"The financial sector has been saved and the recession contained, but only by sweeping most of the problems under the carpet. This could easily lead to disaster in the near future..

Savage cuts are not the only solution. Interesting alternatives have been brushed aside..

Financial transactions, institutions and other players could all be made to pay for the correction of the problem for which they were responsible. The only acceptable principle for fiscal adjustment is that the financial sector should bear the entire cost of the crisis it caused..."

Frederic Lordon is an economist and contributor to Le Monde diplomatique.

to read his article published in March 2010, click on

http://mondediplo.com/2010/03/02financialreforms

"Now that the banks are flourishing-"

**BS alert-

the banks are drowning in their own fraud and need to yoke the people of the world to pay this fraud amounting to 1.5 Thousand Trillion in derivatives of fictitious capital..

"In all these countries the violence of the shock after the prudent gradualism of past decades may at last provoke society into reaction. "

**PRUDENT GRADUALISM ?? Making nonsense phrases to validate a point is rather weak. There are violent riots afoot and lord bless these people who still have dignity.

"The most obvious is a tax increase, although this would have to be carefully managed so as not to stifle economic growth or impose the burden of paying for the crisis on those who had no part in its creation. This may leave only a tiny group of taxable subjects – small in numbers but, happily, large when it comes to the size of the tax base."

**these parasites have law written for them to evade taxation, who are you kidding? We need public control of the charters and the ability to view all their records and the public's ability to replace officers or shut down the enterprise..

"A Tobin tax would be of questionable efficacy as a way to achieve a radical transformation in the assumptions underlying international financial speculation, and would not much change its basic structures. "

**I'm sorry but the tax on electronic fraud known as high frequency electronic transactions, occurring in the mega hertz frequencies, are leeching the capital flow through insider collusion. This, although illegal is allowed to persist.