New Mexicans bristle at Wall Street bailout

WASHINGTON SAY THEY'RE GETTING CLOSER TO REACHING A DEAL TO BAILOUT STRUGGLING FINANCIAL INS...  More »

WASHINGTON SAY THEY'RE GETTING CLOSER TO REACHING A DEAL TO BAILOUT STRUGGLING FINANCIAL INSTITUTIONS. MEMBERS OF CONGRESS ARE WORKING LATE INTO THE NIGHT.. TO HAMMER OUT DETAILS OF THE MULTI BILLION DOLLAR PLAN. BUT SOME PEOPLE HERE IN THE DUKE CITY DOUBT THEY'LL BE HAPPY WITH WHATEVER ENDS UP PASSING. CRIS ORNELAS IS LIVE DOWNTOWN TO TELL US WHAT PEOPLE ARE SAYING. PEOPLE HERE SAY GREED AND INCOMPETENCE GOT US INTO THIS MESS ... AND THEY THINK ITS WRONG TO FIX IT ON THE BACKS OF TAXPAYERS. WE WERE OUT IN KNOB HILL THIS EVENING ASKING PEOPLE ABOUT THE BAIL OUT. 2:44 ' i think all this money that the ceo's got should be paid back before theres any further discussion' IT WAS TOUGH TO FIND ANYONE WHO WAS IN FAVOR OF THE 700 BILLION DOLLAR PLAN. THIS IS AS CLOSE AS WE GOT: 3:55-4:01 'i think that if we don't have the bailout we're in for a big mess so i think we need something i don't know if its what they are proposing':54-1:02 'when i get in hot water i'm pretty much in hot water and i don't have a sugar daddy who can bail me out'EARLIER TODAY PEOPLE LINED CENTRAL TO PROTEST THE PLAN TO BUY UP ALL THE TOXIC LOANS MADE BY THE NATION'S FINANCIAL INSTITUTIONS. 1:20 'for greed and mistakes wall street has made were supposed to borrow 700 billuion to bail them out i think the math doesn't add up and it's a really bad idea'2:59 'bailing us out pouring more money into the system isnt gonna help us' 6:06 'i don't think its right that we are bailing out ceo's and they are walking away with golden parachutes and the american people are the ones that are having to pay for all this'ECONOMIC EXPERTS WARN THAT IF THE GOVERNMENT doesn't BAIL OUT WALL STREET ... WE COULD SLIDE INTO ANOTHER GREAT DEPRESSION. 3:08 'i think that's bullst i don't believe it one bit' OTHERS SAY ITS ALREADY STARTING TO HAPPEN. 4:06 'i'm a small business owner i have a business just right down the street and its already effecting us and my baby doesn't want to pay for it in the future'THE GOAL FOR LAWMAKERS RIGHT NOW IS TO COME TO AN AGREEMENT BEFORE THE ASIAN STOCK MARKETS OPEN MONDAY. THAT'LL HAPPEN TOMORROW EVENING HERE IN THE U-S.  « Less