Richard Grasso Quotes

Markets rebounded quickly from morning jitters after the London Thursday terrorist bombing.

We must investigate without fear or favour the so-called 'accounting irregularities' that cause turmoil in the markets and wipe billions off the investments of ordinary South Africans.

Our purpose, as we face these challenges, remains clear - fair and orderly markets that allow for efficient capital formation, while protecting the interests of investors.

All roads lead to Wall Street, but we feel the effects of Wall Street on every street corner. Certainly in Syracuse, N.Y., where I live.

The guy that just arranges things so that the stock market holds up is nobody in my - in my estimation.

I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street.

How can you allow the trading companies to locate computers closer to exchanges and flash millions of bids to give an unfair advantage?... Even professionals are losing faith in some aspects of the system.

Ratings agencies are the glue that ostensibly holds the entire financial industry together.

It's mostly the financial chicanery that's going on. People are saying 'What kind of trust can we put in this market?'

The only reason investors haven't run screaming from an obviously corrupt financial marketplace is because the government has gone to such extraordinary lengths to sell the narrative that the problems of 2008 have been fixed.

I don’t care a damn about stocks and bonds, but I don’t want to see them go down the first day I am President.

Political reactions from Wall Street, whether they [are] right of wrong, could eventually influence the real economy.

Something is missing from Main Street: Trust in Wall Street

This was a massive Ponzi scheme and the biggest crime against the American economy in our lifetimes—in fact, ever…. You had various traders buying each other’s products to artificially keep the prices up so that the bubble didn’t collapse.

We can prevent unfair advantage, and we can avoid the destabilizing effect that high frequency trading can have.

Your adrenaline starts to go when the market opens in the morning. It's like sports programming.

The traditional thinking has been that the stock market likes certainty.

A lot has been done to improve safety and soundness and confidence in financial markets and financial institutions, a lot of which was necessary.

The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.

In fact, of all hoodoos in Wall Street I think the resolve to induce the stock market to act as a fairy godmother is the busiest and most persistent.

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

America already holds the record for freak movements. Now we have a new one. It's called "Restoring Confidence." Rich men who never had a mission in life outside of watching a stock ticker are working day and night "restoring confidence." Writers are working night shifts, speakers' tables are littered up, ministers are preaching statistics, all on "restoring confidence."

Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of the investment industry as a whole?

In 1929 the discovery of the wonders of the geometric series struck Wall Street with a force comparable to the invention of the wheel.

The longer I operated on Wall Street the more distrustful I became of tips and inside information of every kind. Given time, I believe that inside information can break the Bank of England