Former NYSE Chairman Dick Grasso was on Good Day New York to discuss Wall Street's wild Thursday, but anchor Rosanna Scotto also got a chance to bring up Grasso's enemy, Eliot Spitzer. She asked if Spitzer, who sued Grasso over his huge pay package, deserved a second chance. Grasso replied, "On the subject of redemption, America is a country of redemption, America is a country of people fleeing from other parts of the world. If Eliot is elected, it's because the people say he deserves a second chance."
Then she asked, "Would you vote for him?" (perhaps referring to rumors that Spitzer may want to run for State Comptroller), to which Grasso replied, "I might run against him." Ha! We'd almost pay to see that. As for Wall Street's volatility, Grasso said, "It had to be something was systemically wrong and that something was designated market makers at the stock exhcange, seeing the market down, did what they had to do. They slowed everything down. Other markets traded right through their bids. We have the greatest technology but you also have to add human judgement to it."
