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Gasparino: Vastly Different Wall Street After 9/11

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  • Description

    FBN's Charlie Gasparino on how the Street has changed since 9/11.

  • Duration 3:07
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December 11 we're joined now by Charlie Gasparino live -- the floor the other stock exchange Charlie you cover the attacks.

On the World Trade Center from the Wall Street Journal for the Wall Street Journal that you -- on the floor palace Wall Street managed to move on from that terrible day.

It's you know to vastly different Wall Street we should point out that.

You know when you take out the first responders the police the firemen.

-- Wall Street sustained massive losses a lot of people not just executives you know investment bankers -- back office people average people.

You don't died in the attacks it was a dramatic experience.

The street chase -- a lot since then if you look at the floor of the stock exchange.

Back then it was Friday -- specialists.

I think it was a better stock exchange was it's a different stock exchange now.

Much more electronic trading Wall Street firms how are we're that were there then Lehman Brothers Bear Stearns Merrill Lynch.

No not not here now not because of 9/11 member Wall Street survived 9/11 I think.

In large part you know thanks to Dick -- members in just a couple days victory for days.

Brosseau got trading on the stock stock exchange up and running and that was no small beatings and as you know Germany stock exchange remember this.

It's not just that they He -- to get physical people here to trade stocks the electronic great that that sort of connected.

All the firms to each other all the firms in the stock exchange all the firms -- NASDAQ was up ended when they blew up the stock within -- the trade center.

The Verizon had -- electrical grid underneath the trade center so it was a massive rebuilding effort.

-- -- yeah I remember him the only people that Verizon deal with all the firms.

He was amazing and I you know I got.

A very controversial guy in the sense that two years later I believe 2003.

He had to leave this believe the stock exchange at that time in disgrace because of the controversy over -- enormous.

Compensation package in retrospect I think.

People look back at what He did in 2000 to 2001 what He did throughout his career.

People gonna say He was He was worth the money and it's it's an interesting thing Wall Street I think right now He needs something like Brosseau.

There's a bunch of firms that would each other's young if they could get -- I'm saying the guy that held that glued together back then.

All the time was not just 9/11 it was when the long term capital crisis of 1998 occurred.

It was Grasso -- its interest in up from a -- -- I will tell you about 9/11 if I didn't listen to but that was the my wife I was that was go to a dot I had a doctor's appointment.

Member of the trade center -- -- street from Wall Street from the world financial center where the Wall Street Journal was headquarters.

My wife convince me to go to the doctor's appointment rather than.

Go to work out a divided divided that -- -- I advise went to work -- would have been right in the line of fire that day.

And how they -- thinkers why leave you with this might be the only time I said I'm glad my Father's Day was 9/11.

He built He was a construction worker -- an -- on the stock fell on the -- have been built the World Trade Center.

He took -- there when I was a kid.

I just don't know what He would have been -- FA ex marine it would have been a tough situation so you know this is kind of a for me this is a sad day and help personal been a lot of different levels.

Back to -- yet thank you -- I thank you for sharing us.

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