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December 22nd, 2008
09:44 PM ET

Live Blog from the Anchor Desk 12/22/08

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Here's how you can be a part of tonight's program. Just scroll down and share your thoughts on the headlines.

But please follow our rules.  Here are some of them:

1) Keep it short (we don't have time to read a "book)
2) Don't write in ALL CAPS (we don't like screaming)
3) Use your real name

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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 (396 Responses)
  1. Dulcie - Denver

    David Gergen,

    You're right, we need confidence and yet all I see is the entire economy going up in flames. I started cutting way back on expenses last spring.

    It's extremely hard to have much hope for an improvement in things either personally or as a nation. I've known for a long time that you can't pry money out of the hands of big-shots. Like Madoff, they'll just find another way to get it. Me, jaded? Just a little. I have high hopes for PE Obama's team.

    December 22, 2008 at 10:26 pm |
  2. Terry

    Anderson,
    I think it would have been better to give the billions to the American families whose total income is less than $100,000 per year. Debts would have been paid off – giving banks their money thereby helping them. Cars would have been bought helping the big three. This would have helped free up money in peoples budgets and people would be spending more for the holidays. Doing this would have helped everyone who really needed it and not made the super rich richer. I am not for free money. But if they are going to give it away, at least put it where it will help everyone.

    December 22, 2008 at 10:26 pm |
  3. Joe Ravez

    In my opinion, Congress and Sec. Paulson were so utterly stupid and naive to give away billions without oversight that it boggles the imagination. That's the real outrage here. Not that the CEO's are giving themselves huge pay and bonuses. That's what they've always done. But for Paulson to ask for money without oversight is unbelievable, and for Congress to give the money away without oversight is outrageous. Why doesn't CNN call them on it,? Why don't you create a Most Deadly list for Congress and for Senators who voted for this giveaway. When I think about the amounts of money involved, I can't help but wonder how much each one of these politicians expect will be coming back to them as payback in the future. Come on CNN, follow the money trail, if you've got the courage of your convictions.

    December 22, 2008 at 10:26 pm |
  4. Ron from South Texas

    I am very disappointed at President-Elect Obama's decision to include Rick Warren in any ceremony. I believe he is yet another pseudo-religious leader that is not interested in any inclusiveness except those that he might wish to be included. A phoney.

    December 22, 2008 at 10:26 pm |
  5. EJ (USA)

    Erica–what did you buy Anderson–we won’t tell

    A tie or a fake plant. Considering the whole "wii" thing didn't go over too well for his birthday, his co-workers probably went back to something a little more boring.

    December 22, 2008 at 10:25 pm |
  6. Becca

    These CEOs and their henchmen have NO SHAME! I have a credit card with one of these banks, I have always paid on time, have a high FICO # and they raised my interest rate to 22%! And now they are wanting me to pay twice as much on my monthly payment than last month...what is going on with these banks. We the public are letting them get away with this...I think we ought to take the CEOs on a tour around the country in a wagon so we can all get a good look at them and maybe throw eggs at them. This is insane. I've been told by my employer we will not be getting raises next year and on top of that the managers have goals to out source at least 90% of new work, out source to other countries...and I work for a defense contractor! What are we Americans going to be left with?

    December 22, 2008 at 10:25 pm |
  7. Gary

    We hear bailout, bailout. Has anyone said where the money went? Money does not just disappear. If someone has it don't it get put back in a bank or invested some where? If some one losses money some one else gains money.

    December 22, 2008 at 10:25 pm |
  8. Mike Schnieders in southern Indiana

    My banks charges me to put my money in a savings account that only draws 1.75% interest. with me not being able to put much in, I get screwed. I would save more by buring it in my back yard

    December 22, 2008 at 10:25 pm |
  9. Althea Edwards

    I can tell you where the money is going. In my statement from Chase,
    I received the following promotion: "Open a WaMU Free Checking account and get a 100.00 Bonus!

    Althea B. Edwards
    Fort Lauderdale, Fl

    December 22, 2008 at 10:25 pm |
  10. Joe Terrogano

    The fact that anyone would bother too listen to Cheney is ludicrous. His comments of his "consequential role" just showcases his narcissism, obviously a prerequisite in the Bush Administration. The consequence of his role is to support a failed President and to ride this country into the ground. This is a creepy individual who helped to dismantle the Republican Party. Go back and crawl under the rock from which you emerged. Thank God you never had a chance to assume the Presidency. That would have trumped this recession in terms of an American tragedy.

    December 22, 2008 at 10:25 pm |
  11. Brandi - bottom of the boot

    @Sandi,

    beware the capital one predators out there right now, my fiancee just fell for it, luckily, i realized what he did as soon as he did it and called the bank.

    December 22, 2008 at 10:24 pm |
  12. Mike, Syracuse NY

    It's interesting that normally when Congress appropriates money, the Administration can't move more than $4 million without their approval. Yet for the bailout Congress appropriated $350 million with no controls at all.

    December 22, 2008 at 10:24 pm |
  13. John D. Cusack

    Thanks for the chance to comment....regarding executive compensation for financial executives...nothing short of outrageous...the only thing less comprehensible is the feckless congress that apparently refuses to oversee tax dollar expenditure properly or is just not smart enough to do so...God help us!

    December 22, 2008 at 10:24 pm |
  14. dan

    Hey Anderson, yeah, there will still be some shopping this year – not that much though.... Just wish there was some way to monitor those bailouts, e.g. task force, reports or federal investigations; I mean we really do need to know where all the money is going. I don't even think they've already invested it in boosting growth.... Maybe that slight positive spike in the economy when the bailout was introduced was just a placebo effect... Anyway, we need info on bank spending specs....

    December 22, 2008 at 10:24 pm |
  15. Ken

    If we can find a bank that hasn't taken any money from the TARP funds, we'll be moving our business accounts to that bank. Customer's control the economy, so it's time to put our money where it's appreciated, not scorned.

    December 22, 2008 at 10:24 pm |
  16. Megan Dresslar (Shoreline, WA)

    Tell Ed Henry
    I hope you have fun time in Honolulu with your producers!!!! Don't forget sunblock!!!! I agree with EJ (USA)

    December 22, 2008 at 10:24 pm |
  17. Ingrid from Northern VA

    Nooooooo, not Sarah Palin before Christmas!!!!! I was just getting happy about SP free broadcasts:)

    December 22, 2008 at 10:24 pm |
  18. Chere

    It is very difficult to have cofidence in the Washington and the economy with all these major unaccountable bailouts while not much is being done for the American homeowners who still see no end to losing their homes. Has the govt considered giving THEM a program that will directly affect their finances immediately! Who are they REALLY concerned about ?

    December 22, 2008 at 10:24 pm |
  19. Dave - NJ

    Henry Paulson was one of the biggest beneficiary of these outrageous bonuses and many of these executives are his friends. It is foolish to believe that we can take a Wall Street lifer and expect him in 2 years to make an about face and control the excesses and greed he helped to perpetuate.

    December 22, 2008 at 10:24 pm |
  20. Imani from Maryland

    No No NO. Anderson you are ruining th streak! Do you know how long it has been since you did a story on her! Just when i think i'm out you pull me back in!!!!

    December 22, 2008 at 10:24 pm |
  21. Mike - Hampton Roads Virginia

    Happy Monday Anderson – All most finished with shopping.

    It is interesting to note the Michael Vick down fall all started over a small time drug dealers arrest. The resulting search for additional evidence opened up Micahels Pandora box of gambling, dog fighting and other horrors.

    December 22, 2008 at 10:23 pm |
  22. EJ (USA)

    No shoping for me this year, I have been
    jobless for the past three mounths. have been
    looking for any kind of job with no success.Pray for
    me folks becouse am loosing it.

    If you're losing it after 3 months, you really do need all of our prayers to get through the next 9 months... but hopefully you won't have to wait that long.

    December 22, 2008 at 10:23 pm |
  23. Larry

    Awesome! Each member of Congress is getting a $4700 pay increase. Guess they can afford to buy some xmas gifts for their homeless relatives.

    December 22, 2008 at 10:23 pm |
  24. Rikki, Fargo, ND

    ...and why would Joe Biden ask Dick Cheney for advice? I agree with Joe Biden, Cheney does need to do some reflection on his terms as vice president!

    December 22, 2008 at 10:23 pm |
  25. jerry coleman

    america have lost it's mind, if we did not no what kind of fools we have in the white house after what mr cheney said yesterday, we should lock the two of them up.

    December 22, 2008 at 10:23 pm |
  26. annette

    Billions went to the top. Add up all the bonuses and perks and excessive
    salaries and redistribute it to the shareholders. my $350,000 portfolio is
    now worth half and I have no way to make it back, or let these executives bail out their corporations, then we, the government wont have to.

    December 22, 2008 at 10:23 pm |
  27. Brandi - bottom of the boot

    @Anne,

    I know the feeling, you got my prayers sweetie.

    December 22, 2008 at 10:23 pm |
  28. jorge PE

    shopping day! i just did some company to my mom.

    December 22, 2008 at 10:23 pm |
  29. Ashley - Hamlin NY

    Haha..."Joe Biden hasn't asked Cheney for any advice." Shocking news.

    December 22, 2008 at 10:22 pm |
  30. tom bolte

    Why are these people getting all of this money without some kind of
    accountability,I am a tax payer ,and i want to know where my money is going, If I bounce a check at my bank it cost me $35.00 dollars to take care of it. These people have bounced the biggest checks that will ever be seen in my lifetime.

    December 22, 2008 at 10:22 pm |
  31. Kevin Miller

    I'm surprised that people are shocked that the CEOs of the Financial Institutions recently bailed out are taking big bonuses. Rember these guys have been getting rich of their employees as well as the customers and Stock Holders they are supposed to represent. To think that they would somehow have a conscience just because the tax payer is now footing the bill is just naive. The fact is that we have been sold out by the Bush Administration again since they are the ones that handed over the hard earned $$ of the tax payers to these CEOs with no oversight. We should not be surprised but we should be outraged!!!

    December 22, 2008 at 10:22 pm |
  32. Glen Up North

    Brandi – my Mondays are happy. This past month and a half, they're my only day off. 😉

    As for credit cards, I curbed my credit card use extraordinarily by cutting them all up. Now, I'm wondering if I should get one again. Mind you, gift cards (a la Master or Visa) cover any necessary cc purchases, so maybe credit cards aren't the "necessity" they once were?

    December 22, 2008 at 10:22 pm |
  33. David, Indiana

    Good discussion about 700B rescue w/David Gergen and Joe Johns. I agree Wall Street bonuses have been huge for a long time, I do think there are some controls on those funds, haven't we bought stakes in some of these banks that might bring returns for the taxpayer

    I feel PE Obama's stimulus is more an infrastructure refurbishing plan.

    Yep, nice work on the beach there for Ed Henry, it's hard not to notice all the bikini clad beachgoers

    December 22, 2008 at 10:22 pm |
  34. Ken

    And no, I'm not doing any shopping. We are working very hard to keep the business open, there is no extra money for gifts. My sister may be loosing her home soon, my niece already has. It doesn't feel much like a holiday season this year.

    December 22, 2008 at 10:21 pm |
  35. Monica M Williams

    I'm one of those people who shop all year round. So when December comes I'm done. Call it a little crazy but it works for me.

    Is Governor Palin going to give us shoulda, whoulda, coulda’s two months after the fact? She only gave a few interviews and floundered at those attempts. Augh! I would have silenced her as well if were John McCain. Wait. What am I saying. I would have never picked her.

    To Big Daddy AC, Lady E, crew and everyone in the round: May love reign in your heart and it’s glow illuminate from your spirit this holiday season. Merry Christmas! : )

    December 22, 2008 at 10:21 pm |
  36. bill

    Why don't they give us the money so we can wipe our slates clean, and give us a fresh start like the banks.

    December 22, 2008 at 10:21 pm |
  37. Rikki, Fargo, ND

    I do think that we as an American people do have some confidence in our banking industry otherwise we wouldn't have savings accounts or checking accounts or credit cards...all of our money would all be stuffed in our mattresses.

    December 22, 2008 at 10:21 pm |
  38. Peter Novi, Michigan

    We are not having a Christmas this year so we did not have to do any shopping!

    December 22, 2008 at 10:21 pm |
  39. Robert Schierburg

    Politely invite to CEO’s of the banks that accepted the 350 billion dollar bailout to a “stay” in the nearest federal prison. Reassure them that their stay will only be a long as it takes for their accountants to provide an accurately accounting of the money.

    December 22, 2008 at 10:20 pm |
  40. Robert

    If you really want the ecomony and employment to increase. You take the 350 billon dollars left and give to the 350 million people that pay taxes. Know, I do not know much about politics, but if this was done properly, everyboby would win. Not just the banks that still fly in there privet jets. The plan I have, is for the pay out to be in checks made out to the tax payers crediters. Think about it, People would pay off there houses and the banks would still get there bail out money and people would have more money to buy thinks for Christmas or what ever needed. It seems like no one really cares about the paying the bill.

    December 22, 2008 at 10:20 pm |
  41. Oren Clifton

    There is no more a middle class its the have's and the have not. With out the middle class no cars will be bought , not because we need better we just don't have a job to pay for one.

    December 22, 2008 at 10:20 pm |
  42. Michelle

    Will anyone just admit we have been duped...Wall Street is one big pyramid scheme...Something made out of nothing....Love your show Anderson!!!

    December 22, 2008 at 10:20 pm |
  43. Janine from PA.

    By the way never mind the shopping I'm freezing!!!!!!!! Brrrrrr!!!!!

    December 22, 2008 at 10:20 pm |
  44. Nancy

    Hi Anderson,

    No shopping this year. No one needs anything, so we decided to just spend more time together. That's really the best gift.

    Did your flight ever take off or were you stuck in NYC all weekend.

    December 22, 2008 at 10:20 pm |
  45. Peter Medina

    To me this "lost" bailout money is business as usual. The gov't confronted them on their abuses but trusted them again with bailout funds!! Easy, you want bailout money, no raises or bonuses for employees making over 250k. Pay the bottom group of employees who are the muscle behind these banks the bonuses.

    December 22, 2008 at 10:19 pm |
  46. Glen Up North

    Well, Happy Holidays to all. Thought I'd drop in here on my birthday to see how everyone was doing amidst the economic uncertainties... and the cold weather that's been hitting parts of North America! My Christmas shopping is done... and through a weird, unexpected series of coincidences, I don't have to wrap a single one! (...or maybe just one...)

    December 22, 2008 at 10:19 pm |
  47. Ashley - Hamlin NY

    My parents own two small businesses and make marginally less than 50k a year. Yet the bank suddenly started charging them for insane and weird service fees (such as "depositing too many checks" into an account).

    I want my parents to tell the bank to take it off the tab that they stole from them as taxpayers!

    December 22, 2008 at 10:19 pm |
  48. Greg, Austin Tx

    Uh oh here comes the Warren story. Hot topic that one. I hope this whole blog doesn't fill up. Blogs been known to do that when the name Rick is mentioned.

    December 22, 2008 at 10:19 pm |
  49. sandi

    about 10 times a day capital one calls me for payment on a 300 balance. With fees it has doubled to 600 in 2 months. I throw my shoes at them.

    December 22, 2008 at 10:19 pm |
  50. Candace from Canada

    Had I known I could of sold an Egg or 2 that would have perked up my holiday spending! lol 🙂

    December 22, 2008 at 10:19 pm |
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