Peter Pomerantsev, a senior fellow at the Agora Institute at Johns Hopkins University, is the author of Nothing Is True and Everything Is Possible: The Surreal Heart of the New Russia and This Is Not Propaganda: Adventures in the War Against Reality.
Fifteen years after the collapse of the US investment bank Lehman Brothers triggered a devastating global financial crisis, the banking system is in trouble again. Central bankers and financial regulators each seem to bear some of the blame for the recent tumult, but there is significant disagreement over how much – and what, if anything, can be done to avoid a deeper crisis.
