Lawrence G. McDonald

Public Speaker, NY Times Best Selling Author of 'A Colossal Failure of Common Sense'

Lawrence G. McDonald is the New York Times bestselling author of A Colossal Failure of Common Sense, the Inside Story of the Collapse of Lehman Brothers.

Colossal Failure is now translated into 12 different languages.

Lawrence is President of the McDonald Advisory Group.

He has delivered over 45 keynote speeches in 16 countries at banks, insurance companies, conferences and universities since his book was published.

As one of the leading risk managers and bond traders today, Larry is a frequent guest contributor on Bloomberg, CNBC and Fox Business.

Notably is Larry’s involvement as special advisor to the Financial Crisis Inquiry Commission (FCIC), created by Congress in 2009 to investigate the causes, domestic and global, of the economic and financial crisis in the United States. Additionally, Mr. McDonald has participated in three major financial crisis documentaries: Sony Pictures Academy Award winning documentary the Inside Job, BBC‘s The Love of Money and CBC‘s House of Cards

From July 2004 through September 2008, Lawrence G. McDonald was a Vice President of Distressed Debt and Convertible Securities Trading at Lehman Brothers. He ran an extremely successful joint venture between the firm’s fixed income and equity divisions. He was the most profitable trader on the convertible securities desk 2006 and 2007.

The Subprime Implosion

In early 2006, Lawrence was part of a faction that called the subprime crisis, then he made over $46 million for the firm during its implosion. Mr. McDonald was highly regarded as one of the most consistently profitable traders at Lehman with over $83 million in trading profits during his time with the firm.

More interestingly, Lawrence McDonald was an integral part of a faction within Lehman Brothers that passionately tried in vain to stop the firm from heading down the road to destruction. Likewise, he also worked closely with Lehman’s credit derivatives team and saw first-hand the design and construction of what Warren Buffett termed as “Wall Street’s financial weapons of mass destruction.”