But an interesting tid-bit from the WSJ Law Blog, last year Grasso took the fifth under questioning by the SEC regarding New York Stock Exchange trading firms:

The news of Grasso’s refusal-to-answer came from Avi Schick, a lawyer in Spitzer’s office, who made the claim during a pretrial hearing in New York state court yesterday pertaining to the a civil lawsuit alleging that Mr. Grasso’s $187.5 million pay package as Big Board chief was excessive. According to the WSJ, Spitzer might be able to use the disclosure in the compensation case to suggest that Mr. Grasso was an inadequate market regulator.

More here on Grasso's four days of questioning by Spitzer's office.

-- MDT