Live Blog from the Anchor Desk 2/11/09
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Do you have more details on the home buying credit? Is it only for first time home buyers? Thanks
Suze – We are one of those families who has no credit card debt, did not buy "too much house," quietly continue to pay our 20-year mortgage consistently and on-time, and have a credit rating of 844.
My husband was laid off last July and has yet to find full-time work. We are both doing as much freelance work as we can to make ends meet but with two elementary school aged children, it's been tough on everyone.
All we wanted to do is refinance to a 30-year note so we can get some relief through this period, but like many others in our situation, we are one of the silent victims in this mess. We can't qualify because of our current inconsistent income and cannot get a modification because we haven't defaulted.
Who can we and others like us go to to have our story heard and get help?
JoAnne in Missouri
The government should not act in the society, and not in the market?
If the government controls the company, he moderates the market.
But what the government does? Intervenes in the market. The thing becomes a monster of Frankenstein. The creature turns against the creator.
They should have forced the peanut butter guy to eat his own product. So much corruption, lies, and deceit on Wall St. and Washington. Who looks out for us? Definitely not the media
Yikes. Honesty and transparency would be great in government and in banking. Don't these people realize how sleazy they look? I hope they keep a good record of the stimulas payouts.
Good evening to all. I just finished watching Larry King Live and the crew of the plane that went down in the Hudson. It is amazing to me...that 155 people can come together, figure out what to do and connect in a way that they will always think of each other, but 500 people on Capitol Hill cannot work together (letting politics get in the way), for the future of the entire country. Maybe we should hand the entire economic problem over to Sully and the gang. What has this world come to? It makes me cringe to hear all the Democratic/Republican Bull.
I don't know what makes me angrier...the Bank CEO's (people wonder why I like banking with a small, local bank) or that ridiculous answer from the peanut butter company president...being so callous with human lives.
Ashley...it does paint quite a picture!
The middle class is being thrown peanuts...bad peanuts.
MATH 101: 700 billion TARP + 700 billion Stimulus divided by 300 million Americans = $4667 each. My family of 5 will take the $23,000 and put it DIRECTLY into the economy. Problem solved.
It's good to see the youth of America getting more involved in our country politically when they can. What can younger people, say college students, do to help the struggling economy?
Regarding the peanut butter jerk: if you sicken or kill your customers, that will lose you more money in the long run.
Hey Anderson
My husband and I were watching your show. You were covering the Bank CEO's day on the Hill. You reported the 8 CEOs had a combined bonus of $191 million dollars ... was that in 2007 or 2008?
If that was their combined bonuses for 2007, then why were they drilled by the congressmen about their bonuses when the TARP money was distributed to the banks in late 2008?
If the $191 million in bonuses was reflective of their 2008 bonuses, then that is another story.....
Please clear this up....
question for suze: Like millions of others, my 401[k] has greatly declined in value. So has the 100K or so i had stashed in a fund indexed to the market, and so has the value of my home. I'm assuming that the only thing i can do is ride it out and just keep it all where it is and not sell anything. I won't need the funds for at least ten years and i am employed with a reasonable degree of job security. what do you think?
I would make them eat their own product instead of jail
Between, the CEOs, the GOPs(-3), Pelosi and Reid we are totally screwed. Everyone in position(except the president and vp) to look out for our interests are screwing us around.
That is why we will not get far, witch hunt.... Financial Advisors can move to another company and move with their clients. Why wouldnt they get retention bonuses when companies merge?
How about putting online anyone who got a subprime loan, searchable by city/state? time to find out those who are trully responsible for bringing home prices down.
Cooper, thanks for giving us his name and face. Too bad we couldn't get his address. It makes me sick.
That woman does not look like Angelina Joli. That woman looks crazy. Angelina Joli looks like Angelina Joli.
Anderson-
With so many people looking for work...
Where/How would these supposed financial adviser's be going so quickly to other places?.... So that banks give them so much money to stay.
Just curious?!
Miranda
I do not like the comparisons between Angelina Jolie
and the octuplet mom. It is like night and day and a bit
of an insult.
Hello again - Good to read your many comments. It appears that while a good many of you are unhappy with the education cuts, most of you are pleased that a compromise has been reached and you continue to be impressed by the President. Also took note how many of you were critical of the CEOs - and of Tim Geithner's debut yesterday on the bank bailout. Personally, my growing concern is whether this stimulus - and perhaps even the bank bailout - will be big enough to turn things around. Great comments about Michelle and Vogue Magazine.
question for Suze Orman": Should I refinance my home equity line which is at 1.01 below prime. I am only paying 3% interest but if inflation starts up rate will rise in the future. I can only get around a 5% fixed at this time.
Thanks.
Thanks for showing the peanut butter guy. He deserves our scorn...and then some.
He is the peanutiest! 🙁
Thanks Anderson for showing us the peanut CEO and letting us see his name but sure his mug shot will be posted in the post office with the rest of the most wanted when he skips town with his CEO bonus. He would be stupid to not run at this point.
Maybe the Peanut Processor guy used to be a banker!
Same mind set – whether it is knowingly putting tainted product out there, or giving out multi million dollar bonuses with tax payers money when there is no money and the country is bankrupt!
GREED harms soo many lives!
Suze:
For many, aging can bring some unpleasantness...health issues, lower standard of living, etc. Some are now reluctant to use their retirement assets to enjoy their senior years as they fear the future. Instead of living with some minimal comfort, many seniors I know are going back to work and hording any retirement they have. What horrible senior years.
what do i think of the package? i'm a senior, i'm going to get $400 wow!! my ira is in the trash can, my property taxes are going through the roof. i may have to sell my house (if i can find a buyer) and move into an apt. what's the government going to do to help us seniors??? we need help!! many of us are going to run out of money, we have lost so much with the market losses. i'm not happy with the $8000 for first time buyers, doesn't help me, nor the deduction for a new car, i can't afford one anyway and no one will hire me because i'm too old and besides that where are there any jobs to go to anyway? we seriously need help out here.
COME ON AMERICA!
Are you kidding me? I look at these bail outs, the banks, the government and ask this very question; Are you kidding me? Our economy is dying because of this very spending that we are seeing today. $60,000,000,000.00 (+) in debt is not what's going to save us. We need to CUT government pay (by half or more), CUT bail outs (completely), CUT greed, and persecute those that have fraud Americans from their money. Spend OUR money on Schools, Military, anything we NEED to survive. Then the rest goes to the National Debt. When I run for any office, this is what I am going to do.
But Wake Up America
"We think you should see what he looks like and know his name..."
Anderson, you sounded a little sinister there. Haha.
to Dulcie from Denver – I think you have it all wrong! the Repubs are all for the tax cuts- just not wanting to give money to people who don't even pay taxes. I switched and voted for Obama but am already disillusioned with him.
I watched the supposed "flogging" of the group of banking CEO's today taking questions from members of Congress. Although there were a few politicians that were obviously "grandstanding" for their constituents, the majority of the procedures were very civil and actually quite even tempered. Why did your news program air just the most vehement and verbose questioners in the hearing? Sadly, in the search for higher ratings, you are turning into just one more news organization seeking sensationalism and not objectivity.
Why is citicard,Chase CC and others raising their Credit card rates
for no reason, i carry a small balance (under 3000.00 for all my cards
) and citi raised my rate from 7.99 to 14.9 for no reason I been with them for 10 years and they say you can opt out to save the rate but when the card expires you are no longer a customer.
we gave them bailout money and this is how they repay us.
Knowing that the peanut butter was toxic he let the public consume it for $$$. He's got karma coming his way. That's nuts!
Why does Angelina Jolie not raise Sullivan's kids? she has the money, and is a perfect match between moms! both think the same way, except one has the money, it seems a perfect match, watch history 15 years from now between these two moms!
Another item; the basis of the stimulus package is that government spending will allow the business sector to regain a normal operating level. If fundamentals of American business profitability have been erroded, where manufacturers,eg. auto makers, information technology, durable goods producers, find that operating costs of energy , materials, health care and taxes have reached a critical point,
there may be little re-hiring. It would be like trying to start a car with major engine trouble...we have to address any additional underlying costs of doing business within the U.S.
Candi, not only does Angelina have a partner and the financial means to care for her kids, a good few of them are *adopted*–meaning rather than breeding like a rabbit as you're accusing her of doing, she took three kids who would have had extremely difficult lives and gave them a loving home in which they will want for nothing. Why should she be responsible for the "influence" she has on voting adults who should be able to make their own decisions without copying celebrities? It's not her fault the woman's nuts–she's a UN ambassador for God's sake. I don't see how you could possibly compare the two.
Gee, i should have tried to run for president in 2000.
Who knows.... I might have been able to stop all this.
I just bought a home as a first time home buyer. What incentive do I have to take the 7,500 dollar credit if there is a better one out there now which there is no repayment? Is it retroactive? Why should I have to pay back 7,500 when the new bill gives 15,000 dollars with no repayment...
good evening that is so criminal now hiding behind the fifth
hello anderson im from virginia and i was wondering why does all of your reporters call the presdent obama barrack obama and not the presedant as he is suppose to be called the only one i here him call him call mr obama president david gregian is the only one that has the respect to do this and im tired of it my self thank you travis
Suze Orman – I am diagnosed paranoid schizophrenic and receive a non-service connected disability pension from the VA. At the end of 2007 my wife inherited some money. The VA counted that as income for me and stopped my pension for a year. I am back on pension now although the VA did not add the 5.8 percent cost-of-living increase to my pension and I've been trying since December 29th to get that straightened out. But my question is: Do you know any way to avoid losing a non-service connected VA pension for a year if I or my spouse inherit any more money?
Thanks!!
Question for Suzi, Should I continue to contribute to my 401k when my company just announced that they will not be doing the 6% match anymore?
Salmonella ... this is terrible!
Who has, not forgotten!
The more I hear about the shenanigans of the banks and Wall Street, the more my eye twitches. If you get taxpayer money to save your epic fail of a company, you DO NOT toss bonuses/awards/whatevers at people who did not do their job in the first place. Change your policies if your company is tanking!
I can't believe the peanut scandal! These guys need to have criminal charges against them ASAP.
Why not equally divide the stimulus money that is going to be given
to the various institutions amoung each tax paying household in the United States. There would be no foreclosures, more cars sold than could produced in a years time the economy would have an equally hard time keeping up with the upturn, tax the give aways to off set the giveaways. What would you do if you got a check for 250,000.00 in the mail.
Thank you
John
Shipping delays cost money... shipping is action ... death is the end or action.
My husband had no chose with jobs so scarce. He took a job as a contract employee. We had to create a corporation to have them pay him. Should we go LLC, SCorp or just Corp? The company created will only pay him. He is hoping to someday grow the company and have employees. I am taking a crash course on creating a small business. Do I need to pay my husbands social security and taxes quarterly?
They should force feed that guy some of his own product.