OFFICIAL WEBSITE - A Colossal Failure Of Common Sense

Tim Curry’s Garden

admin — Sun, 29 Aug 2010 18:34:09 +0000

Blah blah

Lehman Trader Bares ‘Dark Secret,’ Hits the Road, Mimics Munger

admin — Wed, 25 Aug 2010 21:39:30 +0000

Lawrence G. McDonald. McDonald is a former vice president of Lehman Brothers and the author of "A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers". Source: Crown Business via Bloomberg.

Dick Fuld In Exile

admin — Wed, 25 Aug 2010 21:15:34 +0000

Ever since Lehman Brothers imploded and filed for the largest bankruptcy in history nearly two years ago, the firm's former chairman and CEO, Dick Fuld, has been a little on edge.

Former Lehman Executive Suspects SEC Criminal Charges.

admin — Thu, 19 Aug 2010 16:11:51 +0000

The two year anniversary of Lehman is just around the corner, and Lawrence McDonald suspects big charges will be levelled at the Lehman generals in a matter weeks.

A Lehman Survivor’s View of a World Upended

admin — Fri, 13 Aug 2010 19:25:17 +0000

"Wall Street really bought themselves a lot of time. And deep down, a lot of people in Washington are afraid that the banking system is too fragile for effective action."

Ex. Lehman Exec.: Active Criminal Component to Lehman Probe

admin — Fri, 06 Aug 2010 20:13:15 +0000

"What I like about Larry McDonald... you don't just know about Lehman Brothers. You follow the Street. You trade still. And when I turn to people on the Street, about what's happening, you're one of the guys that gives me some of the insight." --Charlie Gasparino, August 2010.

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.