Lawrence G. McDonald

Lawrence 'Larry' G. McDonald is an author and CNBC contributor, currently founder of 'The Bear Traps Report', an investment newsletter focused on Political and Systemic Risk with actionable trade ideas and Macro perspective. Former Head of U.S. Macro Strategy at Societe Generale and former vice-president of distress debt and convertible securities trading at Lehman Brothers.

Early life and education
Lawrence McDonald was born in Lowell, Massachusetts and grew up in the Cape Cod region. He graduated from Falmouth High School. McDonald attended The University of Massachusetts Dartmouth and received a degree in economics in 1989.

Lawrence McDonald was COO/Co-founder of Convertbond.com. Property rights to Convertbond.com were sold to Morgan Stanley.

Lawrence McDonald joined Lehman Brothers in New York City, in 2004 as vice-president of Distressed Debt and Convertible Securities Trading.

Career
Lawrence G. McDonald is currently a keynote speaker, founder of The Bear Traps Report Investment Newsletter and partner at ACG Analytics. He is also a financial consultant, global lecture speaker, and co-author of the book A Colossal Failure of Common Sense.

McDonald is the creator of The Bear Traps Report, an investment newsletter providing weekly market insights, specific investments, and global trends.

McDonald is a frequent writer for Forbes Magazine and a guest contributor on Bloomberg, CNBC, and Fox Business News.

Financial crisis
McDonald was a 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.

Lawrence McDonald was a cast participant in major financial crisis documentary Inside Job, an Academy Award Winner for Best Documentary in 2010, directed by Charles H. Ferguson. McDonald was also a cast participant in documentaries: BBC's The Love of Money and CBC's House of Cards.

In an editorial for the Huffington Post, McDonald was critical of former United States Secretary of the Treasury Henry Paulson's decision to save Bear Stearns while allowing Lehman Brothers to fail.

A Colossal Failure of Common Sense
In the book A Colossal Failure of Common Sense, McDonald gives his account of the events surrounding the financial crisis of 2007–2010. The book discusses JP Morgan Chase's purchase of Bear Stearns and the bankruptcy of Lehman Brothers. The book was co-written with Patrick Robinson.

As of August 9, 2009, the book was 7th on the New York Times Best Seller list for hardcover nonfiction.

"A CFA Institute Top 20 All-Time – This book is a risk manager's guide to the right and wrong moves on Wall St., and explains why investors must stay ahead of policies coming out of Washington, D.C., and Europe." – CNBC.

A Colossal Failure of Common Sense is translated into 12 different languages.