OFFICIAL WEBSITE - A Colossal Failure Of Common Sense

FAST MONEY: The Bernanke Selloff - CNBC

admin — Thu, 22 Jul 2010 13:44:51 +0000

Discussing whether Fed chief Bernanke was too honest with the markets, with Lawrence McDonald, Pangea Capital Management.

US Debt downgraded to AA by China

admin — Wed, 14 Jul 2010 12:15:12 +0000

Despite my testimony last May and repeated warnings from Moody’s, S&P et al that the U.S. could lose its top credit rating with ongoing fiscal deficits and heavy debts, the platinum-plated AAA rating of the United States seemed all but untouchable...

The European Business Summit

admin — Tue, 06 Jul 2010 19:43:39 +0000

In the debate that produced a surprising amount of general agreement Jan Hommen, CEO of ING, said that the financial crisis “has put financial institutions into the forefront of a global debate. “The world of finance can only work if we have trust in the institutions and in the system.”

Will The Next Three Weeks Change Wall Street Forever?

admin — Wed, 09 Jun 2010 14:40:34 +0000

This Thursday, the-beginning-of-the-end of Wall Street as we know it will kick off. Congressional Democrats and Republican leaders will begin the "Conference" process on combining the House and Senate finance reform bills.

America’s Deficit Spending Addiction

admin — Mon, 07 Jun 2010 15:30:24 +0000

Like a junkie that has to get a fix to maintain the same high, the U.S. Government deficit spending addiction has expanded for the last 30 years at approximately the same 10% compounded annual rate of the growth during the tumultuous three decades that included the Great Depression, World War II and the Cold War.

INSIDE THE BERKSHIRE HATHAWAY ANNUAL MEETING

admin — Tue, 04 May 2010 14:41:20 +0000

Last weekend I attended the Berkshire Hathaway Annual Meeting in Omaha, which has become a Mecca for investors, packed with 25,000 shareholders from all over the world. I had never seen anything like it, in all my years in finance.

CNBC: McDONALD on Goldman’s Ethics.

admin — Wed, 28 Apr 2010 15:39:26 +0000

Goldman Sachs, the investment bank at the center of Capitol Hill's wrath, makes most of its money trading and not really representing customers, Lawrence G. McDonald, managing director of Pangea Capital Management said on CNBC Wednesday, and that's where the firm's ethics is being questioned.

Will The Next Crisis Bankrupt America?

admin — Sat, 24 Apr 2010 19:31:02 +0000

By Lawrence G. McDonald We are on a collision course with a meteor and it’s not from outer space. Almost 10 years after 9/11 and the Enron off-balance sheet accounting scandal, what have we learned? The answer is ...

BLOOMBERG VIDEO: Fuld’s Role in Lehman Collapse

admin — Wed, 21 Apr 2010 19:53:09 +0000

GOLDMAN FRAUD CHARGES: WHO BENEFITS?

admin — Tue, 20 Apr 2010 13:49:14 +0000

FAST MONEY CLIP

admin — Tue, 20 Apr 2010 13:42:37 +0000

CNBC: McDonald Discusses Unethical Accounting at Lehman Brothers.

admin — Sat, 10 Apr 2010 22:14:32 +0000

Discussing whether the methods banks use to disguise debt is unethical or not, with Ron Geffner, former SEC enforcement attorney/Sadis & Goldberg and Lawrence McDonald, A Colosssal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers author.

BARRON’S - The Case for Regulating Financial Derivatives

admin — Mon, 22 Mar 2010 14:05:50 +0000

By JACQUELINE DOHERTY Barron’s IT IS HARD TO HIDE AN ELEPHANT, BUT WHEN it comes to the over-the-counter derivatives market, Wall Street has done it for years. The financial crisis — greatly exacerbated by defaults on ...

Lehman Brothers. The bank with integrity. And shameless fraud.

admin — Sat, 20 Mar 2010 15:00:06 +0000

For there, in that sun-drenched Caribbean paradise, set 170 miles south of the western end of Castro’s Cuba, Lehman, in company with several other investment banks, held a controlling hand over a succession of hidden Trusts.

Harmony distant prospect despite Lehman outrage

admin — Tue, 16 Mar 2010 13:30:01 +0000

Anton Valukas’s 2,200 page report on the demise of Lehman Brothers has provoked outrage among many investors and politicians.

Lehman Brothers’ Repo 105

admin — Mon, 15 Mar 2010 22:19:39 +0000

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.

Former Lehman Brothers Vice President Explains Failure

admin — Mon, 01 Mar 2010 14:13:14 +0000

BROTHERS GRIM — Larry McDonald, who worked for the ill-fated Lehman Brothers investment bank, speaks at a KPU event about the company’s bankruptcy filing in September 2008. McDonald blamed the Board of Directors for the ...

Ex-US Treasury Secretaries Back Volcker Rule

admin — Mon, 22 Feb 2010 13:56:19 +0000

On the speaking tour at Franklin Templeton and Danske Bank, it has been my mission to have more transparency of risk. It's great to see some heavy hitters picking up the torch!

How Goldman Sachs Helped Greece to Mask its True Debt

admin — Fri, 12 Feb 2010 19:22:25 +0000

Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules.

Volcker Urges Curbs on Big Banks’ Risky Trades

admin — Wed, 03 Feb 2010 13:10:00 +0000

White House economic adviser Paul Volcker urged Congress Tuesday to rein in risky investing by big banks to prevent them from becoming "too big to fail."

AIG Investigator: Where the Billions Went

admin — Tue, 26 Jan 2010 18:49:53 +0000

The New York Times Neil M. Barofsky is not a household name like some special investigators of the past — Kenneth Starr during the Clinton administration or Archibald Cox in the Watergate years. But increasingly, Mr. Barofsky ...

The ‘Volker Rule’

admin — Tue, 26 Jan 2010 18:33:13 +0000

It’s pretty clear the most disgruntled man in Washington 15 days ago was Paul Volker. He had been pounding the table to bring back Glass Steagall since Thanksgiving, and had been consistently ignored by ...

Credit Swaps Rise Most Since June Amid Regulatory Uncertainty

admin — Sat, 23 Jan 2010 14:22:03 +0000

By John Detrixhe and Shannon D. Harrington Jan. 22 (Bloomberg) — The cost to protect against defaults on U.S. corporate bonds rose this week by the most since June as President Barack Obama proposed reigning in ...

IMF head in ‘double-dip’ global economy warning

admin — Mon, 18 Jan 2010 15:30:34 +0000

The International Monetary Fund head has warned that the global economy could experience another downturn - a so-called double dip recession. Dominique Strauss-Kahn said countries should not exit from stimulus packages that have bolstered growth through ...

WEEKLY UPDATE - Market Watch From The Trenches

admin — Mon, 18 Jan 2010 13:35:47 +0000

Major Theme: Healthy Corporate Debt Markets vs. Weaker Sovereign Debt Markets - There was a risk transfer from Governments to Corporates, signaling more confidence in corporations than nations!