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. mitchell

    that mayor from alaska road to nowhere, seems honest.

    September 23, 2008 at 10:43 pm |
  2. Rex & Deborah Cunigan

    Why should I bail out their bad judgment ? if we gave it to the people they well spend the money and isn't that what we need

    September 23, 2008 at 10:43 pm |
  3. Maureen Durham

    I think S. Palin was exercising her power of a women in her not only her handshake with Kessinger but that she offered him a hug. Now, let's see, how would that look if Joe Biden had made that gesture first to Kessinger? Whew, what a sexual overtone could be read into that. Well, maybe if Mother Theresa was that person facing Kessinger it would have been appropriate but she just doesn't get what it takes to be "purely diplomatic".

    September 23, 2008 at 10:43 pm |
  4. Uma, Liverpool, UK

    @ David, in 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.

    Spot on, mate! We have a full-on Depression here, brought to us by the US mortgage-meltdown. I, too, grow weary of the non-acknowledgement of the world-wide ramifications of this financial SNAFU.

    September 23, 2008 at 10:43 pm |
  5. Patrick

    Where is our government going to get the money for the bailout? China, Saudi Arabia...

    September 23, 2008 at 10:43 pm |
  6. Tiffany in Denver

    Can the government please have a road to somewhere...anywhere? That story is so ridiculous..

    September 23, 2008 at 10:42 pm |
  7. jes from Ontario

    Are Americans taxpayers really as gullible, greedy or just plain as stupid as they appear? After the con job leading up to the war in Iraq, New Orleans, buyouts they have already agreed to subsidize foreclosures etc. etc. are you really prepared to swallow another load of crap

    September 23, 2008 at 10:42 pm |
  8. Jeanette

    Yup, McCain and Palin....the road to nowhere

    September 23, 2008 at 10:42 pm |
  9. Brian

    The Bush Administration has been too busy keeping a close eye on the financial dealings of the small local Labor Unions instead of watching the real crooks....Big Corporations. The Responsibilty lies on BUSH administration – CEO U.S. Of America.

    September 23, 2008 at 10:41 pm |
  10. John T. Adams

    ***** CNN INSPIRED – FBI ******

    If Ronald Reagan was still around,
    He would shut Wall Street down!

    Just like the Air-Controllers long ago,
    He'd say, "you guys got to go!"

    Freddie, Fannie, Susan, just whoever.
    Don't ever darken our doors again, never!

    Gather up Lehman, AIG and Ron to,
    Let em know – hey gang you're through!

    This Wall Street tombstone of a town –
    Not use to having law and regulations around.

    No better than cattle rustlers and bank robbers to,
    Go get Wyatt and Matt Dillon who –

    Long ago to task this type mess –
    Get a rope someone, we're back to the Wild West.

    How exciting – America put to the test!
    Once again, things are like the old west.

    September 23, 2008 at 10:41 pm |
  11. Minou, New York City

    How many 'nowheres' are there in Alaska?

    September 23, 2008 at 10:41 pm |
  12. Patrick Esters

    Somthing else too, I think the whole credit thing need to be revamped, they charge people with lower incomes higher intrest rates, beacuse they know that person really cant afford credit, and the person that can afford credit gets the better rate. Why not charge the person that can afford it more and the other person less so he will be able to manage his too.


    September 23, 2008 at 10:41 pm |
  13. Cynthia

    Peter let me say that I understand no one will help you with your rent and no one is helping the people who were evicted from their homes this whole mess started a couple years ago and all the people who lost their homes to foreclosure did not asked anyone to pay anything for them they just asked for time to catch up it was cold hearted big banks who refused to work with them because they all saw $$$$$$$ signs we get the homes back they lose their investment and we resell big profit???????? But when they screw all they home buyers who is left to buy ????????

    September 23, 2008 at 10:41 pm |
  14. Linda

    If we have to pony up 700 billion dollars we should have a say on where it goes...let those companies they keep talking about not being able to make payroll access what they need to pay their payroll (don't understand that one, aren't they making $), pay to fix healthcare, pay off people's bad mortgages and let us little people have access to invest in our businesses that we plan on keeping on our shores. And I heard it stated that these big payouts to the top executives had to be there to lure the best...well how much money would it take to get someone who knows what they're doing????

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

    Hello everyone - The anger that many of you are expressing is well justified. This whole financial mess should not have happened. But to elaborate on a point I just tried to make with Anderson, this problem has deep roots not only in greed and lax regulation but also in the deepening difficulty the middle class has in making decent incomes. The truth is that in recent years, average incomes have been going sideways and down so that middle class families can't afford a big downpayment on a house. So folks took advantage of low interest rates and bought homes fairly cheaply– thinking that the value of their home would keep going up. That was great - until it wasn't.

    But here's the bottom line: to get back to economic health, we not only need some sort of rescue from Washington but we need urgently to begin creating good-paying jobs. That should be a prime focus of our next President.

    September 23, 2008 at 10:41 pm |
  16. Nicholas

    What assets will this 700 billion bailout acquire? If all the companies
    are flawed and things are so dire that we need a bail out from the start, then we are throwing good money (which is borrowed from countries such as Japan and China) at a bad investment. Which we and our children will have to pay.

    September 23, 2008 at 10:41 pm |
  17. Matt

    Mike, the inducement to sign the contracts was fraudulent. That is PRECISELY what is being investigated. People were taken advantage of and the banks new the inflated home prices were unsupportable and the brokers knew they were getting their kickbacks based on the same thing.

    September 23, 2008 at 10:40 pm |
  18. Donata from Amarillo, TX

    Palin is not ready. Bring on the debates. Rules? When will this stop?

    September 23, 2008 at 10:40 pm |
  19. Megan Dresslar (Shoreline, Wa)

    That is so sad for 11 students at college in Finland....... My hearts goes to Finland....... my thoughts and prayer with Finland people......

    September 23, 2008 at 10:40 pm |
  20. Michelle, Indiana

    Why do banks have different interest rates for different credit scores?
    If you have plenty of money to pay you get a lower rate but if you have less you pay more. Obviously those that have plenty get by cheaper and those that have less are set up for failure if they have an unforeseen crisis.( unemployment, high oil prices, medical bills) These have all happened at the same time for some. They just cannot deal with all of it at the same time. Disposable income is gone for the middle class.

    September 23, 2008 at 10:39 pm |
  21. Juan

    Kucinich was proposing that instead of just handing out the 700 billion, the American people got some sort of stock in a mutual fund created from stock in this bailed out companies. So, if they recover, the American people make money out of it. I still think they shouldn't be bailed out. But this is not as bad as just handing out money.

    September 23, 2008 at 10:39 pm |
  22. William B.

    that is how they tax without you knowing

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

    If the main problem with the bank failures is people not being able to get new loans, why doesn't the government use the money to make new good loans availabe to people who can pay the money back? That includes people who currently have bad home loans and just need new repayment terms?

    September 23, 2008 at 10:39 pm |
  24. Jacqui Chan

    Ha – I wanna drive on that road

    September 23, 2008 at 10:38 pm |
  25. Mike, Syracuse NY

    Karen-Leesburg. I'd say those 60% who could have gotten fixed rate mortgages failed to do their homework. Why should I bail out their bad judgement? No one made them sign the contract.

    September 23, 2008 at 10:38 pm |
  26. Maureen T

    Love the accent Mr. Cooper! What other talents have you got? 🙂

    September 23, 2008 at 10:38 pm |
  27. Tiffany in Denver

    Wasn’t the president of Afghanistan a Halliburton advisor??? How hard was that sit down to score...give me a break...

    September 23, 2008 at 10:37 pm |
  28. Matt

    Re: The Road to Nowhere: 1st year law school contracts class principle of impossibility dictates that when a contract is premised on the existence of a particular thing then the contract is voidable when the existence of that thing becomes impossible. The road was premised on the existence of the birdge. Ergo, Palin could've avoided those contracts with contractors to build the road.

    September 23, 2008 at 10:37 pm |
  29. Minou, New York City

    I Phones have too many bugs. I'm getting the B.B. Bold next month!

    September 23, 2008 at 10:37 pm |
  30. Diane T Canada

    I think I have the answer about Sarah Palin not being allowed to talk to the media. Does anyone else find her voice grating? In addition her way of speaking does not always come accross as a highly educated person.

    September 23, 2008 at 10:37 pm |
  31. moe p.

    does Gov Palin really look like she's afraid of ANYTHING?!! hee hee

    September 23, 2008 at 10:37 pm |
  32. thomas

    It would be better to give 700B to the middle class so they can get back on there feet. other wise 700B out the door.

    September 23, 2008 at 10:37 pm |
  33. Caren in Nebraska/soon-to-be Boston

    I was watching Abbey Boudreau (sp?) this evening talking about that "Road to Nowhere" and that is just absolutely ridiculous! The mayor of that town said it cost $26 billion!!! That is just insane!!!!

    September 23, 2008 at 10:37 pm |
  34. Lisa L

    That's right Anderson they are trying to protect her from embarrassing their butts is all. I say let the Women out of the cage now she is tough so let the Media have her that attack everyone else so go get her I hope they eat her alive... And then see what the McCain supporters will think about Ms America then.

    Road to know where is what it really is Anderson.

    September 23, 2008 at 10:36 pm |
  35. Michael, Auburn, CA

    Peoples option to the crisis: With all the extra homes the goverment will soon own, move everyone into governement housing that can not afford their mortage.

    September 23, 2008 at 10:36 pm |
  36. Danny, Midland, Texas

    Oh my gosh! Now we have special conditions for the VP debate. Oh, please!

    Why not just cancel the debate all together.

    September 23, 2008 at 10:36 pm |
  37. Emma

    Was it the McCain campaign that demanded minimal interaction between the candidates for the VP debate?

    September 23, 2008 at 10:36 pm |
  38. Robert Gavila

    Wht doesn't anybody ask about the auditors who had to know that the mortgage-backed securities were carried with excessive risk. The auditing companies had to know that the underlying mortgages were insufficiently guaranteed by the borrowers. Bottom line: a lot of people should go to jail and past bonuses should be paid back.

    September 23, 2008 at 10:35 pm |
  39. moe p.

    It's a double-edged sword. The government and Wall Street were trying to help people by giving out loans to anybody and everybody with very little conditions. Now it's come back to bite them.

    September 23, 2008 at 10:35 pm |
  40. Jayne Throne Napoleon, Ohio

    Why in the heck is CNN or any major news network covering Sarah Palin meeting with heads of foreign countries? If the press cant ask her any questions or hear their discussion to prove a point they shouldn't even show up to photograph her! This is ridiculous that the press is even giving her air time! Quit treating her with kid gloves and have her talk besides just covering her insults to the democratic party. P.S. Maybe they should give daily air time to Biden as Im sure he would answer any questions they have.

    September 23, 2008 at 10:35 pm |
  41. Fay, CA

    What makes Palin seem "capable"? She has yet to say anything of substance and her time as governor and mayor in Alaska is mired in controversy. I disagree with Ed Henry's assertion that the public doesn't care if reporters are shut off from Palin–it is critical that we learn as much about her as possible.

    September 23, 2008 at 10:35 pm |
  42. Jason - Saint Louis

    Yes some of these loans were to help those previously at the margins of the economic spectrum realize part of the American dream and become homeowners. But I bet the bank (what's left of it anyway) that when it is all said and done there will be tremendous unethical flaw's that will reek of predatory lending. This was all fueled by the insatiable need of the all mighty dollar with no remorse of who was going to go down with the ship.

    September 23, 2008 at 10:34 pm |
  43. John

    Tammy, the money to fund the asset purchases comes from the treasury selling treasuries that they currently hold. The media would have you believe that the government is simply printing new money. That is simply not the case.

    September 23, 2008 at 10:34 pm |
  44. Margaret Wilson

    I think only primary residents be put into this deal to save. Let the greedy investors take the fall. The American worker has been trivialized and devalued so badly that these greedy people have taken away our future and pushed most of us to think of the present and how to afford to pay our necessary bills.

    September 23, 2008 at 10:34 pm |
  45. Adriana RM Marietta,Ga

    The McCain-Palin campaign is shakin in there boots. They know now, what they've got. Another Goerge W Bush. She knows enough to get herself in trouble, and not enought to get herself out it.

    September 23, 2008 at 10:34 pm |
  46. Heather - Spokane, WA

    How will meeting with different people from different countries boost Palin's international affairs status? If I meet with the Dahli Lama or Putin, will that boost mine?

    September 23, 2008 at 10:34 pm |
  47. Patrick/Austin, Texas

    Yes, the reason is that the lower income people are at the cutting edge of the shovel that is going underground as the middle class is converted to lower class working poor.

    It's the divided that is coming back to bite the wealthy who've off shored our livelihoods.

    The reality is too much for the financial elite. It's more than Wall St fat cats. That's what we need to realize. No Middle Class, no income to pay off the next 700billion either. Then no more US.

    September 23, 2008 at 10:34 pm |
  48. Sara - LittleChute WI

    Not to change the subject, but why does Sarah Palin not address the press? What is the McCain camp afraid of? If she is such a dynamic individual....what is with all the drama... Doesn't it just make to worse...but then again everyone is talking about it. Reverse psychology perhaps...

    September 23, 2008 at 10:33 pm |
  49. Madeline

    If I'm not mistaken, I believe the Obama campaign also scaled back media access when he secured the Dem. nomination.

    September 23, 2008 at 10:33 pm |
  50. Brandi-bottom of the boot

    palin is scared.

    September 23, 2008 at 10:33 pm |
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