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. Tammy

    I would like to know where our country is going to get the 700B. I thought we were in debt from other countries already. Are we going to borrow this money?

    September 23, 2008 at 10:25 pm |
  2. Beth, Ontario Canada

    Great points ... you needs the jobs staying onshore to keep the economy rolling

    September 23, 2008 at 10:25 pm |
  3. richard taft

    how can a $700 billion bailout mean so much to the financial markets when the U.S. economy has an $11 trillion debt?

    September 23, 2008 at 10:25 pm |
  4. Lisa L

    All I can say is show me the money..People wake upand get your money out of the bank Quick.

    September 23, 2008 at 10:25 pm |
  5. Tracey - Boston

    Thank you Anderson. Where was this money before this situation? Not for health care or infrastructure!!

    September 23, 2008 at 10:25 pm |
  6. Chuck, California

    Why not completely bypass those unregulated and incompetent Wall Street financial firms, and loan that $70 billion to the heavily regulated regular banking industry, and let them in turn loan the money to the companies that need it to operate?

    September 23, 2008 at 10:25 pm |
  7. CaseyJ - Palm Springs, CA

    Look, bank accounts are guaranteed up to $100,000 (remember the FDIC)? Let's just start with the basics. Let the free market work itself out. The Bank of Americas of the world can step up (as some have) and buy the AIGs of the world for pennies on the dollar. That's what happens to small businesses in the real world. You don't reward poor management–this is contrary to the fundamentals of the free-market system. SURVIVAL OF THE FIT.

    September 23, 2008 at 10:25 pm |
  8. MaryBeth

    GO Anderson!!! YES! Why is there suddenly all of this money? When there wasn't before for stuff that really mattered?

    September 23, 2008 at 10:25 pm |
  9. Stephen Wilkerson

    That right it's 700 billion for rich people. That the truth!

    September 23, 2008 at 10:25 pm |
  10. Andrew from Ohio

    I believe that everyone should vote out there incumbant representatives! vote them out and send them OUR employees a message we are not going to take this ANYMORE!!! do the public good or you will not be in office next time around!

    September 23, 2008 at 10:24 pm |
  11. shawn

    Imagine if you will: one or two years from now, the FBI has finished investigating all of the compaines and sen, involved in this crisis. McCain is caught with his pants down again, just like with the s&l scandal, palin is swore in as president, whats next !!!!!!!!!!!

    September 23, 2008 at 10:24 pm |
  12. Jessica

    I have an idea, how about legalizing, taxing and regulating marijuana, as Barney Franks has suggested. The govt would save the millions and millions of dollars wasted in law enforcement, there would be billions in tax revenue, and people would be happy. I think this is a terrific way to resussitate the economy.

    September 23, 2008 at 10:24 pm |
  13. Tim, WV

    Which will be cheaper, the cost of bailing out these idiots or the cost of incarceration of these executive idiots? I'd feel better over the latter.

    September 23, 2008 at 10:23 pm |
  14. Diane T Canada

    Instead of kicking the CEO's out of their homes and putting them in tents I suggest a FEMA trailer (the ones with the mold.) I also hope they prosecute anyone connected, find them guilty as they did with our citizen Conrad Black. Can not wait to see the outcome.

    September 23, 2008 at 10:23 pm |
  15. Jodi

    I want to know when is my bail out coming. After all the money I lost in the market!

    September 23, 2008 at 10:23 pm |
  16. Luke (Ottawa, Canada)

    Americans are good people !

    The question that they need to consider is: " why is it that their government can spend 10 billion a month on a war and 700 billion to bail out greedy bankers, brokers and the like, while millions of citizens don't have access to affordable heath care" ? Why is that?

    September 23, 2008 at 10:23 pm |
  17. Cynthia

    I think it is crazy that the taxpayer's are being asked to bail out the same company's that have made them homeless I have talked with people who have been treated like they are garbage when trying to work out a solution with their mortgage companies to maybe put a payment or two to the back so that they would be able to save their homes they were told no way we can't do that these are the same people who are now living pay check to paycheck in pay by the week housing working 2 jobs trying to get back on their feet and now the taxes they are paying in will keep the same people who made them homeless in their homes how heartless is this ? I say put these big ceo's in a flea bag pay by the week hotel and let them see how the people they screwed are living.

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

    Good call Barbara. I could use just a little of the 700 billion. I'll spend wisely.

    September 23, 2008 at 10:23 pm |
  19. Steven Martni

    Rather than a bail out, have the fed issue new notes up to 80% at a 4.5% rate. Then have any second and third notes issue at conventional rates for properties that can be saved. Allow the everyone to refinace at the 4.5% rate which can have refinance fee's that can generate the type of money requested by the bail out.

    September 23, 2008 at 10:22 pm |
  20. Nicole

    Can we trust Paulson to negotiate the best valuation of these assets for the taxpayer? If his deal with AIG is an indication of how tough he will be across the negotiating table I would say most definitely yes. That deal was to the tune of 12% interest!

    I say...do it, slowly...less up front and with tons of oversight, dip the toe in and see if we can flush out any other private sector Warren Buffets out there. If this work Paulson will be a name in basic Economics text books for years to come.

    September 23, 2008 at 10:22 pm |
  21. kim-chicago

    How can they put energy, healthcare, & education on the back burner? The crisis we face is much larger than just money.

    September 23, 2008 at 10:22 pm |
  22. Nicholas

    If you want to rescue the economy, you need to reduce our deficit.
    Has anyone noticed that the only time our deficit shrunk (since 1980)
    was when Bill Clinton was president and the Republicans ran the congress. No, other presidential/congressional combo seems to work.

    September 23, 2008 at 10:22 pm |
  23. Charles Florida

    The federal law read that 30 years and or $1,000,000.00 fine for these acts of fraud. Those that have been a part of the braking, of this country, has to be proscuted to the fullest extent of the law. And all their personal property needs to be sold at action.

    September 23, 2008 at 10:22 pm |
  24. Mathew Jacob

    Obama and Mc Cain dont get it. Crooks created the unstable system, abused the system and have the nerve to try to get more. Vultures. Where is the accountability ? Send them to Jail for life. They have ruined lives intentionally.

    September 23, 2008 at 10:22 pm |
  25. teresa

    When we had a Democrat in office, the Republicans seemed to investigate anything and everything.

    Where have the investigations been for the last 7 plus years?

    September 23, 2008 at 10:22 pm |
  26. Patrick

    Give people back their homes, get the investment into new energy investment, training and jobs to install solar on all of our roofs and get electric cars in our driveways.

    That would bring back the middle class and then close the borders to offshoring.

    September 23, 2008 at 10:22 pm |
  27. J.R.

    I'd much rather see the government give each citizen $1 million dollars which is about 300 million and save $699,700,000,000.

    September 23, 2008 at 10:21 pm |
  28. Janine from PA.

    I guess the FBI is going to be very busy for a long time. Can you imagine if companies can't make payroll? And holiday shopping is right around the corner.

    September 23, 2008 at 10:21 pm |
  29. Megan Dresslar (Shoreline, Wa)

    George September 23rd, 2008 10:15 pm ET

    do you have a list of all the companies being investigated ?
    Ok, George Here is Fae Mae, Freddie Mac, Lehamn Bro. and AIG

    September 23, 2008 at 10:21 pm |
  30. Patrick

    Why can't the media just stop covering Palin until they make her availably to the press for interview?

    September 23, 2008 at 10:21 pm |
  31. David, Toronto

    What about all the companies and investors around the world that got fleeced for their money, no one seems too concerned in the U.S. about this travesty. Perhaps other countries should sieze American assets and give them to those that lost their money, how would that be America? What's good for the goose, is good for the gander.

    September 23, 2008 at 10:21 pm |
  32. David/New York City

    Although there are always guilty parties, in situations like these we should be looking for the systemic factors that have moved so many hundreds/thousands into making choices that must have looked good to them but have led to near catastrophe for society. Government-business relationship is the key, and I think that the bizarre evolution of Fannie/Freddie into a government guaranteed turbo charge of home loans for profit is at the root of this. Does this make Fannie/Freddie/Congressional supporters guilty, or were they all just players in a game they didn't understand?

    September 23, 2008 at 10:21 pm |
  33. john cardegna

    this bailout should not go thru unless all home owners in forclosure are given the ok to go before a court judge to gurantee a low locked in rate they can afford based on there income.... they stay in there homes...the banks still make some money rather than no money...and the feds own alot less homes .....everbody wins.......thx jc

    September 23, 2008 at 10:21 pm |
  34. Andrew from Ohio

    congress is just as copable in this mess as the executives of fanny mae and freddie mac. chris dodd and barney frank are chairs of the banking committee where were they!

    September 23, 2008 at 10:21 pm |
  35. pilar

    good.... let them burn... I say let them all fall, if they are to big to fail, their to big to exist, as a taxpayer im gonna get screwed either way and dont believe 1 word that our government says about it being urgent (fools rush in) as always

    September 23, 2008 at 10:21 pm |
  36. Mary Bryant

    Dear Anderson,

    My question is why are they not freezing the CEO's salaries and making them accountable for not managing what they were paid to do.Therefore ,forcing the government into a bailout that could put us into a possible depression!!! I also feel that any money that these Companies are holding for salaries and compensation should be applied to the money used for the bailout.

    September 23, 2008 at 10:21 pm |
  37. Heather - Spokane, WA

    I have a hard time believing that McCain will cut back on the defense account.

    September 23, 2008 at 10:20 pm |
  38. Cedric

    Why are you all not talkign about Rick Davis and his connections to Fannie Mae. It has been reported that his lobbying company was receiving $15,000 a month up until last month.

    September 23, 2008 at 10:20 pm |
  39. Stephen Wilkerson

    Let those that had the party pay for it. Don't bail out Wall street, baill out main street.

    September 23, 2008 at 10:20 pm |
  40. William B.

    Why should we hand over $700 Billion dollars to a government that has 0ver $10 trillion in debt

    September 23, 2008 at 10:20 pm |
  41. Dave G.

    Maybe we do need to fast-track the bailout so that the credit industry doesn't freeze up. However, when they say that we can "fine tune" the plan later, I don't have much confidence that a McCain administration would follow up with that fine tuning. . .

    September 23, 2008 at 10:20 pm |
  42. CaseyJ - Palm Springs, CA

    Nothing would make me happier than to see these grossly overpaid CEOs (etal) go "up the river," to "the big house."

    September 23, 2008 at 10:20 pm |
  43. Craig

    Fannie Mae,Freddie Mac,Lehman Bros,AIG

    September 23, 2008 at 10:19 pm |
  44. Barbara Johnson

    I remember when the former President Bush had to bailout the Savings & Loans when his other son was involved. Now this, 700 billion I can't imagine. If some of these businesses need to borrow money just to pay payroll, why are they in business. Give the 700 billion to the american people and tell them to pay their creditors, and no golden parachutes this time.

    September 23, 2008 at 10:19 pm |
  45. Russ

    Why are the McCain folks keeping the hard questions from Sara Palin if she is suppose to be qualified ? Are they afraid she will open mouth and insert foot ?

    September 23, 2008 at 10:19 pm |
  46. Keith W. (Jacksonville, FL)

    Bernanke and Pauson seating on TV, Priceless. Why the rush? Sounds like a get rich quick scheme. I think Paulson is trying to save his Wall Street money.

    September 23, 2008 at 10:19 pm |
  47. John Winters

    This bail out is a joke and just another taxpayer rip off.
    If the legislators want to do something bold then go and get the money back from those who filled up their pockets and created this mess.
    Lets also go after the high paid politicians and bureaucrats that did not do their job.

    September 23, 2008 at 10:19 pm |
  48. chris

    I don't know about you but I think wall street has to take 75 percent of the fault and the government some of the of other the part of this because when I by a house I have a lawyer look at the fine print ie interest rate. Come on if you don't know where your interest rates are going you don't deserve to own a house. The homeowners have to take a little responsibility for some of this mess.


    September 23, 2008 at 10:19 pm |
  49. Mike, Syracuse NY

    I'm sick of the Rep. blame game. Dems are just as responsible. Congress has oversight responsibility and the Dems have controlled Congress for the past 2 years, yet not a peep about this. Both parties have failed.

    September 23, 2008 at 10:18 pm |
  50. MaryBeth

    Honestly, we need to look at the past and see what they did to help get out of the Depression. President Clinton as right when he said we need to have the mortgages renegotiated so ppl can pay them. And we need to give ppl jobs...Let's start rebuilding our bridges and power plants and things that are needed.

    September 23, 2008 at 10:18 pm |
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