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Sunday business

Posted: Sunday, September 07, 2008 3:54 PM by Ian Sager

By Lester Holt, NBC News anchor

It hasn't escaped the notice of those of us on the weekend crew that lately, major financial stories have broken on Sundays. It was a Sunday in March when the Federal Reserve announced it was extending a multibillion-dollar credit line to aid a takeover of Bear Stearns. On another Sunday last July, the Treasury Department announced it was taking emergency steps to boost confidence in the two mortgage giants Fannie Mae and Freddie Mac. Today, it has happened again, with the government announcing it is taking over Freddie and Fannie.

Of course the Sunday timing of these events is no coincidence. CNBC's Steve Liesman, who will join us on the Nightly News tonight, explains that it's all about making things happen on a down day for Wall Street, before Asian markets open. The government's move has a far reaching impact on anyone who owns, or is trying to buy or sell a home. It also puts American taxpayers on the hook for potentially billions of dollars, as the U.S. assumes substantial exposure to the rocky home mortgage landscape. We'll walk you through all of it on tonight's program.

We will also have the very latest projections on Hurricane Ike, concerning its threat to the Florida Keys and what it might do once it reaches the Gulf of Mexico later this week. It is a dangerous moving target, and our colleagues at NBC Weather Plus are helping us keep an eye on it.

I hope you'll be able to join us tonight for NBC Nightly news.

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Dear Lester,

Good to see you back in New York!  Thank goodness the weekend broadcast is now online.  I'd much rather watch you than Notre Dame any day.  Instead, I had to watch the CBS Evening News.  They had a wonderful story on the Pentagon's 9-11 memorial.  It's a lovely concept; I must try to visit.

I am wondering, with all the tropical storms and hurricanes laying waste to Cuba, what is happening to the prisoners at Guantanamo Bay?  

We lucked out in my area, as concerns Tropical Storm Hanna.  We got some hard rain, and moderate wind gusts, but no major damage or power outages.  I really feel for those in the path of Ike.

Happy Sunday!

Lots of love to the regular posters:  Lisa McNeil, Jackie Rawlings, Stephanie Umbro, Celine, Claudia Anderson, Anna Banana, and Matt, 20.  XOXO
If I get this right, Freddie & Frannie buy bad loans; they get their buddies in the Congress to let them get away with not following the rules for backing up bad loans, and when they can't back up bad debt partly because they've put themselves in this place, we the taxpayers have to fix their problems?  Let me see... we're the same people who can't afford these mortgages and the rest of the rising costs so we're going belly up in so many places, and now we have to pay for these losses with our taxes?  Am I the only one seeing this as a warped circle?  

I feel for the residents of the Caribbean.  I am so grateful I live where I do; the only natural disasters we regularly need to be concerned about are drought and severe snow storms.  I can't image trying to live in Hurricane Ally.  As for Hanna, I am surprised how quickly she moved over Maine and I don't think we got as much rain in my backyard as I thought we'd get, which was about 5 inches.  No flooding in my area, but I know that areas Downeast, closer to Canada, had flash flood problems.  

So how come we can't hear from Gov. Palin?  I'm not pleased about this.  How can I figure out if she's worthy of my vote?  Right now, as she travels with McCain, she strikes me more as a puppy dog who cant' be separated from her master.  

I wish Gen. Petraeus the best as he moves onto his new assignment.  I am not qualified to say whether he's made the best decisions for Iraq, but I am sure that he's earned his new assignment after a long, successful career in the Army.  

The bears that are green but should be polar white... what a sight!  That is sooooooooooooo sad.  Another one of those things that just shouldn't happen.  

Happy Birthday to Google!  Where would I be without Google?  I can't believe its only been 10 years since it started.  I last looked in a phone book on Thursday - because the office that I'm helping to build doesn't have internet or phone service yet!  I have such limited space in my small apartment; why keep all those reference books when I've got Google?  If I need those books, I do have an ordinary library card!  

Happy weekend to all the regulars.  See you on Monday!
Good Evening Mr.Holt, Nice to see the broadcast this evening! First of all the report by Mr.Aspell concerning General Petraeus now going the head up Central Command and be Commander of Iraq and Afghanistan shows how both situations are so very critical. The "surge" of 30,000 plus troops has helped reduce violence in many areas of the region, hearing and seeing the children playing soccer and the markets being open are promising signs. Yet, the violence in Afghanistan has increased and the troops need much help in that region. I agree with General Petraeus that one can't take one strategy and transplant it into another region expecting it to have the same results. Time will tell as the months progress and it comes to the end of the year.
On another note the brewing storms in the Atlantic is really scary. I hope that Hurricane Ike doesn't cause too much damage to the Florida Keys. It will be a tense time for the Gulf Coast as it moves into the Gulf of Mexico. I hope everyone will be safe and sound.
Thank you for the broadcast Mr.Holt! Peace to You and to All!


Lots of Love to Laurel,Jackie,Stephanie,Claudia,Celine,Anna and Matt!
Be Well Always!
Stay Safe and Well Richard! Hope to see one of your reports soon!
XOXO
Well some of your all have been complaining about Convention coverage and it seems like there have been some changes in anchors.  I couldn't agree with this decision more because I had already changed my channel off MSNBC not because of Brian but because of those other two arrogant ones.

It seems like my Mr. Gregory will be more in the spotlight and that seems like a good thing.   Let's see how the debates come out on NBC.    Tim Russert, I am really missing you!  

I think all the news shows should realize that Americans are smart.  Many Americans that have good, rich and honorable careers that allow them to achieve much personal and professional success.  Just stick to the facts and let us make our own decisions.

http://www.nytimes.com/2008/09/08/business/media/08msnbc.html

Bests to all!
Where's the investigation of Fannie and Freddie! This is Enron all over. Do you know what golden parchutes these crooks are getting??? Please be a journalist!
Dear Mr, Holt,
This morning I logged on to nightly.msnbc.com
as we were out on Sunday and was disappointed
not to see you but Tom Brokaw.  My luck must
be running out.

Speaking of Mr. Brokaw, I read that the McCain
Campain will not allow future debates of
their candidates if Tom Brokaw is one of
the moderators.  They are entitled to
their opinion.  I am biased.  My choice
would be you, Mr. Holt as you are as objective
as Tim Russert was.
.
Phyllis Kunz
"Where's the investigation of Fannie and Freddie?" That would lead to a place the liberal media doesn't want to go so it won't be covered.
When you deliver a newscast, Lester, your words, your tone, your facial expressions....don't signal where you stand politically. Many journalists need to study you in order to become what journalists should be.
Thank you England for passing on all those great royal traits. Even the yards in America are English. We would be lost without the royal upper class running the country.
I notice that NBC has dis-abled our ability to contact the network.  Lester's calm approach to news gives a person some hope of objectivity.  The engine NBC uses for us to view and comment upon stories is very big into permanent censorship and refusal to communicate.  The tide is turning against the people in favor of insiders.
The Faux News zombies who post here complaining about the "liberal bias" of NBC and MSNBC should notice how easily those danged liberals have caved to their demands to remove Keith Olberman and Chris Matthews as anchors covering political events leading up to the election. The truth is that there is NO liberal bias in the media, and the corporate suits running the major news networks fall all over themselves in their haste to show how in step they are with the right wing. Glenn Greenwald at Salon.com has a very good piece today that argues that point very persuasively.
Glad you will keep us on top about Ike, but Gustav's aftermath has left us all in shock. Granted, nothing can equal the lives lost from the flooding after Hurricane Katrina, and we are grateful this didn't happen again in New Orleans... but where is the news coverage of the sheer devastation of Louisiana's capitol city, Baton Rouge?

It has been the worst catastrophe in the history of the city and it looks like a war zone there. My family all lives there and still most of them do not have electricity, though the schools are trying to start up, whether families have hot water or electricity or not. And speaking of the schools, they can't get food into the area so they will be serving MRE's for lunches. Debris is piled up along both sides of the streets all along the city for as far as the eye can see. Over 600 homes have trees in them, if the homes are standing at all. Subdivisions miles wide look as if a bomb exploded in the middle of them. One hospital is completely shut down, doors locked because they have no power or generators to handle any patients.

I live in Tyler Texas and made it back home in the evacuee traffic and kept in constant contact with my family during the storm as best as I could. I am shocked that there is no news coverage about the horrible conditions of my home city. It is as if everyone sighed a sigh of relief that New Orleans' levees held, and then turned a blind eye to everything else.

Please, please, allow the country to know of what is happening in Baton Rouge, especially now that they are looking at the possibility of a second hurricane hitting them before they can even get the power grids restored from Gustav's damage.
Ray's right, there is no liberal bias pervading the MSM.  It's their marxist bias that I'm concerned about.  Their reflexive and overt hatred of Sarah Palin is a standard example, because she stands for free Americans who are not vetted and controlled by the Ivy-Leaguer Eastern Establishment of entrenched sinecures who've been calling the shots from behind closed doors for so long.  ABC, CBS, CNN, the NBC's, along with BBC, NPR, PBS, etc. are fighting a rear-guard action to protect their established insider interests.  Removing the journalistic criminals, Olbermann and Matthews, is wholly inadequate to the task of bringing some remote sense of fairness to the 'news' which is now mainly fake.  We the people are tired of the arrogant mass insulting of the religious people of America (I'm not one), among a whole host of other ethical/journalistic crimes.  But I feel for them as I see the idiocy promulgated as fake news by these elitist insiders that populate the MSM generally.  I won't believe them until, at the very least, they fire 1/2 of all anchors, producers, editors and other functionaries in the employ of these antique monstrosities. Only then will news be news and not part of the ivy-leaguers' agenda which they want to push onto the rest of America.
Dear Mr. Holt

Coming back from Rough River on Sunday I saw
the Seven-Fold Sun envisioned by Isaiah (Chapter 30) and it
happens after the towers fell in Scripture which I relate to
the New York towers and and this magnifience
chapter ends with the healing of the people and
I thought I would share this with you on
September 11 as it is appropriate to this day and very
meaningful to me. Maybe this is mumbo-jumbo to you
but Isaiah 30-26 and the previous chapters about
the towers falling blows my mind. God bless America!@

Phyllis Kunz

I was just about to watch my Sunday football,when I started thinking about all the line judges umpires and referee.the commisoner, salary caps, rules off the game etc. why do we have to have all this for a football game.yet let wall street do as it wants in the name of capitalism I guess we are stupid


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