I was very grateful to have the invitation to participate in this program. I had the great pleasure several times as Chairman of the Securities and Exchange Commission (“SEC”) to come to Fordham Law School to participate in colloquia on various subjects relating to the evolution of the securities laws and world capital markets. Fordham represents a great resource to the City of New York and, more importantly, to the capital markets of New York, which is of course the pre-eminent capital market in the world. It has been a delight in the past to be with you, and I would only encourage you to continue to play the role that you have played in examining issues like we are discussing today, and to continue to be a force for intellectual examination, as well as for practical understanding, of the workings of markets. You need to continue helping those of us who are in the capital business to find better ways to run markets to serve the economic needs of peoples around the world.
Richard C. Breeden