September 23rd, 2008
09:45 PM ET

Live Blog from the Anchor Desk 9/23/08

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.

Filed under: Live Blog
soundoff (383 Responses)
  1. David, Indiana

    Hi Anderson, Erica, everyone blogging. Another night of almost too much happening. How to sort it all out? Given the investigation of Fanny and Freddie, Lehman, and AIG, congress need to avoid the overwhelming pressure to act quickly and get down to more details on the bailout proposal. Need oversight and more specific proposal, may need more time.

    September 23, 2008 at 10:14 pm |
  2. John Thielbahr

    Someone needs to ask John McCain how he feels about his plan to privatize social security after the wall street meltdown.

    September 23, 2008 at 10:14 pm |
  3. Margaret Wilson

    Hopefully this will lead to instituting laws to keep lobbyists out of our halls of congress. Big businesses seem to cause BIG problems.

    September 23, 2008 at 10:14 pm |
  4. Cedric

    McCain only struggles came so long agao that he can't possibly understand what the regular folks are feeling about this mess.

    September 23, 2008 at 10:14 pm |
  5. Anna W.

    Ooops, looks like McCain's campaign manager Rick Davis was caught with the hand in the cookie jar. McCain lied once again.

    September 23, 2008 at 10:14 pm |
  6. Curtis Pulaski, Va

    It's about time these people are being held accountable for their actions. This investigation needs to go further. Let's find out which politicians recieved money from these companies

    September 23, 2008 at 10:14 pm |
  7. Michelle

    How exactly does the taxpayer wind up paying for this? Does these mean there will be tax increase Please explain.

    If there are area's we can save of defense, why are we only now talking about making the cuts?

    September 23, 2008 at 10:13 pm |
  8. MaryBeth

    With all this stuff going on, neither of these guys will be able to implement their plans on Day One. If either of them get to their plans within their first year, I will be amazed.

    September 23, 2008 at 10:13 pm |
  9. Louise

    John McCain cuting the defense budget??? Good lord now I have heard everything

    September 23, 2008 at 10:13 pm |
  10. grant

    aig is broke cause they took all the mortgage money and spent it on a company called ports of america. i'd say that cost billions

    September 23, 2008 at 10:13 pm |
  11. deb wianecki

    sounds like socialized loses and privatized earnings...

    September 23, 2008 at 10:13 pm |
  12. Mary H. St. Louis, MO

    You have got to be kidding, the FBI getting involved in Freddie and Fannie... Yikes. What a flipping mess. Ok, I'm even more depressed. I'm sure the market will have a great response tomorrow on that news. Another down day... There is something negative every day...

    September 23, 2008 at 10:13 pm |
  13. Adriana RM Marietta,Ga

    I agree, if this bail out gets delayed longer. And the companies continue to survive. Is the bail out still nesscary ? Or is the stock market running under an Illusion. there is no bail out, or is this a farce to keep the credit markets happy, and money being lent. Until after the election.

    September 23, 2008 at 10:13 pm |
  14. Patrick

    Let's talk about the ability of the Middle Class to make a living that supports the home valuations!!

    September 23, 2008 at 10:13 pm |
  15. Lisa Golden

    Soooo, why not bail out the middle class instead of wall street. Give all mortgage holders a 2% reduction on their loans! This will build confindence to real estate and allow banks to reduce forclosures, fair to all mortgage holders (of any type), banks take losses over amortized 30 year period.

    September 23, 2008 at 10:13 pm |
  16. toby Knapp

    Can anyone tell me why NO ONE is allowed to ask Sara Palin the 'tough' questions? Why is McCain almost keeping her hands off? I just don't get why everyone else – McCain, Obama, Biden – are fair game and even Admenijad can sit down with Larry King, but Palin? Nothing? Makes me wonder what she has to hide...

    September 23, 2008 at 10:12 pm |
  17. Tom K, Frankfort, NY

    How is it no one in the administration or no presidential candidate
    has called for the investigation of the possiblity for fraud, that the FBI
    has now undertaken ? Don't think that can be any parallels to what
    happened at Enron or WorldCom? Also I think that no economist or
    former financial CEO wants to invoke the Justice Department in any

    September 23, 2008 at 10:12 pm |
  18. Carolyn Nashville TN

    FINALLY, our representatives are listening to us.

    September 23, 2008 at 10:12 pm |
  19. kevin

    How can Palin be getting away with avoiding the press? She could be president. Seems un-American.

    September 23, 2008 at 10:12 pm |
  20. Barry

    Why is it called a "bailout" instead of "welfare for Wall Street"?

    September 23, 2008 at 10:12 pm |
  21. Lily

    Hi Anderson,
    Are you going to report on Rick Davis..McCain's campaign manager firm getting money from Freddie Mac until last month?? i hope you do.

    September 23, 2008 at 10:12 pm |
  22. Dianne

    It's time to find out how many of these foreclosures are 'Primary' residences or 'Investment' homes. Zero downpayment allowed as of 2005, conveniently just after the election 2004, is a Republican responsibility! Where was the oversight? Where was the regulation?

    So now, those 'bundlers' have put the entire World economy at risk! Were these mortgages for one home owners or 'greedy' investors now caught in the decline?

    Time to see some statistics!

    September 23, 2008 at 10:12 pm |
  23. Jishnu

    I support McCains stand when he said "Trust Me" is not enough this time to get 700 billion Tax payers money.

    Such mis-steps in the past where high ranked officials dramatized scenarios and got public support and media support.

    September 23, 2008 at 10:12 pm |
  24. RJ show me state

    this has got to be a test for our congress. and also a test for obama and mc cain on who will deliver on thier word to really fix washington I see it going obamas way

    September 23, 2008 at 10:12 pm |
  25. KENT in NC

    Anderson, what scares me is that while we have herd the same old story about "WE NEED TO ACT NOW" and it ended up costing us but what is this time when 'WOLF" is being cried it is true and Congress moves at it's usual snails pace and our economy crashes. It is almost like we are in a position to be dammed if we do and dammed if we don't.

    September 23, 2008 at 10:11 pm |
  26. ericacnn

    Hello, Bloggers.
    Caren, pls tell me you're not blogging while driving!

    September 23, 2008 at 10:11 pm |
  27. Cassie

    Obama is the only one who can fix this. The first Bush screwed up and a Clinton had to clean it up. The second Bush will need Obama to clean it up then Hillary another 8 years to keep it going.

    September 23, 2008 at 10:11 pm |
  28. Ken

    I understand the the FBI's investigation over these major companies is important by why is nobody talking about the NYT's finding that a McCain advisor received money from Freddie Mac, something they denied just yesterday. Also, why is the PM from Iraq now saying that Pres Bush wants to keep the war going to divert attention from our economic crisis and the government not denying this?

    September 23, 2008 at 10:11 pm |
  29. Louise

    I too had a no money down mortgage and I don't have any problems paying for it. I too bought a house that I could afford. American Greed does not just exist on Wall Street

    September 23, 2008 at 10:11 pm |
  30. Emma

    I'm not going to hold my breath for the tax cuts....it's not going to happen.

    September 23, 2008 at 10:11 pm |
  31. Minou, New York City

    Well, let's hope the fat cats will have a rough landing with their heavy golden parachutes.

    September 23, 2008 at 10:11 pm |
  32. Lee johnson

    Can we get more information on these CEO,s and look at how they live. This may hit home ,and let the working American see what greed does to these executive's. WHEN DOES IT STOP!!!! LET the exscitives live with nothing , now they can see how it is.

    September 23, 2008 at 10:11 pm |
  33. Michelle, Indiana

    Why is everyone so quick to believe that the current administration even knows what is doing to fix this mess? And who in their right mind give a blank check to the same people who created the mess with no accountability. Sounds like a big con job to me. More fear mongering from the current administration.

    September 23, 2008 at 10:11 pm |
  34. Steve

    Americans have themselves to blame, they put the GOP there for the Past 8yrs. Clinton and Al Gore did a good job, the later would have continue the good deeds, should his home state TN voted for him in 2000.
    American's you can't eat your cake and have., though it hurt all the world.
    Steve. cnd

    September 23, 2008 at 10:11 pm |
  35. Jason Corneveaux

    As a little guy who has no debt, stocks, or other assets tied up in this mess, I am sick to think my tax dollars, a significant chunk of the 30K/year I make is going to pay for this bail out.

    September 23, 2008 at 10:11 pm |
  36. mike, virginia

    Ok, the taxpayers bail out the financial institutions...Is there anything in this bailout bill that will prevent this from happening again?

    September 23, 2008 at 10:11 pm |
  37. debra freeberg, AZ

    I think they should foreclose all the CEO's holmes, and give them all a TENT

    September 23, 2008 at 10:11 pm |
  38. eric Walker

    Can anyone tell me why congress has five days notice of a disaster ?
    How long has the Bush Admin. and Paulson known about this. When are we going to kick Bush and his cronnies out!!!!!

    September 23, 2008 at 10:10 pm |
  39. mary

    Everyone keeps saying the socialistic idea of regualtion doesnt work, well how is no regulations working for the US, other countries like Canada, my home, has regulations and we dont have a bank melt down. Just an idea but maybe the American way isnt the best way in the global world anymore, and it is time for the country to look outside its borders and learn from other countries take the best from others and work into what you have

    September 23, 2008 at 10:10 pm |
  40. Margaret Wilson

    They need a prison that practices hard labor! Let them work hard at something for nothing or pennies an hour like the average American has been having to do with all the rising costs of everything.

    September 23, 2008 at 10:10 pm |
  41. Renee Jacksonville, FL

    Were there issues at Goldman Sachs when Henry Paulson was the CEO?

    September 23, 2008 at 10:10 pm |
  42. Jo Ann, North Royalton, Ohio

    The top three senators that received big money from Fannie Mae are Chris Dodd, John Kerry, and Barack Obama. They topped Fannie Mae's "favored politician" list for some reason.

    September 23, 2008 at 10:10 pm |
  43. Derek Watty

    What happens when the student loans, credit cards, and auto loans all hit the fan?

    September 23, 2008 at 10:10 pm |
  44. Uma, Liverpool, UK

    Sarah Palin, seen but not heard. *scratching head* Might someone be trying to hide something?

    September 23, 2008 at 10:10 pm |
  45. Lorie Ann, Buellton, California

    I think both candidates might have to revamp an awful lot of campaign promises. We don't have a bottomless pit in the piggy bank.

    September 23, 2008 at 10:10 pm |
  46. Danny, Midland, Texas

    Hi everyone!

    Are you going to discuss Rick Davis involvement with Fannie Mae. It was reported today that Rick Davis has been receivign 15k a month because of his ties with John McCain.

    Will he be part of the FBI investigation?

    September 23, 2008 at 10:10 pm |
  47. Caren in Nebraska/soon-to-be Boston

    How can America pay back that $700 billion to taxpayers? I'd like to know how Obama plans to do that. I wish he would elaborate on that in the future.

    September 23, 2008 at 10:10 pm |
  48. moe p.

    when voting this Nov. keep in mind we want leaders who will put more of the power in the hands of the people. That way there's no omnipotent leaders.

    September 23, 2008 at 10:10 pm |
  49. Rob

    I do not like having the idea of never offering no money down mortganges. I have benefitted twice from no money down mortgages. The differences is that I bought a house that I could afford.

    September 23, 2008 at 10:09 pm |
  50. Jayanta Das

    Hi Anderson:

    On the $700B (X) bailout – how about the following clarification as a tax-payer – finally we will pay for that:

    – Get a breakout how that X will be spent; i.e. buying the 'lost' asset. admin cost etc.
    – How about having a 'new' line item on the tax return, how much we the tax payer are funding towards that. Also, a clear formula regarding who pays how much.
    – FINALLY, a clear definition on the return (if at all it happens, sure that is the intent is it not) proportional to the tax payer burden on funding this.

    This is simply common sense. And we do not need to hear the 'threats' from a couple of guys to dilute the national asset!

    My 2 cents.

    September 23, 2008 at 10:09 pm |
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