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. Dean

    Question why not ask how many failed trades there are in the stock market. This should include naked CDS trades, all stocks in the stock market, all commodities, and all the mortgage securitization that have probably been sold more than once to investors. Why not investigate all this should be pretty much straight forward. Its called follow the money.

    September 23, 2008 at 10:18 pm |
  2. Minou, New York City

    Are the Republicans afraid of Palin gaffes that they press the mute button? If they don't trust her to make intelligent, well-informed remarks to world leaders, why should we?

    September 23, 2008 at 10:18 pm |
  3. Sam-Edmonton

    $700B for worthless paper with no tangible asset attached – the assets are not hard to value – the value is $0. Tricke down will also be $0. Time for some trickle up, take over the mortgages and let people keep their homes.

    September 23, 2008 at 10:18 pm |
  4. Patrick

    The Fed Chairman talked about creating investment opportunities for the bad assets. They're going to recreate the same bubble.

    It's the taxpayers that can no longer pay. Our standard of living is erasing the Middle Class.

    September 23, 2008 at 10:18 pm |
  5. Anna W.

    JoAnn, there has been additional disclosure of Fannie's and Freddie's contribution. Turns out Obama took the most in from average employees (as he should, given he has a larger donnor base across the board), while McCain took the most (by a huge amount) from top executives.

    Also, the NYT has discovered that Rick Davis was getting paid $15k per month until last month. No work, just access... to McCain.

    September 23, 2008 at 10:18 pm |
  6. toby knapp in dc

    ...on the economic situation we're facing – i think blind trust and blank checks over the last eight years have brought us to the point we're at now. it seems to me that 'we the people' need to remind those governing exactly what 'powers derived from the consent of the governed' really means in our democracy...

    September 23, 2008 at 10:18 pm |
  7. mike - moreland, ga

    Am I getting cynical, or could this numbers-that-would-make-carl-sagan's-eyes-bulge bailout just be this administration's attempt to take all the money they possibly can off the table before they leave office?

    September 23, 2008 at 10:18 pm |
  8. Carlos

    A $700 billion bail out... this also happened in mexico and mexicans are still paying the loan that the mexican goverment made to the banks, and the mexican goverment didnt arrested any one but the mexicans had and still have to pay for the corruption of our banks made by our politicians and employees in those companies hopue that you dont make our mistakes and do get the ones that put tha US in this situation

    September 23, 2008 at 10:18 pm |
  9. marcia Bianco

    How has the process of short selling influenced this situation? The security firms have fueled the downward spiral in the market. So as little investors lose their investments, somebody is getting rich! Who? I feel as if the American public is being jerked around. Who is running the country?

    September 23, 2008 at 10:18 pm |
  10. Marian

    I think Government pay mortgages for the poor to the banks.
    leaving banks with money and poor with money to consume.
    This would help the banks and the poeple.

    September 23, 2008 at 10:18 pm |
  11. Andrew from Ohio

    the canidates will not do anything Anderson, the presidency is not where the legislative power is. the congress is who passes bills! they have the oversite over the banks, the fed, and the treasury. clinton, the bushes, and reagan always had to go along with congress when they would pass huge spending bills!

    September 23, 2008 at 10:18 pm |
  12. Gerald Mutyaba

    Hi Anderson and Enrica,

    I think the governtment bail out is the begining of the end of capitalism.


    September 23, 2008 at 10:18 pm |
  13. Cindy from NJ

    The Washington lobbyists need to get their fingers out of this bill. It is absoultely riduclous to add additional credit or asset categories to any bill being considered. I do not want to be paying someone elses credit card debt because they couldn't contol themselves and students should repay their loans – they knew what they were signing for – it's bad enough with the mortgage mess – don't let the lobbyists add insult to injury!

    September 23, 2008 at 10:18 pm |
  14. Louise

    Isn't limiting compensation un American. Sounds socialist to me.

    September 23, 2008 at 10:17 pm |
  15. Robert

    I hope that the FBI will follow through with the investigation and prosecution of not only the CEOs, but of the members of Congress who allowed these corporate juggernauts to operate unimpeded for so many years. This bailout may cost billions in taxpayer dollars, but in the long run it is a necessary evil if we as a nation wish to avoid a total economic meltdown beyond our current state.

    September 23, 2008 at 10:17 pm |
  16. Langi

    Rick Davis up to last month got $15000 a month from Fanni Mae. he appears not to have been working or connected to this company-according to him and John mccain himself. can the FBI check him out plz. This guy belongs to Jail. he is in the process of making mccain President.... WAKE UP AMERICA

    September 23, 2008 at 10:17 pm |
  17. Uma, Liverpool, UK

    Tax the rich, and the large corporate sector. Feed, house, and care for the poor, disabled, and elderly. DUH?

    Isn't that more or less the basis of the concept 'civilisation'?

    September 23, 2008 at 10:17 pm |
  18. Patrick

    As Donald Trump would say, You're fired! Every imcumbant needs to fired. How could OUR representatives let this economy happen?

    September 23, 2008 at 10:17 pm |
  19. NickV

    You just said that Under McCain you would get a BIGGER tax break. This is only true for folks making over $66K a year! Please be clear on this stuff! What's the median income in the US? Come on guys, be careful.

    September 23, 2008 at 10:17 pm |
  20. Howie

    Hello people. I have a question? Why can't we give the $700 billion to all the people who are in foreclosure and then they can pay back the banks??????????

    September 23, 2008 at 10:17 pm |
  21. Jack Andersen

    As a small business I am expected to support wasteful government,the poor & the rich. There is nothing left for Me.They call all go to hell

    September 23, 2008 at 10:16 pm |
  22. Craig

    This sounds more like a CEO bailout. Cut their salaries to middle management status and cut all severance pay. They've been overpaid already.

    September 23, 2008 at 10:16 pm |
  23. Danny, Midland, Texas

    Is it just me or is Sarah Palin just a poster child. Seen but not Heard.

    Now Women, shouldn't you find that offensive. The old politics, women should be seen not heard.

    Looks like America is going backwards women.

    September 23, 2008 at 10:16 pm |
  24. kenneth

    why not just lower all the bad loans interest rates maybe to 5% people can keep their houses and what ever is left they will spend? the lenders will still make a killing. Its better than having a very large # of vacant homes sitting around beside the real value of these homes will never be realestic!!

    September 23, 2008 at 10:16 pm |
  25. Debbie

    Finally! If 300 drug dealers were charged with crime, hopefully all of their assets would be frozen, and they would go to jail for a long time.

    If this were done now with all of those involved in this including Paulson, we would definitely have 70Million plus quickly. Go after all of them.,Including the lobbyist. We would have so much money if we went back 10 years like the IRS does. They would feel our pain!!!

    No ticket, no laundry.

    September 23, 2008 at 10:16 pm |
  26. Rebecca

    don't blame repubs for skipping on this bailout. I don't want to pay for this bailout with more taxes, let them fail, as one said above, free market. also, I'd like to know why this bailout has to include foreign banks?

    September 23, 2008 at 10:16 pm |
  27. Louise

    I could sit down and visit with world leaders and that does not mean that I am qualified to be VP... The thought that this woman could be a heartbeat away from the Presidency scares me to death

    September 23, 2008 at 10:16 pm |
  28. CaseyJ - Palm Springs, CA

    All of these budget/debt numbers are pie in the sky. We won't know what will happen until either administration starts TRYING to make cuts and get bills passed that support these budget/tax proposals.

    September 23, 2008 at 10:16 pm |
  29. Stephen Wilkerson

    Don't bail them out. Help the little guy.
    After all isn’t this the same people that knew that Iraq had WMD.
    That we needed to attack or risk certian destruction.

    The Sky is falling the Sky is falling,
    Let it fall!

    September 23, 2008 at 10:16 pm |
  30. Brent Homfeld

    Hi! Anderson

    I have a question for everyone.
    If the Government complete's the bail out plan, what would stop a country such as China or the Saudi's from saying to the United States. We want our money that you owe us now.
    What position would the U.S. be in?

    September 23, 2008 at 10:16 pm |
  31. Mike

    Nobody is talking about the fundamental reason that this financial disaster happened. This is about campaign finance and the corruption of our political system by lobbyist. We'll learn that oversight was undermined by lobby contribution to those who should have been protecting the American people. A good start would be to bar any companies, or companies that are intertwined with these companies, from any lobbying activities or campaign contributions for 5 years. At least we should protect the American people from not overpaying for these assets due to lobbyist pressure.

    September 23, 2008 at 10:15 pm |
  32. Jim Wolff

    Until this bailout thing is understood by all can't trading be halted on Wall Street and major banking business be stopped?

    September 23, 2008 at 10:15 pm |
  33. Megan Dresslar (Shoreline, Wa)

    Whoa!!!!!! that is so much money both candidates!!!! *whew* Ali, Thanks for reporting cover for us.......

    September 23, 2008 at 10:15 pm |
  34. Patrick

    Why should the tax payer pay a bill when they weren't invited to enjoy the spoils.
    Who will lead the committee assigned to spend this $700 Billion? The best minds in the financial markets are now under investigation. They stole from us for the last 8 years, now they want us to pay the bill while they continue to get BONUSES and Severance packages? How crazy do they feel we are?

    September 23, 2008 at 10:15 pm |
  35. Caren in Nebraska/soon-to-be Boston

    Ha, Erica, believe me, I'm not that good of a multi-tasker! I'm in a hotel in Omaha right now. It's nice to be able to watch 360 again, after having to miss it for awhile due the road trip!

    September 23, 2008 at 10:15 pm |
  36. Michelle

    I don't get it... Larry King can interview the Pres. of Iran and we can't hear Palin in a meeting with world leaders... Something is wrong with our media, I mean how much does our gov. control the media? Are we really that afraid of what she will say?

    September 23, 2008 at 10:15 pm |
  37. Mike in Orlando

    I believe there are other answers, but they involve risking the livelihoods of the Investment Bankers who created this mess. We need to create a retroactive law that attaches 100% of the management's assets before a single dollar of tax payer's money is used. We need to incent the bankers to find alternative ways through this problem as well as limiting ALL management executive compensation. I'm not for limiting ownership compensation, but management needs to be held accountable for irresponsible behavior. The penalty should be severe.

    September 23, 2008 at 10:15 pm |
  38. William B.

    inflation from these bailouts will hurt much more, the price of everything will go up drastically so it will not matter if people can get home loans, they will be more worried about $6 gas and paying for their food and electricity! this will happen the price of gas and food went up because Bush promised not to raise taxes for the Iraq war so we paid for it through a hidden tax(Bernenke admits it is a tax) of inflation.

    September 23, 2008 at 10:15 pm |
  39. AJ

    Why not let this "house of cards" fall down. After all, isn't it the American public who put the Republicans in charge. Let this be a well deserved lesson, you get what you vote for!

    September 23, 2008 at 10:15 pm |
  40. Tom Wolford

    How are we going to keep people in homes when the jobs go overseas and the ones that stay do not pay good enough to pay the mortage. People need jobs. I have yet to hear a canidate tells us how we are going to get our economy going without jobs that pay more than minimim wage.

    September 23, 2008 at 10:15 pm |
  41. George

    do you have a list of all the companies being investigated ?

    September 23, 2008 at 10:15 pm |
  42. Jacqui Chan

    WHAT – I can't believe someone who wants to be OUR Vice President will not be interviewed and let us hear her opinions and knowledge
    how long will the republican party support her as she does this?
    I don't understand how people (outside of Alaska) can strongly support someone who is running for such an important position when we all know so little about her
    This is not about "girl power" it's about running America – btw I'm a woman

    September 23, 2008 at 10:15 pm |
  43. linda in california

    Reject the bailout and spend the 700 billion on creating jobs, helping small businesses, creating new energy, fixing infrastructure and let the fat cats fend for themselves.

    September 23, 2008 at 10:15 pm |
  44. Craig

    This sounds more like a CEO bailout. Cut their salaries to middle management status and cut all severance pay. They'e been overpaid already.

    September 23, 2008 at 10:14 pm |
  45. Jo Ann, North Royalton, Ohio

    They better hold those CEOs responsible and close those "Golden Parachutes!" Why should they be rewarded for failure on such a grand scale?

    September 23, 2008 at 10:14 pm |
  46. Minou, New York City

    Man, to think there was NO DEFICIT under Clinton!!

    September 23, 2008 at 10:14 pm |
  47. christine lawrence

    Investors that have lost money on Lehman, AIG etc should be permitted to deduct their ENTIRE LOSS from their taxes this next year.

    September 23, 2008 at 10:14 pm |
  48. Adrian Garza

    We need more coverage of a third party in this issue...

    September 23, 2008 at 10:14 pm |
  49. eric Walker

    Anderson, If this is caused by housing, there are 300 million citizens in the USA. If you gave every man, woman and child a million dollars and told them to pay there morgage, it would not be 700 billion dollars. Where is all this other money going to?

    September 23, 2008 at 10:14 pm |
  50. Adam

    I think this Government should be suspended, the president impeached, and the newly elected president should decide where the $700 billion goes. Heres a thought, give it to the suffering American people and if big business is lucky we'll let the money trickle up to them.

    September 23, 2008 at 10:14 pm |
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