Financial Investment Risk Consultant | Lawrence McDonald
Financial & Economic Consultant | New York Times Bestselling Author
Provided By DC Tripwire Yesterday the Federal Reserve Board of Governors issued a proposal on federal stability rules governing the nation’s largest banks and those institutions, which the Financial Stability Oversight Council (FSOC) will designate as systemically important. The impact of the proposal would govern from capital requirements to single-party credit exposures among the largest and [...]
From Bloomberg: By Simon Kennedy and Elisa Martinuzzi Oct. 14 (Bloomberg) — “Cascading default, bank runs and catastrophic risk” lie ahead for the world economy unless Europe resolves its festering debt crisis, Timothy F. Geithner told global finance chiefs on the morning of Sept. 24. The U.S. Treasury secretary spoke from experience and lessons learned. Three years ago, he was [...]
Sponsored by New Boston Fund The Collapse of Lehman Brothers: How Did it Happen? What’s Being Done to Prevent Another Financial Crisis? A Look Inside the Dodd Frank Financial Reform Process. Feb 7, 2011 Noon – 12:30 Registration and Light Lunch 12:30-2pm Keynote Speech by Larry McDonald To Rsvp: Please email [...]
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 [...]
Ex-Lehman VP: Volcker won’t stop crisis Lawrence McDonald, a former vice president of distressed debt and convertible securities trading at Lehman Brothers until it collapsed in 2008, tells the FT’s US markets editor, Aline van Duyn, that there will be growing pains with implementing the Volcker rule and profits may take a hit at places [...]
FBN’s Charlie Gasparino with Lawrence McDonald, McDonald Advisory Group president, on Morgan Stanley’s earnings and Meredith Whitney’s municipal bonds report: The Municipal Bond Crisis, the next Lehman Brothers? Watch the latest video at video.foxbusiness.com
What’s behind good and evil proprietary trading? This week marks a turning point in the recovery from the “Great Recession.” The Financial Stability Oversight Counsel will release an 80 page draft of “recommendations” on the Volcker Rule to the Federal Reserve. The main objective? Prevent the next Lehman Brothers. The head of this counsel is none other than Tim Geithner. [...]
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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In a simple, easy-to-read way, Patrick Robinson and I describe the concept on page 161 of our book, A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers. We wrote the book to bring people on Main Street inside Wall Street, not to confuse the living daylights out of people. Read More
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