October 9th, 2008
09:41 PM ET

Live Blog from the Anchor Desk 10/9/08

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 (332 Responses)
  1. Crystal

    I don't understand why the govt. is giving the banks all the money. They are in debt because of us the people right? Ok so then why aren't we the people getting the mone? That way we could pay off our debts. and the banks would be fine right?

    October 9, 2008 at 10:20 pm |
  2. Deepan

    As lot of expert says...if you can pull the money from the stocks....don't waste your money in stock....yo can invest in 401K or saving accounts.

    October 9, 2008 at 10:20 pm |
  3. Carolyn

    In all the discussions on TV I haven't heard any discussion on what we as senior citizens should do regarding our 401(k)s. They are dwindling fast! What is the best strategy for seniors - Should we leave in or should we withdraw.

    October 9, 2008 at 10:20 pm |
  4. Keith S

    Ayers is stale news. He was covered in the primary.

    October 9, 2008 at 10:19 pm |
  5. AJ, Minneapolis

    If the McCain campaign can send the attack dog Sarah Palin to say these despictable things about Senator Obama, she should be allowed to do some real interviews on CNN or MSNBC and be asked some tough questions with some substance for a change..

    October 9, 2008 at 10:19 pm |
  6. Maureen / Newman, California

    Of course the McCain/Palin crowd is angry . They are losing and frustrated.

    October 9, 2008 at 10:19 pm |
  7. Christian

    Can someone tell me why the Dow Jones just lost 679 points, our 401k's are disappearing before our eyes, and the media is actually letting McCain dictate the conversation and sway it towards irrelevant subject matters such as Ayers?

    October 9, 2008 at 10:18 pm |
  8. eunice

    what if more frightening than our banking crisis is the fact that it is now impacting the world banking systems. Isn't that what happened in 1929? If we all go down, who's going to pull this thing out from the abyss? Unfortunately, last time it took a world war– God forbid that would happen again.

    October 9, 2008 at 10:18 pm |
  9. Edwin from Va

    Do you think that the negativity of the presidential campaing is part of the problem in Wall Street? Maybe the investors are not sure the candidates are paying attention.

    October 9, 2008 at 10:18 pm |
  10. maria montes

    Hi Anderson

    i lost around 40,000.00 in the stock market. but i don't sold yet, but i lost money on lehman brothers and wamu. those one's when to 0. and my Ira and pension it lost lots too. And for the most part am a savy investor.

    thank you for keeping honest


    October 9, 2008 at 10:18 pm |
  11. Rick Greene Knoxville,Tn

    If the bank holds a $ 150,000 mortgage, under the McCain plan we
    ( the tax payers ) will pay the bank $ 150,000 regardless of the market value of the home. Under the rescue package ( and Obama ) plan, we will negotiate a lower price. Which plan do you think the bankers prefer ?

    October 9, 2008 at 10:18 pm |
  12. Michael, Springfield PA

    My ROTH IRA has lost 34% of its value this year. Thank God I have 20+ more years to retirement. I am putting money in to my IRA to purchase more shares. It will pay off when the market turns around. Well hopefully anyway

    October 9, 2008 at 10:18 pm |
  13. Michael Hargrove

    The Republicans have been in the White House for 8 years and 6 of 8 years in charge of Congress. Now they want to wipe their hands of this mess and blame on everyone to include minorities and the poor.

    October 9, 2008 at 10:17 pm |
  14. Megan Dresslar (Shoreline, Wa)

    Welcome to AC360 Live Blog!!!! Stephanie, Have you nice be here tonight....

    October 9, 2008 at 10:17 pm |
  15. Jeff - Santa Barbara

    $700 BILLION deeper in the hole! What is our government doing to us? This is not a way to fix the credit problem. Bring home the troops now! Our country is on the brink of a meltdown like no one has ever seen.

    October 9, 2008 at 10:17 pm |
  16. Gm


    One of your experts says that if the government gets stocks from banks and banks make profits, then the taxpayers are going to make money. But how do banks make profits? Don't they make profits buy getting money from taxpayers? Help me understand this but I don't understand why the government can't give that money directly to the American people (I thought it was theirs) so that they can give it to whoever they want instead of just buying stocks that no one is sure are going to be profitable.

    October 9, 2008 at 10:17 pm |
  17. Wallace McLaurin

    I am a long time republican from MS. But the irrisponcibility, and poor judgement of McCain, both in choosing an underqualified running mate, and straying from issues that are rellivent to our country in this trying time has lost him my vote. Obama has my vote.

    October 9, 2008 at 10:17 pm |
  18. bill

    You focus on those 20-30 yrs away and what to do during this crisis. But could you please offer some solutions to those of us who are in retirement and depend on our IRA's to live on (as well as social sec) Should I get out of mutual funds and buy FDIC insured CD's or put all money in money markets or buy ETF's or what? I have lost 40% in last year and need to preserve some part of my lifetime savings. Thanks

    October 9, 2008 at 10:17 pm |
  19. Jeff - Santa Barbara

    $700 BILLION deeper in the whole! What is our government doing to us? This is not a way to fix the credit problem. Bring home the troops now! Our country is on the brink of a meltdown like no one has ever seen.

    October 9, 2008 at 10:16 pm |
  20. Allen Sanderson

    There is nothing but talk about the 30 year old's having time to recover from the down turn.

    What about us 60 year olds who saw our defined benefit pensions go down the drain, and now what little we were able to save in the 401K's offered as a replacement has now lost 40%. I am 66 years old. How am I supposed to recover? Does anyone in this country care about us?

    I am angry as hell about the people who got rich over through our hard work. They got rich and we got the shaft.

    October 9, 2008 at 10:16 pm |
  21. John in Arizona

    Obama may have it right using the "eratic" lable. John McCain's campaign is now out of control. If he were to do to the country what he has done to his own campaign and his supporters we'd all be in deep trouble. Stirring up fear, hate and division – it's Bush-Rove-McCain personified.

    October 9, 2008 at 10:16 pm |
  22. Patricia Drew

    I want the truth about the financial meltdown. Why isn't anyone talking about Glass-Stegall that was repealed in 1999 by a Republican Congress? Why didn't Clinton Veto it? What's the truth worth these days? Didn't this have a significant affect on the mismanagement of our banking industry?

    October 9, 2008 at 10:16 pm |
  23. Tom Jones

    I am appall at what McCain has done to his reputation by in sighting his base to "riot" and if he is not careful someone could get hurt and he will have this to live with for the rest of his life!! but base on the rout he has taken I do not think he cares

    October 9, 2008 at 10:16 pm |
  24. Ronald Thierry

    all of these negative comment about Barack Obama is not what i want to here.what about the economy.

    October 9, 2008 at 10:16 pm |
  25. Denise Shirley

    Go NEGATIVE! Are you kidding? It's not negative to ask a presidential nominee legitimate questions about who he CHOOSES to associate or be friendly with. That's not negative-just common sense.

    October 9, 2008 at 10:16 pm |
  26. Michelle

    I do not see why so many are surprised at Obama's poll numbers. As a university professor I know so many students who are for Obama, but they are between the ages of 20-25 and have no clue about the magnitude of our crisis with the economy. They have little or no expereince with "real life" issues such as those being addressed. They know they like him because he is young, charismatic and for "change", yet cannot articulate what that "change" is. I applaude the Obama campagin for trying to get more voters, but some of these individuals are just being told to sign up to vote and "oh yeah, vote Obama" hence, those signing up are just saying okay.

    October 9, 2008 at 10:16 pm |
  27. Roy Grimm

    I don't care what the stock market does, I don't have any stock. The average person doesn't oun stock, only rich cats have stock. I keep my money buried in a coffee can, that way the government can't get it. The only people that will benefit from the bailout, will be the rich cats sittin in their Washington nests, but us voters will change that when each one of their terms are up.


    October 9, 2008 at 10:16 pm |
  28. Lola from Louisiana

    I agree with Palin that the media should do there job and get information. I want to know about the firing of her brother in law, the bridge and road to nowhere, the killing of wolves in a cruel way, the fact that her husband thinks that America is so imperfect that he doesn't want to pal around here anymore. "Just to name a few"

    October 9, 2008 at 10:16 pm |
  29. Jamaal Lee

    I was wondering that is Barack Obama is elected President, will we have a revolt against him, or will Americans come together for the common good of our country?

    October 9, 2008 at 10:16 pm |
  30. Alice


    A 63-year-old widow living on a Social Security Disability income, I'm quit concerned how the current crisis and government actions will affect those of us in this position.

    Is there a possibility our benefits might be reduced?

    Also, should we not expect a cost of living increase at the beginning of 2009?

    Thank you.

    October 9, 2008 at 10:16 pm |
  31. Jolene, St. Joseph, MI

    I don't think going negative is the right strategy for the Republicans but I do believe there are a lot of people who still have doubts about Obama (especially here in Michigan).

    October 9, 2008 at 10:15 pm |
  32. Scott Thomas

    Hey Anderson I am a small bussiness owner can my company get some of that 700 Billion in bale out.

    October 9, 2008 at 10:15 pm |
  33. Bill Crawford

    How is it that Sarah Palin wants the press ask questions, but basically refuse to talk to the media herself?

    October 9, 2008 at 10:15 pm |
  34. Tillman Mosley Jr.

    McCain should be careful not to listen to a group of people (mob) that will do and say anything to win.

    October 9, 2008 at 10:15 pm |
  35. Lorna

    Hi everyone! Here's another gloomy day... I wonder how close are we to hitting the bottom and start going up again.

    Doug, i think, but i'm not quite sure, that short selling is illegal for financial services firms only - 799 firms. i think...

    October 9, 2008 at 10:15 pm |
  36. David B. Wilson

    When we hear about the market coming back, no one is talking about us who are already retired and depending on our IRAs and other stocks. We will die before they come back., We put money back for the nursing home, but now don't have it. That will force us into Medicaid. All of this is because of greed. We who sacrificed and saved are the ones paying the price.

    October 9, 2008 at 10:15 pm |
  37. Stephens - Georgia

    I'm a 58 year old who has a 401K with 96 percent Cash and the balance in Asset Allocation and Stocks. What should I do given my age. Are my funds more secure since it is in Cash. What should I do.

    October 9, 2008 at 10:15 pm |
  38. Joshua

    I am appalled by this bailout. I don't think I could be more outraged as a taxpayer. We are paying for AIG's lavish stays at 5 star hotels and resorts. They should have to give back every single dime they were given and fail like they were supposed to. Their CEO and high ranking officials should be put on trial and thrown in jail. It's unbelievable that they are doing this in a time of economic crisis. I wish there was something I could do but unfortunately the corruption and greed decides all. I really don't even know what to think.

    October 9, 2008 at 10:15 pm |
  39. Meredith, L.A.

    Those gentlemen speaking at McCain's Town Hall in Wisconsin have some very legitimate concerns. I am glad to see the gentleman "begging" McCain to do something about Obama's associations

    October 9, 2008 at 10:15 pm |
  40. Shawn Huggins

    Hey John,
    Quit campaigning and step up...We need a leader now! None of us doubts that you have the guts and determination to lead our country out of all of this. Americans don't have time for more campaigning. We need strong leadership now.


    October 9, 2008 at 10:14 pm |
  41. Peter Saccheri

    The sub prime mortage was a good idea if there were limits on how much you could borrow,The mortgage industry is to blame cause when it came time to adjust theese loans they got greedy and set the rate to prime plus5% which is 11% they did hot have to adjust them that high.

    October 9, 2008 at 10:14 pm |
  42. Catherine, Boynton Beach, FL

    Lovely - like we don't have enough problems in this country we have two intellectual bantam weights whipping up their Joe 6-pack constituents into a frenzy of hatred .Why am I reminded of so many petty dictators who use the same techniqus to pander to the fear and ignorance of the base during times of economic downturns? It is embarassing and pathetic!

    October 9, 2008 at 10:14 pm |
  43. George and Caroline

    We are retired and have lost 30% of our retirement nest egg. We've been 30% in cash and 70% in mutual funds split between US and World markets. What to do? We've heard "no copitulation; hang in there". What's one to do now?

    October 9, 2008 at 10:14 pm |
  44. Jason

    why would america wanna hear about the people that barrack supposedly has been around in the past when, McCain has been hanging around President Bush for the past 8 years the most corrupted group in america and well in history.

    October 9, 2008 at 10:14 pm |
  45. Adriana RM Marietta,Ga

    Palin and McCain are not talking about the issues!!!!! She and McCain are playing on people's fears. His own campaign has been qouted saying we have to get them off the issues. What are the Repbulicans running for class president ? This is not a poplularity contest.

    October 9, 2008 at 10:14 pm |
  46. Clifford

    It looks like the american dream is a pyramid scheme.

    I also think that what you see is globalization before your eyes and that to compete in that our wages are going to have to compete with these other countries therefore our standard of living is going tom change.

    October 9, 2008 at 10:14 pm |
  47. Tom Keenze

    Could the dorp in the stock market be the result of people realizing that the money they are putting into these public companies is being squandered in outragous salaries and perks for senior executives and board members? It's time to bring the compensation and perks of public companies in line with that of executives in other countries.

    A Japanese execuive would be embarassed to receive compensation so much larger than the average worker in his firm.

    October 9, 2008 at 10:14 pm |
  48. Dan

    wait for the stock market to hit a low of 7,500 then buy up as much as you can because the prices will never be that low again....

    October 9, 2008 at 10:14 pm |
  49. Bob Wallace

    I really do not understand why the government does not step in and modify every loan back to 30 fixed rates. It is very easy to see that this problem is going to resurface every year. If they do not stop the bleeding it will keep going on and on. I do not see the media talking about the multi million dollar homes that are in the same situation as the middle class home owners. We all need the same answers.

    Bob Wallace

    October 9, 2008 at 10:14 pm |
  50. Ponraj (Philadelphia, PA)


    Asia is falling!

    October 9, 2008 at 10:13 pm |
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