Lawrence McDonald

Courtesy of DC Tripwire Major Actions This Week: White House On Thursday, President Obama hosted Italian Prime Minister Mario Monti at the White House to discuss market confidence in Europe and NATO issues. Also on Thursday, a $25bn settlement was announced between state attorneys general, the federal government, and the five largest loan servicers relating [...]

Article by Jody Shenn, Lorraine Woellert and Prashant Gopal, Bloomberg President Barack Obama answered Ben S. Bernanke’s appeal for more action to fix the U.S. housing market that’s restraining the economic recovery by proposing a plan to help borrowers reduce their monthly mortgage payments. Obama is sending Congress legislation that would allow homeowners to tap record-low borrowing costs, potentially boosting [...]

Larry McDonald, Senior Director, Newedge USA LLC, says while he is bullish on U.S. financials this year, he believes they are currently overbought.  He explains why in 2012 the increased transparency and bank liabilities will give analysts more insight as to Wall Street’s earnings power.

From my partner, DCTripwire: On Thursday February 10th, Treasury Secretary Timothy Geithner gave the opening discussion regarding “The Future of Fannie Mae and Freddie Mac” at the Brookings Institution in Washington, DC. Please click here to view the full agenda. The discussion was moderated by Martin Baily, former Chair of the Council of Economic Advisers under President Clinton. Secretary Geithner presented [...]

In my New York Times Best Selling book, “A Colossal Failure of Common Sense - The Inside Story of the Collapse of Lehman Brothers,” I make a strong case. Our government allowed Fannie Mae and Freddie Mac to become a giant mortgage backed security hedge fund, complete with 70-1 taxpayer funded leverage. They had sub Libor financing, meaning the luxury [...]

From my partner, DCTripwire: Debate on Housing Heats Up Bottom Line: The recent conferences debating reform of Fannie Mae and Freddie Mac (the GSEs) and today’s release of the Financial Crisis Inquiry Commission’s Report and Dissents are making big headlines, but the real battles are being fought within the Obama Administration, among regulators over smaller [...]

Content below provided by my partner, DC Tripwire: Bernanke Defends QE2, Says Road to Recovery is ‘A Long One’ Friday morning, Ben Bernanke, Chairman of the Federal Reserve Board of Governors, testified before the Senate Budget Committee concerning the U.S. economic outlook. Ranking Member Jeff Sessions (R-AL) was expected to be among the harshest critics of Chairman Bernanke in the [...]

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