Lawrence McCarthy, Who Saw Swaps Danger at Lehman, Dies at 49

Lawrence McCarthy, a senior managing director at Cantor Fitzgerald LP who, as an executive at Lehman Brothers Holdings Inc., was said to have predicted that credit-default-swap traders were “working on bringing down the whole world,” has died. He was 49.

He died yesterday at Roosevelt Hospital in New York. The cause was an aneurysm, his ex-wife, Suzanne McCarthy, said in a telephone interview. He had been in ill health with a heart ailment, she said.