joining us now richard grasso. it is great to have you here.solute pleasure. >> gerri, it is an absolute pleasure to be here. gerri: investors are losing confidence. losing confidence that time. some 15% of americans polled say they don't have trust in the stock markets. what is behind that? >> it is very sad. it could not come at a worse moment. if you look at what is happening since may 2010, everyone has been railing against so-called high-frequency trading, algorithmic trading. no one, i mean, no one can sit here, myself included, and give you an answer as to what is right about that and what is wrong about that trading. i think the sec has a much broader problem. the whole structure of the market in this country. we have dark pools, semi- light pools and we have stock exchanges. we have virtually 60 different places where ibm trades under all different roles. gerri: just to fill people in just a little bit. dark pools. you do not know what is going on. like it is trading in the closet as opposed to being out on one of the big exchanges. >>

and refused to say we cannot, no, it's not possible -- former new york stock exchange chairman richard grasso. >> it is always special to be with you on this solemn day. let us pause for a moment and remember those 343 new york city firefighters, 23 new york city police officers, 37 port authority police officers, from whom as you stated, ran up the stairs. thirty-five to 40,000 people, so they could be able to go down the stairs and be saved that day. we owed them the responsibility of making this a better country because of their sacrifice. neil: when we think about what was going on beyond this horrific loss of life, american capitalism was targeted and you were the guy in charge of trying to bring it back. you are the guy that told me that you're never your sense that a lot of folks were telling me 16 days later, we are not ready. why did you say we have to do this? >> the resumption of trading in all of our markets was a signal and assign, the terrorists had killed thousands of people. destroyed billions in property. but when that bell rang on monday the 17th of september, it basically s