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The Week in Review - 10/31/2008
With Election Day drawing near, the Commerce Department reported Friday that worried consumers cut back on spending in October. Another study out at week's end found that almost one out of five homeowners with a mortgage owes more to their lender than their properties are worth. On Wall Street, the stock market shut the books on one of the most tumultuous months ever. Not all the news was bad for everyone. ExxonMobil's third-quarter earnings jumped to $15 billion, another record profit, and Wall Street bankers who took some of a $700 billion emergency taxpayer bailout forged ahead with plans to dole out billions in big bonuses. Senator Sanders told Air America Radio on Friday he'll introduce a bill to make sure "millionaire CEOs who brought us to the brink of financial ruin will not get one penny in bonuses." -- READ MORE
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POLL - Economic Conditions
