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November 24th, 2008
09:45 PM ET

Live Blog from the Anchor Desk 11/24/08

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Tonight, Anderson is off, Soledad O'Brien is in. The markets rally for a second straight session, cheered by the news that Citigroup received another 20 billion dollars of your money, and President-elect Barack Obama chose his economic team. Does the new team have the solution to the economic crisis? Does Citigroup deserve more money? Tell us what you think about these new developments.

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Filed under: Live Blog
soundoff (120 Responses)
  1. Megan Dresslar (Shoreline, Wa

    I was surprised 8 years old boy charged for murder, his mom really sad for him........ I disagree with police already have charged 8 years old boy..... I hope he will go home for thanksgiving this week.......

    November 24, 2008 at 10:28 pm |
  2. Renee

    The fastest stimulus would be to get rid of the federal gas taxes. This could immediately stimulate the economy. My gas is now $1.99 per gallon vs. $4.10 this summer. It would be fair to all.

    November 24, 2008 at 10:27 pm |
  3. William Courtland

    700 billion?

    for what equity?

    Definition

    Banks only hold your money, and transfers should be done through a federally protected postal system.

    Banks are independent, but lending should be an illegal practice as it is not investing.

    Investing takes the creation of a business to invest in.

    You all want the status quo, but it is failing. Please rethink what money is to you.

    It is only a tool of trade to me and can not be compared to the value of life unless that life is to be harvested. Work/service can be harvested, but when an animal is used to work it should be rewarded.

    November 24, 2008 at 10:26 pm |
  4. Dominick

    I dont get what all these economic problems mean.
    Who started them, what were and are the causes, who or what is responsible?
    I suspect fraud once again!
    Wasnt the 750 billion bailout in September supposed to fix everthing?
    I think people are being had.
    In 3 years will we look back on horror what we are doing?
    lets not forget what we did to the leadup to the war.
    was the war worth it?
    will these bailouts be worth it?

    i guess when i become a grandpapa in the future, my grandchildren will ask why? i will tell them i have no idea!

    November 24, 2008 at 10:23 pm |
  5. Shane

    What's the difference between the "National Economic Council" (Larry Summers) and the "Council of Economic Advisors" (Christina Romer)?

    November 24, 2008 at 10:23 pm |
  6. Candace from Canada

    My computer is like the economy tonight!
    It keeps on crashing!

    🙂

    November 24, 2008 at 10:23 pm |
  7. Teresa Estrada

    Don't understand why Citigroup used the first 25B to acquire other banks? Why not use the money to fix problems within?

    November 24, 2008 at 10:23 pm |
  8. Rikki, Fargo, ND

    I don't look at it as bailing out rich people...I look at it as bailing out industries which in turn bails out the average joes. The hope is that in bailing out these industries that they in turn wont have to lay off as many of those average joes that they have working for them.

    November 24, 2008 at 10:23 pm |
  9. Alex (Aliso Viejo, Ca)

    Good evening everyone. It is a promising day today for our economy. I am comfortable with Pres-Elect Obama's economic team. Stability and a sense of certainty for the future is always good for our volatile economy. Mr. Geithner appears less confused than Mr. Paulson even though I don't know much about him. Absolutely promising indeed.

    November 24, 2008 at 10:21 pm |
  10. bea

    Look down the road. Citibank? It will get worse before it gets better. There's a line of them about to fall.

    November 24, 2008 at 10:21 pm |
  11. elisabeth meier

    Jolene, I would also like to know if that is possible.

    November 24, 2008 at 10:21 pm |
  12. Chris, Ohio

    I just don't understand it at all, not at all. Read that Citibank is getting a multi-billion $ bailout, they have their share of "toxic" loans, yet the automotive industry is pretty much told "tough luck, you brought it on yourself". Yes, I do agree that perhaps they (Ford, Chrysler and GM CEOs) made a huge error in flying the company aircraft to DC instead of jet-pooling and maybe they were a teensy bit arrogant in their pleas for help. My question is: How many JOBS will the failure of the Big 3 affect? It's not only the direct employees, but what about the suppliers, the truckers, railroad and ship employees, the people in the towns that run businesses? What does the government tell them – sorry, you're just not important enough for us to help? Maybe it's more a case of "you're not RICH enough for us to help".

    November 24, 2008 at 10:21 pm |
  13. Mike, Syracuse NY

    Jolene, there is no Constitutional way Obama can take office before Jan. 20th. If Bush resigns, Cheney becomes Pres. until Jan.

    November 24, 2008 at 10:20 pm |
  14. MaryBeth

    I like what Gloria said: we need continuity. We need ppl running this govt who know what's what. We need ppl working on the economy who know what they are doing, what has been done, what didn't work, and fresh ideas to make it work. Just because ppl are "insiders" doesn't mean they can't bring change. Maybe they were just outnumbered by the status quo ppl.

    November 24, 2008 at 10:20 pm |
  15. Renee

    Soledad: Haven't seen you on 360 in months. Glad you are back! You are a GREAT interviewer. Firm but fair!

    Tonya: Love your idea! In addition to my credit card letter I had a letter from Uncle Sam today saying I owed him $56.00 for taxes!? So figure! The check is already down the street in the mail box.

    November 24, 2008 at 10:20 pm |
  16. Abdi

    great to see you soledad....cant wait to see your next investigative report ....hello blogers

    November 24, 2008 at 10:20 pm |
  17. Jolene, St. Joseph, MI

    Presidential pardons with Bush making the decisions. This should be interesting....

    November 24, 2008 at 10:19 pm |
  18. ericacnn

    happy monday, everyone
    hope you all had a good wkd...and are facing a shortened week!

    November 24, 2008 at 10:17 pm |
  19. bea

    To fix something you have to really acknowledge how it happened. Will Obama really try to get to the bottom of that?

    November 24, 2008 at 10:17 pm |
  20. Dominick

    Why do all the rich people get bailouts?
    What about average joes??
    wheres our money???

    November 24, 2008 at 10:17 pm |
  21. Jolene, St. Joseph, MI

    I'm hearing the idea that Obama should come into office earlier than January because of the criticalness of this economic situation. Can that realistically happen?

    November 24, 2008 at 10:16 pm |
  22. Megan Dresslar (Shoreline, Wa

    Is Anderson on Holidays?!
    Good for him if he is!
    Actually, he is in Los Angeles.......I am not sure. yes he is on holidays too.

    November 24, 2008 at 10:15 pm |
  23. Renee

    Gergen: Keep talking and getting us the scoop! Everytime Gergen talks the market goes up, up, up!

    November 24, 2008 at 10:14 pm |
  24. Candace from Canada

    Fay I also agree with Renee and yourself, I have really enjoyed Soledad's documentaries.

    It is great to see Soledad subbing for Anderson tonight.

    I thought the Jonestown documentary was facinating! Good Job I look forward to your next project. 🙂

    November 24, 2008 at 10:13 pm |
  25. Megan Dresslar (Shoreline, Wa

    I agree with you Renee.......
    I hope you have safe your credit card. just hang in there too.

    November 24, 2008 at 10:12 pm |
  26. tona dear

    1 IT would seem to me that the US needs a stimulus package without raising the deficit.

    2 We need a stimulus to help buisness and low income Americans deal with the holiday seasons.

    3 Send out the earn income credits early Based on 2007 tax return.

    4 You can easily do this because all the information is already in the tax information.

    5 There are several different ways to do this mathematically
    A. You could retrieve all money back from 2008 tax return
    B. Or you could charge percentage of that back in a 5 or 10 years period at 10 or 20 percent. This would keep the stimulus on going. In the tax payers can retreat all there money back.

    Thanks
    Tonya Dear

    November 24, 2008 at 10:12 pm |
  27. Jolene, St. Joseph, MI

    Hello Bloggers! We get a treat tonight. Soledad! Your investigative reports on Jonestown and New Orleans were excellent.

    November 24, 2008 at 10:11 pm |
  28. Colleen M., Duluth, Mn.

    President elect Obama seems to be bringing the brightest on board. Let's hope they are also the best. Happy Monday Soledad and bloggers!

    November 24, 2008 at 10:11 pm |
  29. Rikki, Fargo, ND

    The stock market is a mess and I fear that this up-rise in stock prices is going to be short-lived.

    November 24, 2008 at 10:11 pm |
  30. Mike, Syracuse NY

    I've yet to here anyone in the Bush administration or Obama team say how we will pay for all the bailouts and stimulus package. The answer appears to be 'charge it' ,which is what caused this mess in the first place.

    November 24, 2008 at 10:11 pm |
  31. David, Indiana

    Hi Soledad good see you, Erica, everyone. I hadn't thought of that but it definitely was a tag team approach today and that helped. Maybe not intended but that's how it worked.

    Why is this 20B injection into citi considered a 2nd bailout? Isn't this a continuation of the 700B rescue?

    David I was in a tail spin, thank God for the stock surge at the end of last week, and today, I feel it's due to Obama transition taking hold, also obviously citi rescue action today.

    November 24, 2008 at 10:10 pm |
  32. Candace from Canada

    Good Evening Soledad, Erica and Bloggers! 🙂

    Is Anderson on Holidays?!
    Good for him if he is! 🙂

    November 24, 2008 at 10:09 pm |
  33. Renee

    I have an old Citibank credit card with zero balance and a very high credit score. I got a letter today saying my interest rate would be 24.99% on purchases starting 01/09. In Florida, many home equity lines are being turned off and reduced. Hang in there bloggers!

    November 24, 2008 at 10:08 pm |
  34. MaryBeth

    Did Gergen just say "bejesus"?

    November 24, 2008 at 10:08 pm |
  35. Megan Dresslar (Shoreline, Wa

    That is good news for stock already up today! Thanks Ali Velshi for information the stock.........

    November 24, 2008 at 10:07 pm |
  36. Sarah in FL

    If we can't have Coop all the time, we should have Soledad.

    The stock market is a mess& I do not agree with any bailout. But there is no easy solution to the economic mess.

    November 24, 2008 at 10:06 pm |
  37. bea

    Here's what it is. Been trying to put my finger on it. Americans don't mind folks making money. They mind rewarding failure. They mind rich dumb folks still ending up ahead. This country believes in merit, naively perhaps. Kills me that the Senate and Admin. just realized strings had to be attached to a bailout.. Just kills me. How stupid ...

    November 24, 2008 at 10:05 pm |
  38. Megan Dresslar (Shoreline, Wa

    Bea!
    You're right about that! he did already gave many awards to their heroes!

    November 24, 2008 at 10:04 pm |
  39. Fay, CA

    It's nice seeing Soledad subbing for Anderson again and I agree with Renee–Soledad's documentaries have been excellent.

    November 24, 2008 at 10:04 pm |
  40. MaryBeth

    At least someone is doing something. This country can't wait til January 20. We'll all be broke by then.

    November 24, 2008 at 10:04 pm |
  41. Dulcie - Denver

    Good evening everyone. Challenging Monday, but I'm glad to relax with Soledad and Erica.

    November 24, 2008 at 10:03 pm |
  42. vanessa

    The government can’t get it right: they propose a bill to buy troubled assets, then change the initial plan and give out an additional $60 million to a company who has already received $85 million and now they have given $20 million to another financial institution and and people are still losing jobs. Do you wonder why we have a $10 trillion deficit?

    November 24, 2008 at 10:03 pm |
  43. bea

    Cracks me up that Summers can be repeeatedly called "brilliant" despite the fact that he puts his foot in his mount and is a lose cannon. Would love for someone to give Hillary a pass like that.

    November 24, 2008 at 10:03 pm |
  44. Renee

    Soledad: Welcome Back to 360! Love all the docs you are doing on the weekends!

    November 24, 2008 at 10:02 pm |
  45. elisabeth meier

    Hey everyone, good evening.... we had first snow of the year on saturday morning... wonderful 🙂

    November 24, 2008 at 10:02 pm |
  46. Donna

    If President Bush isn't willing to work on the economy thank goodness President-Elect Obama is assembling a quality team and ready to go!

    November 24, 2008 at 10:02 pm |
  47. Megan Dresslar (Shoreline, Wa

    I hope all of you bloggers have great weekend!

    November 24, 2008 at 10:02 pm |
  48. bea

    Hey Soledad, good to see you. Anderson is not "off." He is hanging out with the stars. We know. Dance with the bloggers that brung you ...

    November 24, 2008 at 10:02 pm |
  49. MaryBeth

    Happy Monday everyone! Hope you had a good weekend.

    November 24, 2008 at 10:00 pm |
  50. Megan Dresslar (Shoreline, Wa

    Hellooo Soledad, Erica and best bloggers!!!!
    Nice see Soledad have program here tonight!

    November 24, 2008 at 10:00 pm |
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