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December 16th, 2008
09:45 PM ET

Live Blog from the Anchor Desk 12/16/08

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Tonight on AC360°, the biggest Wall Street scam ever and why the SEC chairman is "gravely concerned by the apparent multiple failures" in its dealings with Bernard Madoff. How did the so-called "Sheriff of Wall Street" miss his alleged $50 billion scam for so many years? We're keeping them honest. Plus,  tonight's other headlines.

We'd love to hear your thoughts on the headlines.  Just scroll down and share your thoughts on tonight's stories.

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And take a look at our live web camera from the 360° studio. LINK TO THE BLOG CAMERA


Filed under: Live Blog
soundoff (262 Responses)
  1. Brandi - bottom of the boot

    @ mike,

    of course the voters have the right to question caroline kennedy's qualifications, but the governor has the right to appoint who he sees fit at this time, there will be a vote in 2010, right?

    December 16, 2008 at 10:34 pm |
  2. CaseyJ - Palm Springs, CA

    No citizen should be chastized for wanting to serve their country or run for ANY office. When we criticise people for running who don't have a lot of (government) political experience and then turn around and complain about seasoned politcians, we're just talking out of both sides of our mouths. We should embrace people who want to step-up to the plate and stop being hypocritical.

    December 16, 2008 at 10:33 pm |
  3. CAROLYN JONES

    caroline kennedy is the best choice. i hope hilary"S supporters remember that she invoked bobby kennedy"s name during the primaries during the time he was killed. hillary people please let this one go.

    December 16, 2008 at 10:33 pm |
  4. Imani from Maryland

    Ashley: maybe by reporting to the feds he was trying to heelp the corruption...

    December 16, 2008 at 10:33 pm |
  5. Anthony

    It not what you no it is who you know still holds true

    December 16, 2008 at 10:33 pm |
  6. LisaL - Canada

    Alice in Wonderland indeed ... the blue pill or the red pill ... follow the white rabbit...

    this has GOT to be the strangest combination of events and circumstances I'VE ever been aware of.

    and, yes, who said it gets "curiouser and curiouser". SO right -lisaLJL

    December 16, 2008 at 10:32 pm |
  7. pati mc., camp hill, pa

    ed koch endorsing caroline. sweet. that is good news. and she is talking to hillary. this should be interesting. i like her, always have.

    December 16, 2008 at 10:31 pm |
  8. Mike, Syracuse NY

    Hey Koch, the voters on NY have the RIGHT to question her qualifications. NO coronations!

    December 16, 2008 at 10:31 pm |
  9. Gisselle - Houston TX

    My profound condolences goes out to the Walsh family because the pain of a loved one's loss never goes away. What a sad story, heartbreaking indeed.

    December 16, 2008 at 10:30 pm |
  10. Minou, New York City

    It seems to me that Kennedy would only get the job for sentimental reason rather than for her qualifications. There are hard working men and women out there who are deserving of a senate seat. We need a meritocracy, not patronage.

    December 16, 2008 at 10:30 pm |
  11. David carpt

    Ms. Lynn,
    People are crucifying Governor Rod with pout the REAL fact on the table.
    the Governor should stay and punish the banks.

    December 16, 2008 at 10:30 pm |
  12. Mike, Syracuse NY

    I wonder if Jackson was an informant because the Feds have something on him too and 'turned' him.

    Gina, If that's true he can still answer questions. There may not be anything illegal, but I bet there's something politically embarrassing.

    December 16, 2008 at 10:29 pm |
  13. Amanda

    Unfortunately, my husband and I who are hard working, middle class, tax paying citizens were victims of a Ponzi scheme. Devastating. Painful! We performed our due diligence and found no irregularities. He was found guily and committed suicide while awaiting a presumed life sentence. I don't understand why the SEC does not regulate hedge funds and why there is no accountability

    December 16, 2008 at 10:29 pm |
  14. Gisselle - Houston TX

    What else are we going to find out about Mr. Jackson?

    Hmm...too many things are coming out lately, everyday I wake up thinking oh no, here we go again...something new is gonna come up and it will lead to this huge disaster, a political disaster that I won't even mention...I'll just keep my suspicions to myself.

    December 16, 2008 at 10:28 pm |
  15. Kary

    who is going trust Jackson jr. does anyone think that his career is over??? do you think that the good rest of the so called peers are going to trust him??

    December 16, 2008 at 10:28 pm |
  16. Don, WA

    Yes, well put, there is a "certain odar" about this whole thing David Gergan – I'm glad we can still smell it though, even though we're accustomed to it.

    December 16, 2008 at 10:27 pm |
  17. Maureen T

    Anderson,
    I remember the Adam Walsh story back in the 1980's. To think Adam Walsh would have been around 33 years old now...I'm happy for the Walshes that the case has finally been closed.

    December 16, 2008 at 10:27 pm |
  18. Jo Ann, North Royalton, Ohio

    Poor John Walsh. I know there is never closure when someone loses a loved one so tragically, but maybe he can find a little peace now.

    December 16, 2008 at 10:27 pm |
  19. Ashley Goltermann - Hamlin, NY

    With our government as messed up as it is, I want to know when Jesse Jackson Jr. has the time to inform the feds. I don't think that's what he was elected for...

    And as far as President-Elect Obama and the Governor Blagoveich, what happened to innocent until proven guilty?

    I hope everyone's prayers are with the Welch family.

    December 16, 2008 at 10:27 pm |
  20. Naissa, Texas

    Gosh, to this day, the story about John Walsh's son makes me so angry. That poor child.

    December 16, 2008 at 10:27 pm |
  21. David W. Maryland

    Anderson,
    You stated that investgators said Jesse Jr. was an informat.
    As Gary stated in his piece, officials will not confirm or deny that.
    PLEASE be clear how you tell the story. Right now the only people saying Jesse informed are JESSE’S PEOPLE! Smells like a cover to me. A tactic to show “HEY JESSE WAS NOT TRING TO BY THE SEAT”!
    Be careful…there is WAY more to this!

    December 16, 2008 at 10:27 pm |
  22. pati mc., camp hill, pa

    john walsh has been such an amazing example to parents of lost children for so many years. he was the voice of hope to so many. it is about time that he and his family get the peace they deserve. god bless them and rest in peace adam.

    December 16, 2008 at 10:27 pm |
  23. EJ (USA)

    Caroline Kennedy has my endorsement.

    December 16, 2008 at 10:26 pm |
  24. Ryannia

    JJ Jr. way to go....
    If we tell the truth, your hated on...
    If you lie is the american way....

    Come on people...whats wrong with you. No wonder wallstree, government, and buisness ceo's are stealing your money.

    Get over it.

    December 16, 2008 at 10:26 pm |
  25. Jo Ann, North Royalton, Ohio

    Anderson, Good point about Jackson, he was disingenuous during this press conference to say the least. If he had come forward sooner about the shakedown maybe the feds could have acted earlier against Blago.

    December 16, 2008 at 10:25 pm |
  26. Rikki, Fargo, ND

    I don't think Obama is being arrogant about the issue I just think that he doesn't want this scandal to overshadow the good that he is trying to accomplish with his appointments and his transition.

    December 16, 2008 at 10:25 pm |
  27. Minou, New York City

    I agree with Mr Gergen, there's probably an entire rat's tail attached to the whole thing,and it's gonna come to light soon.

    December 16, 2008 at 10:25 pm |
  28. Clyde

    "We deserve a real Senator, not a Fairy Princess."

    Mike, that's just mean and baseless. Let's not start name-calling.

    December 16, 2008 at 10:25 pm |
  29. Ken in NC

    David if Obama has said that they have completed their internal investigation on who may have communicated with the Gov. office and that the FEDS have asked them to hold off on releasing their findings until next Tuesday what can one hope to derive from continuing to ask for information after being told they cannot talk about at the request of the FEDS?

    December 16, 2008 at 10:25 pm |
  30. lynn

    I titally disagree with Joe Johns' comments. PE Obama was clear yesterday that he was not going to release details at the request of the prosecutor which was verified .

    The reporter knew that yet was showboating by asking anyway. I thought PE Obama showed backbone, and integrity. He is not going to play politics as usual and the press is going to have to get used to it!

    December 16, 2008 at 10:25 pm |
  31. Gina - Missouri

    Mike, didn't the feds ask Obama to hold off releasing staff contacts?

    December 16, 2008 at 10:25 pm |
  32. Kathy, Chicago

    Didn't Jessie Jackson Jr run Obama's campaign? When did he have time to snitch?

    December 16, 2008 at 10:24 pm |
  33. pati mc., camp hill, pa

    oh david, it sure is out of alice and wonderland. i expect the mad hatter to show up at any moment. at this rate, he may be the voice of sanity.

    December 16, 2008 at 10:24 pm |
  34. Jolene, St. Joseph, MI

    Not only did Jesse Jackson Jr. not mention being an informant during his own press conference, he never mentioned anything during his interview with Don Lemon. This news today is just weird.

    December 16, 2008 at 10:24 pm |
  35. Brandi - bottom of the boot

    ok, wait, didnt i read just before the show that Mr. Jackson denied informing on Blago regarding the Senate seat?

    December 16, 2008 at 10:24 pm |
  36. Vanessa, Silver Spring Maryland

    Obama wants nothing more than to release the info on his staff contacts with Blago, but Fitzgerald told him to hold off for a week.

    December 16, 2008 at 10:24 pm |
  37. Mike, Syracuse NY

    If C. Kennedy got elected on her own, that's one thing. But the Gov. has the responsibility to pick the BEST person, not the politically connected person.

    December 16, 2008 at 10:23 pm |
  38. Candace from Canada

    @ Ken in NC
    I like the way you summed that up about Jackson, either decision for him has major consequences.
    Odd that being 'labeled a snitch' is almost worse than saying nothing.

    December 16, 2008 at 10:23 pm |
  39. Paulette Howard

    I'm appalled daily by the behavior of people in positions of responsibility and the lack of prosecution of these people–no, not prosecution, how about fining...yeah, they might think twice about getting fined. Like there was some type of fear for the behavior and actions they've shown. Thanks Anderson :~)

    December 16, 2008 at 10:23 pm |
  40. pati mc., camp hill, pa

    obama needs to address some of these issues. he had better get used to the media and their tough questions. he has held out long enough. he needs to speak up. he has to have valuable things to say about this issue, and i undestand he needs to use caution. but still...

    December 16, 2008 at 10:23 pm |
  41. Amy

    Why is JJ Jr. worried about informer versus informant?

    If anything he should be proud of doing the right thing and setting a good example.

    December 16, 2008 at 10:23 pm |
  42. Vig

    Obama's arrogant put-off's are anything but transparent. Is this what the American people can expect when he doesn't want to talk about something when he is President? Think he's not accountable?

    December 16, 2008 at 10:22 pm |
  43. Jo Ann, North Royalton, Ohio

    Obama is continuing his arrogant attitude towards the media. The same people who helped him get elected.

    December 16, 2008 at 10:22 pm |
  44. Mike, Syracuse NY

    For a guy who ran on transparency Obama sure is dodging a lot of questions on Blago. Why doesn't he just release the info on his staff contacts? The MSM needs to press harder. Don't ask questions about ANYTHING else until answers on Blago.

    December 16, 2008 at 10:22 pm |
  45. Taylor-Chicago

    In response to David Gergen's question about Jesse Jackson Jr., I have to admit that I am impressed by Jackson's bravery at even saying anything to the feds. Illinois is well known for corrupt politics-which is sad to admit- so for him to point out the ones who are doing wrong is somewhat encouraging to someone who lives here.

    December 16, 2008 at 10:22 pm |
  46. Tray

    If you can afford to send your child to a private school which would more than likely gurantee them a quality education why not. The reporter that asked him that asked a stupid question.

    December 16, 2008 at 10:22 pm |
  47. Rikki, Fargo, ND

    CaseyJ...AMEN! We have no system! That is the reason for all these problems!

    December 16, 2008 at 10:21 pm |
  48. Jolene, St. Joseph, MI

    David Gergen: Perhaps the issue with Caroline Kennedy is that she came out from nowhere to now want to be in politics. I know that her father would have loved her to be doing this but at this time, we don't know what she stands for, other than her passion for Obama. Perhaps she should wait and run later.

    December 16, 2008 at 10:21 pm |
  49. Brandi - bottom of the boot

    clarification...i would love to see Caroline Kennedy carry on her families political traditions, not tragic ones.

    December 16, 2008 at 10:20 pm |
  50. Ken in NC

    Good evening Anderson and Erica and all Bloggers.

    WOW Now this is truly a double edge sword for Congressman Jessie Jackson. His honor and creditability is at stake by his association with Gov. Blagojevich and if he clears this possible tarnishing effect, he will then be faced with being labeled a "Snitch". His problem then is that no one likes or want a snitch around. If he is so fortunate as to recover and come out from under one cloud, he will walk right out and under another. It is a sad day for him but then I guess he made what he considered to be the right decision.

    December 16, 2008 at 10:20 pm |
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