Such transparency allows markets to better price the inherent risks of the securities and the firms. So put me in the camp of more disclosure and transparency. But just as markets can use information on securities and firms to improve market prices and assess risk exposures, markets are also likely to find value in regulatory information.
Despite the tragic events of September 11, the foundations of our free society remain sound, and I am confident that we will recover and prosper as we have in the past. But before the recovery process gets under way, stability will need to be restored to the American economy and to others around the world.