.
September 25th, 2008
09:45 PM ET
Live Blog from the Anchor Desk 9/25/08
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 |
About this Show:
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
Questions or comments? Send an email
Want to know more? Go behind the scenes with AC361°
Subscribe to the podcast
Subscribe to the AC360 podcast on iTunes!
On Twitter
RT @CNN: US forces were targeted for the second time by suspected Iranian-backed forces in Syria, killing an American contractor and woundi…
11:27 pm ET March 24, 2023
RETWEET
RT @CNN: A Ukrainian hospital used extraordinary deception to save orphaned children from being taken by Russia. @McKenzieCNN reports: http…
10:08 pm ET March 23, 2023
RETWEET
RT @CNN: Sandy Smith tells CNN’@andersoncooperer how she wants her son Stephen Smith to be remembered after authorities shared that her son…
9:54 pm ET March 22, 2023
RETWEET
RT @CNN: Investigative journalist Ronan Farrow chats with CNN’@JohnBermanan about his reporting on adult film star Stormy Daniels and Playb…
10:39 pm ET March 21, 2023
RETWEET
RT @CNN: CNN political analyst Maggie Haberman joins a panel on @AC360 to explain former President Donald Trump's ties to attorney Evan Cor…
9:36 pm ET March 17, 2023
RETWEET
RT @CNN: CNN's @andersoncooper and @ForecasterEnten discuss a new report from the Wall Street Journal about the nutritional value of sandwi…
10:01 pm ET March 15, 2023
RETWEET
RT @CNN: CNN’@andersoncooperer speaks with author Jodi Picoult about what some are calling a book ban in Florida by Gov. Ron DeSantis. Twen…
10:59 pm ET March 13, 2023
RETWEET
RT @CNN: Embattled Rep. George Santos said he was “innocent” of an allegation that he had orchestrated a credit card skimming operation in…
11:42 pm ET March 10, 2023
RETWEET
RT @CNN: A new single released by a choir of men who are in prison for their participation in the attack on the US Capitol on January 6, 20…
1:12 am ET March 7, 2023
RETWEET
RT @CNN: Alex Murdaugh received a prison sentence of life without the possibility of parole for the murders of his wife and son. CNN’s @and…
11:03 pm ET March 3, 2023
RETWEET
New York Republican Congressman Anthony D'Esposito, the first of Rep. George Santos' fellow House Republicans to catwitter.com/i/web/status/1…tg
9:58 pm ET March 3, 2023
RETWEET
RT @CNN: In a discussion with CNN’@andersoncooperer, former federal prosecutor Jessica Roth describes what she thinks was the most importan…
11:24 pm ET March 2, 2023
RETWEET
Search the AC360 blog
Leadership involves speaking up. Obama asked thoughtful questions at the meeting looking for the opinions of others. McCain said nothing.
Anderson, your look straight into the camera after the palin interview with couric on Russia was priceless!!! Stunned....that's what I think most of us are...The whole 'good guys and bad guys' talk like a third grader...This is just plain scary!!!!
Did I just hear a House Republican say that John McCain has always been a supporter of free markets and he can thus help in the bailout negotiations??!!
Do they really think we are idiots? Is this the same McCain that was calling for regulation two days ago (of course this was his third change of position in the same number of days). It is precisely "free markets" with no regulations that got us here!
OK, now, I am convinced, the Republicans have gone insane!
I have no debt. I live within my means. I ask for nothing and I expect nothing. I pay my taxes, my mortgage, my bills. I make under $30k per year. I have a small business. Why should any of us bail out wall street? Why should I be punished for making wise choices? Why are people who have, asking for money from the have nots
Finally an example of McCain's "judgement"...S. Palin, in her own words...Not only is she a supporter of outrageous religio-political extremism, but she has NO CLUE when it comes to international affairs nor even about her running mate's political resume! I understand the desire for a "Washington outsider"...but maybe McCain should have found one with some knowledge of homeland and international affairs! Almost ANYONE in the country who pays attention, reads a news paper, and cares about world politics would have been a better choice.
Yesterday it was noted that it is the economy in the forefront of people's minds, and the fact that McCain's campaign manager having a stake in Fannie Mae (or Freddie Mac, whatever it was) has fallen into the background and doesn't matter.
The American people should still pay attention to that because lobbyists were responsible for writing the legislation for the deregulation that caused this whole financial crisis to occur in the first place.
Doesn’t it look like politicians are scrambling to pass the bill, when elections for them are in november, especially when democrats got the most contributions from Fannie Mae and Freddie Mac and did nothing to prevent the banking fiasco?
Sara Palin scares me when she takes which is probably why she's avoided questions and kept her comments to "thank you very much." Her views on foreign experience and interaction are disturbing to say the least.
Erica I am one of those people to even think that we should give 700 billion dollars to a company that plans to give alot of it to there ceo's is a complete missuse of the american peoples money.
Sarah Palin is in WAY over her head...
Was Sarah Palin on something while she was doing her interview with Katie Couric? Her answer on the Russia question was so incoherant.
Instead of a 700 Billion Dollars "bail-out"......why not just give every man, woman and child a MILLION DOLLAR economic stimulus check? In my math, that adds up to less than 350 million dollars.
Each citizen does as each citizen so elects-spend / save / invest / pay-off mortgage& credit card debt!!
No "golden parachute", no CEO / CFO receiving unjust enrichment.
DW
Commerce, TX
Hey Anderson,
What if...the US Government Bailed out the American People instead of Wall Street. Something similar to the Economic Stimulus plan, but issue a CREDIT for our DEBT. By buying up our GOOD Debt, it should PUSH the money through our financial system, as well as give the American People a Return on their investment. Your thoughts?
Thank God for the conservative Republicans! At least somebody stood up and said they didn't want to line up for the Kool-Aid.
If the President wants the deal, and there are enough votes in the House and Senate to pass the deal, a handful of conservative Republicans shouldn't be able to derail the deal.
Perhaps other than the leadership negotiating the deal, there really isn't that much support for it on either side of aisle.
Or is it that the Democrats want the Republicans to line up for the Kool-Aid also so the blame can be spread around for this deal?
In all of this ... it should remind all of us how important it is to vote... and make an informed decision for whom we vote.
It's no wonder that the Rep's are keeping Sarah Palin away from the Press....considering the few ridiculous comments she has made on the "3" interviews she did grant the press. It is obvious that she does not know anything about foreign affairs, the economy and our security. I sure hope they do not cancel the VP debates on 2 October as there is some discussion today that could be a possibility. The country needs to know (if they don't already) how totally unqualified she is to potentially be the President if something unfortunate happens to John McCain. I am embarrased as an American that a candidate for such a high office is hiding from the press, knowing that what is going on in the US is being watched closely around the world......the world must think we are idiots!!!!!
Why do we have to bail out a problem caused by the greed of the banks with ARM's and forclosures. What they need to do is give some of the money to the American people and let them help the economy. No one has really talked about gas prices, the price of power bills, the price of everyday items the basics, the real reason why the country is in "recession".
The bailout needs scrutiny, that's all, give it due diligence. McCain could've gone to Washington as a senator not as a presidential candidate suspending his campaign
I'm with Ray on this one. This isn't about regulation though, or oversight. It isn't about executive pay (which is a teeny percentage of $700 billion), unless you're feeling petty. It looks like it's become a power-play. Which Senator will fix the bailout deal, save us all, make us proud, then get elected President? Too bad neither of them are on the Senate Banking Committee. Thank goodness for deadlock.
Why would you keep the people that have failed at the top? Why would you suspend your campaign if you can not help? Sitting in the room does not constitute help.
I can not wait till the Debate tomorrow. McCain said that he does not have much knowledge about the economy, and he has proved it over the past two weeks.
jeannie, ali velshi was just telling me during out webcast that most americans are simply angry about this bailout, and the thought of their tax dollars going to "fat cats on wall street". that's the reaction i've been getting, as well
Both senators need to be in washington doing their jobs,
Obama wanted to stay put on the "trail" and ignore the situation, besides doing their jobs as senators, one of them is going to inherit thes mess and they need to know all of the inner workings of the deal.
I just hope it is not obama.
There has been a lot of chatter about the $700 billion bail-out and that it will help solve this crisis by providing liquidity to the financial sector, which will in turn ease access to credit for both consumers and companies.
But I dont trust that the financial sector will ease access to credit even after this bail-out. Wall Street will simply says thanks and hold on the the money. Maybe the bail-out should go something like this.... The financial institutions fund loans in exchange for selling "bad" securities. For eg. they extend $20,000 in car loans, and they can fund this by selling $20,000 in " bad" securities.
Ask McCain what happen to Country first? Where is his leadership? The 100+ Republicans would not even buy in to his points. They offered an entirely new alternative which changed which way we taxpayers would pay, this time through tax credits to the private firms who would buy the toxic assests. Duh
This is a very serious decision that the Congress must make. It will decide the future that not only our generation will have to deal with but, our children and their children. Why does everyone seem to think that this must be decided in one week? I am glad that the House Republicans are taking some time to actually review their options.
If the Democrats and some Republicans in the house, a majority of the senate, and the administration have come together on the basic tenets of a bailout bill (including oversight, taxpayer payback, etc.), why is it that a group of house Republicans–who are a sub group of the minority party–is stopping the congressional leadership from taking the bill to the floor? Is this just a gambit by the Republican party to allow John McCain to come in tomorrow and "unite" the congress–or the sub group of Republicans blocking the bill–and be seen as the great leader??
so they have Useless elected officials making these decisions. This issue was started by these people completely manipulating the American people.The American dollar is useless in relation to eastern currency's becasue with gas and oil soon being purchased with the euro the threat is higher than imagined. mabey this money is needed to secure the worlds trust and buy there way back into the deeper hole..who knows anymore
where is RON PAUL!?
hes foreseen this "collapse" and knows the truth
"We the people" do need to hear more about this rescue, bailout, and the extent of the crisis. I do feel presidential politics has been infused into this process. This is why candidates should go ahead with debate in Mississippi
You all need to wake up here we will pay for this bailout or we will pay when the economy goes down it is a no win situation period.
Why doesn't the government sell bonds, like they did in WWII, to finance this "rescue"?
With the government to back the bonds, perhaps many people who are less enthusiastic can at least have their contribution insured.
Is anyone wondering what happened to all the money? Where did it go? Did it just disappear?
There is no reason to rush this bailout plan through since it needs to be given thoughtful consideration before it will be passed. The Democrats do not want to pass the bailout plan without the majority of the Republicans baking them, which is reasonable since this is supposed to be bi-partisan plan. No party wants to be blames for the yet unknown outcome of this final plan ... regardless that the mess is mainly due to the Republican Administration.
Anderson, I want alot of discussion, before my tax money is used to bail out the wall street fiasco. What no one is talking about is the total lack of oversight that supposedly the SEC and our leaders were supposed to provide. Naked short selling? Giving loans to those who had no stated income? I hope that the house and the senate can come to terms with the mess that THEY created, then I say vote ALL of them out of office and impose term limits on the Senate and the House. But-if you are going to spend a trillion dollars of OUR money, then I am glad they are debating this heavily. We, as a country, are already way too far in debt, and it is time that we take a hard look in the mirror. We elected these people–might be time for a change of ALL the ( leadership?). Couldn't do any worse than this.....
Refinance mortgages for primary homes! As long as home values continue to sink, the problem will never go away. Make the banks take the lose because their deeds forced home prices up beyond reality. Refinance homes at current market values and people will be able to remian in their homes. Mortgage payments puts the markets on track.
I think the McCain campaign underestimated Katie Couric. I don't know what made them think she was going to be an easy interview.
Re: Bailout
Wouldn't it stimulate the economy quite a bit to offer low interest loans to responsible homeowners only for the purpose of paying off 2nd mortgages and equity lines... Perhaps the rules could allow the loan to transfer with the borrower to a smaller home, (then people could get out of upside down mortgage situations without having to default) .
It seems that something to stimulate home sales would both help the economy, help "main street", and help to prevent future defaults.
If my tax dollars are going to bail out Wall Street... I will be mad. Use the tax dollars to but them out.... if morgages was cheaper peope could pay this and they money would come rolling in....at a steady pace.... Wall Street was not worried about the American people when they thought they was being slick. Government just need to buy them out...
I think I have a solution. Why doesn't congress work out a deal with the gas companies to bail out wall street. That's where most of americans money seems to be going anyway.
The gov't should consider doing the following:
Buy back the bad debt, companies and or assets; give extension to those whose mortgages are close to foreclose; reassess or recalculate those loans with fixed rates and realistic terms; those assets that now belong to the gov't (by way of a regulated company) should be sold to private companies at good market rates and the money used to bring down the deficit. Tax payers should still get a break in their taxes as Barak Obama proposes (if he wins).
It is great to hear from Ed Rollins. He is a very wise man and delivers his commentary with such eloquence. Thank you Ed Rollins.
Thank you ED ROLLINS!
At least he can tell the truth!
Obama and McCain did not need to be there, except to vote!
McCain had already agreed to the Paulson Plan as long as it had those stipulations.....why was he so quiet in the meeting....isn't he the "reformer".....Come on McCain, reform the house republicans...
Bring the Jobs back home to America. No jobs, no money, everyone goes bankrupt!!
we can do all the bailing out we want to do... but until we bring back the business, no one is going to have money to pay off their debt.
Its like treating Cancer with tylenol
I cannot believe this is happening. The great depression is knocking at the door, and our leaders are posturing. What a shame.
If McCain wasn't there then they would have tried to push this through
700 billlion dollars is a lot of money
Its embarrassing that Obama didn't even want to leave Florida and go back to work
Obama is a jr senator he has never had any responsibility in congress and he is following the lead of Reid and Frank But he should still be at work when he is one of 100 people in the senate that has control over this bill
I hope the Republicans plan to let Private Banks buy part of the debt goes through.
Evening Everyone,
McCain may have been the one who decided to go to Washington first, but his lack of knowledge on the economy was so obvious with him not speaking very much nor asking very many questions. Obama on the other hand was very involved in the conversation by the sounds of it...what gives!!! People who are saying that McCain is a leader, have a very strange definition of the word!
Why was John McCain smiling at the meeting with Bush and others? Does this man have his marbles? At least Obama was serious and asked questions.
I guess this was just a photo op for McCain...
I am getting bits and pieces of "news" that most Americans are totally against any bailout plan. Why is this not being broadcast more? Yes, we are in a dreadful, scary crisis, but a government "rescue" would be an even scarier government intrusion into our lives - To say nothing about the constitutionality of it.
I so wish either presidential candidate would strongly, firmly and loudly speak up ONE WAY OR THE OTHER about their views and why they think this way.
This whole bailout thing proves that politicians cannot rise above politics.
OK, if McCain went to the meeting and said nothing, how can he possibly be the cause of the deal blowing up? At least be logical in your arguments Obamites. These are mutually exclusive situations. Reid also said McCain's help was needed to get Rep. support. Now he has flipped and says McCain should stay away.
I hear all the talk about the bailout. But what about the CEO's and management of the companies that are going to get bailed out. It would be apporpriate to confiscate the compensation they recieved while at the helm of the companies. Seems this issue has not been addressed and I wonder why. The CEO of Leman received a 2o million bonus.