Lawrence MacDonald - risk manager, trader and former head of Lehman Brothers

"Larry is one of the best traders I've ever had the privilege to work on Wall Street. His integrity, honesty and vision to shares and debt markets make a rare breed. Larry is not only a great guy, but he has healthy intelligence, which is surprising unusual! If Larry MacDonald ran Lehman, the company would still be there today. I highly recommend his book to anyone who wants to learn how corporate culture destroy the 150 year old company, and how to protect against inadequate control. " - Larry McCarthy, former global head of High Yield and Distressed Trading at Lehman Brothers.

From 2004 to 2008, Larry was vice president of trading distressed debt and convertible securities of Lehman Brothers. It is paved extremely successful co-management between the division of fixed income securities and capital division. Larry is considered one of the most profitable traders, led his team to bet against the subprime mortgage crisis. Larry has been an integral part of Lehman Brothers, as he tried in vain to prevent the company from collapsing.

At the height of the financial crisis in 2008, Mr. Lawrence MacDonald wrote a book about the fall of Lehman Brothers - "A colossal failure of common sense: the inside story of the collapse of Lehman Brothers". In his book, Larry detail describes his work as Vice Chairman of Lehman Brothers and provides backstage look at why one of the most prominent investment banks fail.

The book is a guide to the risk manager for all the right and wrong moves, and explains why investors should stay away from political moves coming from Washington and Europe. Published in 2009 by Random House, the book enters the bestseller list of the New York Times during the first five days of its release, and is now considered one of the best-selling business books in the world. It has already been translated into 12 different languages.

The skill set of Larry is unique. He took risks to billions of commercial floor and is an analyst of political risk on a world-class Europe and Washington. At Lehman Brothers he was consistently one of the most successful traders in the firm. As one of the leading managers of risks and traders of bonds today, Larry is a frequent guest on Bloomberg, CNBC, Forbes, MSN Money, Fox Business and Huffington Post.

Larry is a highly respected political risk consultant to hedge funds, family offices, asset managers and a number of investors. His 17 Lehman risk indicators help investors to face the painful risky transactions in global markets. Of note is the participation of Larry as special advisor to the commission for investigation of the financial crisis (FCIC), established by Congress in 2009 to investigate local and global causes of the economic and financial crisis in the United States.

Moreover, Mr. MacDonald was involved in three major documentaries about the financial crisis: award-winning documentary of Sony Pictures "Interior", "love of money", the BBC and "House of Cards" on CBC.
Since the release of Colossal Failure, Larry gave over 100 keynote addresses in 17 different countries, speaking for banks, investment firms, conferences, law firms, insurance companies and universities.

Before Lehman Brothers

Mr. MacDonald is co-founder and COO of ConvertBond.com, website designated by Forbes Magazine as "Best of Web" for 2000-2003 as a major source of information for convertible securities news, evaluation, treatment and tools Analysis of convertible securities. In October 1999, the website was successfully sold to Morgan Stanley.

Larry began his career as a successful financial advisor to retail, helping individual investors build wealth, starting at Merrill Lynch in 1990, a then moved to Smith Barney - a division of Citigroup.
Currently, Mr. MacDonald and a team of analysts on Wall Street investment letter published "Bear traps" (Bear Traps).