BORN 1947 IN GOOD OLD BROOKLYN, NEW YORK. MOVED TO MIDDLE VILLAGE, NEW YORK, IN 1965. SERVED IN THE UNITED STATES ARMY FROM 1966-1968. RECEIVED MEDALS, AWARDS, FOR SERVICES RENDERED IN VIET NAM IN 1968. STARTED IN REAL ESTATE IN MIDDLE VILLAGE IN 1979. SERVED AS PRESIDENT TWICE IN THE MIDDLE VILLAGE KIWANNIIS BUSINESS CLUB FROM 1983-1984. PAST VICE COMMANDER OF LUKE J.LANG POST IN MASPETH, NEW YORK. PAST PRESIDENT OF MIDDLE VILLAGE, GLENDALE, RIDGEWOOD LION'S CLUB IN 2005. WINNER OF INTERNATIONAL AWARD, 'MELVIN JONES' FROM LIONS CLUB, FIRST IN 75 YEAR HISTORY OF THE CLUB. JUST COMPLETED 31 YEARS OF REAL ESTATE SERVICES IN MIDDLE VILLAGE ON SEPTEMBER 15TH, 2010.
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Lawrence G. McDonald has written a book on the fall of Lehman Brothers, with Patrick Robinson, the #1 New York Times best selling author of Lone Survivor.
“A Colossal Failure of Common Sense - the Inside Story of the Collapse of Lehman Brothers,” is being published by Random House and will be on the shelves in stores 7/21/09. Currently, Lawrence is a Managing Director at Pangea Capital Management LP.
At Lehman Brothers
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.”