Lawrence McDonald

Courtesy of DC Tripwire Major Actions This Week: White House ·         On Wednesday, President Obama is expected to give remarks on the economy during a speech in northern Virginia. Senate ·         On Wednesday, Senate and House conferees will meet to consider the payroll tax/unemployment insurance/”doc fix” extension (HR 3630). House ·         Next week, the House [...]

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 [...]

Article By Marcy Nicholson and Frank Tang, Reuters U.S. commodity markets have shrunk almost 9 percent since MF Global’s collapse as farmers, investors and traders close out positions, according to a Reuters analysis of data that suggests there may be lasting effects from the industry’s most disruptive broker failure. While several different factors likely figured [...]

Article By Reuters via CNBC MF Global’s collapse has highlighted major gaps in customer protection that require a complete overhaul of U.S. futures regulations, a futures self-regulatory official said on Thursday. “Thousands of customers have suffered and continue to suffer from a breakdown in the regulatory protections they have come to expect,” Daniel Roth, chief [...]

Courtesy of DC Tripwire Major Actions This Week: White House This morning, President Obama is hosting Iraqi Prime Minister Nouri al-Maliki at the White House to discuss the end of the war in Iraq. On Tuesday, the President will conduct interviews with local television anchors from across the country about the end of the war [...]

Lawrence McDonald, Senior Director at Newedge USA LLC, talks about MF Global Holdings Ltd.’s bankruptcy. Jon S. Corzine today told lawmakers he never intended to break any rules as head of MF Global and doesn’t know what happened to an estimated $1.2 billion in missing client funds. McDonald speaks with Mark Crumpton on Bloomberg Television’s [...]

Down on the Farm Article By Jerry A. Dicolo and Dan Strumpf, Wall Street Journal  Around midnight, on an empty Colorado highway, Brian Dunn was hauling cows back to his farm in St. John, Kan., when he heard on the radio about the collapse of MF Global Holdings Ltd. “I thought, if I come out [...]