Clearly there are always unintended consequences of any legislative or regulatory act that's taken in the heat of battle.

The globalization of the capital market is actually part of economic globalization. This will create a change in the entire world economy, not just restricted to some fields in some countries.

Let'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.

Our 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.

This is a basic requirement the meaning of globalization is that we should admit that the economy of each country is dependent on the economy of all the others.

What 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.

Clearly there are always unintended consequences of any legislative or regulatory act that's taken in the heat of battle.