Video: ECB’s Bazooka Politically Limited?

A picture illustration shows a two euro coin outside the European Parliament in Brussels

The banks around the world are being surpressed by this interbank lending problem, says Larry McDonald, Newedge. “Economic indicators really haven’t alleviated which tells you that the actions [the ECB is] taking are making some progress but not a lot of progress otherwise equities would be higher,” he adds. Chris Sheldon, The Dreyfus Corp., also [...]

Cross Talk — October 5, 2011

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Are we already in double-dip recession? Are there any real recovery signs that point to economic growth? Are the positive indicators released just a temporary pill for the markets? Are we back to pre-2008 levels any time soon? Or has the crisis only deepened and now is awaiting its second phase? Larry chimes in on [...]

Larry’s Recent Media Appearances

Lawrence McDonald

Larry has been staying busy. Here’s a list of all of his recent media appearances in case you’ve missed them: January 3: via Banking Investment Consultant Banking Industry Takes Stock of Its Here and Now January 19: Huffington Post A Big Week for US Banks: The Difference Be tween Good and Evil Proprietary Trading January 19: [...]

Lawrence McDonald on the Lecture Tour: “Unleashing the Forces of Evil”

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Larry McDonald is one of the few men from the inside of Wall Street who is publicly speaking about the disaster of Lehman Brothers and the priceless investing lessons of the great financial crisis.  He was there… Watch this video as he discusses the “unleashing the forces of evil.Lawrence McDonald on the Lecture Tour: “Unleashing the Forces of [...]

Washington Insight: Clean Energy

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Clean Energy Standard: A Deal in the Works? President Obama’s call last week for 80% of the nation’s electricity to come from clean energy sources (including wind, solar, natural gas, nuclear and clean coal) by 2035 might seem like a long shot given the current political dynamics in Congress, but is a deal in the [...]

Bernanke Defends QE2, Says Road to Recovery is ‘A Long One’

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 [...]

It’s Securitization Stupid: One Big Fix Needed in our Banking System

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Roubini: Insolvent banks should feel market discipline

By Matthew Richardson and Nouriel Roubini | May 6, 2009 From the Financial Times: Joseph Schumpeter famously argued that the essence of capitalism was creative destruction, by which new economic structures are born from the rubble of older ones. The government stress tests on the 19 largest US banks, the results of which are due [...]

Warren Buffett’s ingenious little float.

By Lawrence G. McDonald It was 1967 when a New Bedford textile corporation in Massachusetts, suddenly upped and purchased National Indemnity, a substantial insurance operation out of Omaha, Nebraska. The textile mill was Berkshire Hathaway, and its owner, Mr. Warren Buffett stumped up $8.6 million, which was a sizeable amount of money in 1967, perhaps [...]