John Thain Quotations

To model correctly one tranche of one CDO took about three hours on one of the fastest computers in the United States. There is no chance that pretty much anybody understood what they were doing with these securities. Creating things that you don't understand is really not a good idea no matter who owns it.

I think there will be linkages between the U.S. and Europe and I think there will be linkages between the U.S. and Asia; that is probably a little further off.

Over time, all of the markets should be combined.

Regulators are in the best position to regulate when they are intimately knowledgeable about the activities they are regulating.

This will mark the beginning of a new era for the exchange and America 's financial markets. As a for-profit, publicly held company, the NYSE Group will be better positioned to grow, create value and compete globally. We will provide customers with more choice in trading, an advanced technology platform, a broader product mix, and listing opportunities among a wider group of companies.

Our fourth quarter results reflect the extraordinarily difficult business environment in which Goldman Sachs operated this Fall,

Our trading and underwriting business were down from record first-half levels in an increasingly difficult environment.

I think there will be linkages between the U.S. and Europe and I think there will be linkages between the U.S. and Asia; that is probably a little further off.

I think there needs to be more consolidation in the U.S. marketplace, and we will be a public company with a public currency and a big marketplace.

By having a high market share like we have today, we offer the most liquidity and the best prices. If that were to dramatically fragment, you lose the liquidity and the pricing.