The board's irresponsible behavior and failure to meet its basic duties shortchanged the taxpayers and the students of the district over and over again.

What this study makes clear is that what the President and Congress have committed so far is just a down payment on what it will take to ensure that the terrorists don't succeed in destroying not just the two towers, but also America's and the world's financial capital.

He's trying to create an impression that he did a lot better than he would have is his clients had come into the class. If that were true, we would admit it.

However, the issue is not just Mr. Grasso. The issue is making fundamental reforms at the stock exchange to restore investor confidence [and] establish a model of good corporate governance, accountability and disclosure. Now that Mr. Grasso has stepped down, we can move forward with those reforms,

This is a big deal. This is serious and historic. It's an agreement that brings the banks in as partners in maximizing the potential for landlords to clean up buildings.

When the same person fills both roles, the odds are much less that the board will challenge inappropriate decisions.