November 28, 2012
On Nov. 15, resistance to this industry view came from a surprising place: a speech by William Dudley, the president of the Federal Reserve Bank of New York. (Illustration by Tim Laham | Column by Simon Johnson)

On Nov. 15, resistance to this industry view came from a surprising place: a speech by William Dudley, the president of the Federal Reserve Bank of New York. (Illustration by Tim Laham | Column by Simon Johnson)

September 12, 2011
“You don’t know who’s swimming naked until the tide goes out.” The questions that preoccupy us now are: Is the tide coming in or still going out? Or did the big storm permanently ruin the beach? (Illustration by Jason Polan | Column by Simon Johnson on Bloomberg View)

“You don’t know who’s swimming naked until the tide goes out.” The questions that preoccupy us now are: Is the tide coming in or still going out? Or did the big storm permanently ruin the beach? (Illustration by Jason Polan | Column by Simon Johnson on Bloomberg View)

July 18, 2011
There are three types of contagion in a financial crisis, when the potential collapse of a firm, bank or country threatens to spiral out of control. The European Union today has all three. (Illustration by: Oliver Munday | Column by Simon Johnson)

There are three types of contagion in a financial crisis, when the potential collapse of a firm, bank or country threatens to spiral out of control. The European Union today has all three. (Illustration by: Oliver Munday | Column bSimon Johnson)