailout just seems like it is delaying the inevitable.
Evening Anderson
We're not out of the woods. The Bush administration has left us shattered. Even Ronald Regan was not this bad.
Anderson,
like Ali said we are not out of the woods yet! It's a wait and see game!
should we be concerned about another great deprecision?
There seems to be a bipartisan effort to fix this. It seemed that the people who met last night were very somber today. There must have been extreme news we haven't heard yet.
I hope it will work out for market........
This bailout seems like it is benefiting the corrupt rich people at the top of the chain while the taxpayers will pay
Hi Anderson,
That news of the bailout is making me think this is the worst economic crisis since the great depression of 1929.
Except Traceu the taxpayers could be in debt by up to a further trillion dollars!!
Loading all the bad loans into a govenment funded corp looks good, but it still doesn't fix the root cause.
Socialized bailout for privatized profits...all Americans became socialists today. The only positive thing I can think of is that it will all work out eventually (and we'll all be dead eventually). Convince me that Secty Paulson is more concerned with protecting the interst of Americans before protecting his interest in Goldman Sachs and his Wall Street buddies. This is all just disgusting...
Does the government really believe that this bailout will solve the problem? I wonder how President Bush plans to pay for it. The money needs to come from somewhere.
good evening
Hellooo Anderson, Erica and best bloggers!!!!
I am exciting news stocks going up than before.
Well, if it's as dire as it appears, then I hope Congress acts fast for once.
good evening. the market closed thirty points lower than last friday. if you were in a coma this week you'd never know what a week it was.
Good evening, Anderson. Your crazy viewers are back.
good evening everyone...