September 30th, 2008
09:30 PM ET

Live Blog from the Anchor Desk 9/30/08

For what’s in the program take a look at tonight’s Evening Buzz.

Don’t forget to watch the 360 webcast during the commercials. LINK TO WEBCAST

And take a look at Anderson and staff on our live web camera from the 360° studio. We’ll turn the camera on at 9:45p ET and turn it off at 11p ET. LINK TO THE BLOG CAMERA

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We’ll start posting comments at 10p ET and stop at 11p ET.

Filed under: Live Blog
soundoff (445 Responses)
  1. Holly

    I'm 56 years old, putting money in a state 403b retirement fund – no matching funds. Should I continue to do this? Thank you.

    September 30, 2008 at 10:35 pm |
  2. Mary Sue smith

    We are teachers with secure jobs. and zero debt. Our current home is paid for,but we would like to relocate closer to our jobs. Is now a good time to grab a bargain in the housing market? We do not have to sell our home to place a substantial down on the new home.

    September 30, 2008 at 10:35 pm |
  3. Victor

    I want to buy a house, when would be a good time to do so given the market and credit conditions? how much should I put down? I would be 1st time buyer here in the USA.


    September 30, 2008 at 10:35 pm |
  4. MaryBeth

    I have never heard of a FICO score until now. How do you get it? What does it consist of?

    September 30, 2008 at 10:35 pm |
  5. Dave

    If property values have gone down – will my assessment also go down reducing my taxes?

    Seems logical!

    September 30, 2008 at 10:35 pm |
  6. bob

    i have a 2br investment condo that has lost $150k in value which i use all my life savings ($70K) as a down payment and am currently subsidising the mortgage by $400.00 a month. am thinking to let it go for foreclosure what do you think susan?

    September 30, 2008 at 10:35 pm |
  7. Kim


    I recently changed jobs and requested that my former employer transfer the funds from my 403b to my new employer's retirement plan. The 403b plan made a mistake which delayed the processing of my transfer request and withdrew the money yesterday. This move caused me to lose $900. Do I have any recourse?

    September 30, 2008 at 10:34 pm |
  8. jake

    Hey Suze,

    I recently got married and we are in the market for a house. Our rent continues to increase. Is now the perfect time to but a house or should we wait until the market increases?

    September 30, 2008 at 10:34 pm |
  9. Danielle

    For Suze
    My boyfriend and I are in disagrement. He took a loan out on his 401K a couple of months before the crisis. He will be done paying it off next month. He says that he didn't loose much money because he had taken a loan out and is actually making money becaue he is putting the money back. Is that true? He says that he may just do it again so won't loose money.

    September 30, 2008 at 10:33 pm |
  10. June Cini

    Question for Suze, why don't the banks lower the interest rates so people can stay in there homes. instead of the federal government getting involed with their mortgages.

    September 30, 2008 at 10:33 pm |
  11. Arran Greenleaf (Boerne TX)

    So let me get this right!

    We lend them money so they can lend us money and charge us high interest?

    I am so laughing my self to death here.

    September 30, 2008 at 10:33 pm |
  12. Josh

    Dear Suze,

    What does the creation of $750B in debt mean for the value of our currency and the buying power of people on fixed incomes like my parents.

    September 30, 2008 at 10:33 pm |
  13. Lou Cherniss

    Anderson and Suze –

    We can see the problem clearly now. You are wanting the bailout to pass so the credit markets can function........Hey, isn't the problem that we've depended on credit too much already?

    September 30, 2008 at 10:33 pm |
  14. Claudette Siar

    Are AIG annunities safe and secured?

    September 30, 2008 at 10:33 pm |
  15. Peggy

    Can I put our 401K in a saings account covered by FDIC/

    September 30, 2008 at 10:33 pm |
  16. Romanna

    Should we sell our home now get into an apartment and then buy in a few years

    September 30, 2008 at 10:33 pm |
  17. Jo Ann, North Royalton, Ohio

    I have about five thousand dollars that I can use for investments right now. What are my best options?

    September 30, 2008 at 10:33 pm |
  18. Eria

    Do you believe that Sarah Palin is intimidated by confident women such as Katie Couric, but is a brash with men because she feels her beauty and charm affords her the pass to be sarcastic and condescending? I am so amazed by how contemptuous and strong her speeches are when she is bashing Obama and Biden, but can't put two sentences together when asked simple questions by Katie. Palin is playing on her "Sexism".

    September 30, 2008 at 10:33 pm |
  19. Andrea

    Suzie, basic and simple. Should we pay the minimum on lower intrest credit cards and put the extra towards the higher intrest and work from there? What about intrest only seconds? We have eight years left to payoff. Oh and we are 41 and have no retirment, two sons in college along with two boys 7 and 2.

    September 30, 2008 at 10:33 pm |
  20. Anne Merkel

    Suze.....my parnets are 72 & 73 retired and have 2 annuities/401 K heavy invested in stocks. Should they switch to bonds now or wait to try and recoup what they have lost in the last few days and switch when they regain some of it back?

    September 30, 2008 at 10:33 pm |
  21. David

    I have about 30,000 in a State of Florida Deferred Compensation 457 account – Is it safe enough to keep in for the next 10 years when I plan to retire?


    September 30, 2008 at 10:32 pm |
  22. carlotta watson

    Instead of giving $700 billion to the incompetent people who caused this problem, why don't they give them the first suggested increment of $200 billion and see if things stabilize and then hold hearings instead of being bulldozed into a hasty decision?

    September 30, 2008 at 10:32 pm |
  23. Cheri in Oregon

    I'm a baby boomer, live in an apartment, not invested in stocks...
    We keep hearing that the American public needs to understand the bailout... what we are not hearing is where the billions are coming from, how they will be distributed and who will pay for it?

    September 30, 2008 at 10:32 pm |
  24. Aria

    I have a Roth and an IRA for a total of about $39K. They are both Capital Growth funds and International Funds. Should I change it to something less risky?
    I'm 43 yrs. Male, my wife and I have a home with a low mortage with a fix 30yr and good credit!
    Any suggestions!?

    September 30, 2008 at 10:32 pm |
  25. Jennifer Rasmussen

    My husband and I have no debt and have put over $500,000 in a 6 month CD with Bank of America, which is earning 5% interest. How safe is our money there? Is it best to pay a penalty to take our money out of the CD and put in FDIC insured accounts?

    September 30, 2008 at 10:32 pm |
  26. angela

    What affect does this has on SSI and or SSD

    September 30, 2008 at 10:32 pm |
  27. Rick

    A Canadian here – I have a bit of cash – what is your call on a rental Real Estate purchase in Florida right now?

    September 30, 2008 at 10:32 pm |
  28. Paul

    I was wondering about credit default swap transactions. Has this affected the global economy in any way or is it yet to come?

    September 30, 2008 at 10:32 pm |
  29. Lauren

    I'm 27 years old with a solid job in San Diego. I have no student loans and only one credit card with less than $100 balance. I was thinking of purchasing my first home in SAn Diego. Do you recomend purchasing a home in the current market or waiting?

    September 30, 2008 at 10:32 pm |
  30. Miriam, San Francisco

    Why does the FDIC insure $100k in one bank for one person – but you have to go to multiple banks if you have more than that ? If have $500k in 5 banks, you are still insured – so why can't I keep it in one bank ?

    September 30, 2008 at 10:32 pm |
  31. Yoeun

    I am 36 yrs old. I have a question for you. I have a 401K and invest up to 6% of my company matching. I am not concern about the 401k. But my concern are the investment that I have on my own. I invest $1200 a month, $300 Roth IRA, $300 college fund for my daughter, $300 for my term life insurance and $300 for my wife term life insurance. With the investment, the mortgage and other bills, I saved about $400 about. Should I show down on my own investment ? What do you think?


    Yoeun Him

    September 30, 2008 at 10:31 pm |
  32. Robert


    What percentage of a portfolio do you consider too high for small cap and midcap mutual funds for the long run. I am 42 and I max out my 401k and Roth IRA and have several DRIPS and will have a pension when I retire. Currently I have about 30% in Small and Mid Cap combined. I consider my pension as my bonds so is my small and Mid cap too high for the long run.

    September 30, 2008 at 10:31 pm |
  33. John Jennings

    How about including this in the bill tomorrow:

    Allow 401k withdrawals without penalty for people to pay off first and second mortgages or for business start-up capitalization.

    This sure would help folks like me pay off their debt, start new businesses, and sleep better at night without sticking anyone for the tab.

    September 30, 2008 at 10:31 pm |
  34. Mark in VA

    Americans have been beat down so long with the price of fuel and no one has been there to help, they are not ready to help out a bunch of rich executives who have screwed up the nations economy. You can't knock some one down when they are already on the ground.

    September 30, 2008 at 10:31 pm |
  35. Connie

    I was devastated to lose almost $10,000 from my 401k in the Lehman Brothers bankruptcy. With Barclay's and others buying pieces of Lehman do I have any chance of getting any value back from my preferred stock?


    September 30, 2008 at 10:31 pm |
  36. Roger

    Should I stop contributing to my 401K at the moment until economy improves- 48yo, 150K in 401K, about 8K credit card debt?

    September 30, 2008 at 10:31 pm |
  37. liz

    is there any truth to the rumor that the fdic insuance can be repaid to bank customers over a period of 100 years

    September 30, 2008 at 10:31 pm |
  38. Dana

    Hi Anderson!

    If each American household will have to assume roughly $10,000, how and when will that happen. Can I expect to pay $1,000 more per year for 10 years, $2,000 for 5? Will it be deducted monthly or deducted from tax returns? Any answers you have will be helpful. FYI, I am not against this rescue plan, IF it means that jobs will be saved.


    September 30, 2008 at 10:31 pm |
  39. Jo Ann, North Royalton, Ohio

    Suze, How many credit cards should someone have open right now? Should I close the ones that have a zero balance?

    September 30, 2008 at 10:31 pm |
  40. tom johnson

    tom johnson
    Is it true that by naming a beneficary to my CD that my FDIC insurance is increased to $200,000?

    September 30, 2008 at 10:31 pm |
  41. Sarah

    For Suze: Several months ago my mortgage was held by a bank that has since failed. What happens if the bank that currently holds my mortgage fails?

    September 30, 2008 at 10:31 pm |
  42. Rita

    I think this is a great re-education tool to teach people and businesses to 'do what you can afford' (words of wisdom from my father).
    Why is it so important to get the credit market up and running again; to get businesses and people back to living on credit?
    Isn't this a great time to re-focus on real money instead of what we think we will be able to pay later?

    September 30, 2008 at 10:31 pm |
  43. Juan

    I am against the bail out plan just like the majority of Americans. It's too much power to give to the secretary of Treasury. It does not guarantee it will fix the economy. The secretary of treasury did not do his job and regulate so now he is asking for 700 billion dollars, he needs to be replaced not given a blank check.
    We use to be a nation of producers and savers now we are a nation of borrowers and consumers. It's time to the let market correct it's self and for the country to start to live within it's means. We have made it through the great depression so why not now?

    September 30, 2008 at 10:31 pm |
  44. Yvette from Texas

    My question is for Suze.


    Do you believe another BLANK check will help this BAILOUT situation or will this be another bill for our children and grandchildren?

    You know that WAR Bill....

    September 30, 2008 at 10:30 pm |
  45. Larry


    I am thinking of buying a house? When should I buy?
    Next summer?

    September 30, 2008 at 10:30 pm |
  46. Kathleen

    I just began my Masters program in special ed. I received an excess of 3700.00 from my student loans. I put it in my savings. Should I turn around and pay the student loan or keep it in savings.

    ps no other debt besides a my car and that is only 900.

    September 30, 2008 at 10:30 pm |
  47. Elissa

    Is it still smart to contribute to a Roth IRA, which is separate from my work funded retirement plan?

    September 30, 2008 at 10:30 pm |
  48. david

    After the bailout is done and I hope ACORN doesnt get no funding from the 700 billion dollars. The government should start investigating ACORN and follow the money trail. If regulation was in place we wont be in this situation.

    September 30, 2008 at 10:30 pm |
  49. Pat

    Hi Suze,

    I am a 50 year old female. Today I changed my 401K investments to Bonds. I did not change my % contribution because I want to continue getting my employer's match. Is this a good move?

    September 30, 2008 at 10:30 pm |
  50. Dean

    Suzie, I believe in investing but at the same time I am afraid of what may happen when the short selling ban on financials is lifted. What are your thoughts? Is it time to start believing in investing in American large banks like Bank of America or should I wait?

    September 30, 2008 at 10:30 pm |
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