Clearly there are always unintended consequences of any legislative or regulatory act that's taken in the heat of battle.
Richard GrassoWhat the American people don't understand is how Merrill Lynch or AIG or Lehman Brothers can reward people, and the entity fails. Not only do the shareholders lose, but the entities lose.
Richard GrassoOur systems are all go. At 9:30 Monday morning trading will resume on both markets, and the message will be given to criminals who foisted this on America that they lost.
Richard GrassoLet's take a timeout. Let's allow investors the opportunity in a period of market calm to re-examine what's happened and to deploy new strategies into the marketplace.
Richard Grasso