BFCSA Blog

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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Most doctors would help terminally ill die: AMA The Australian 12:00am November 24, 2016 Jamie Walker   A majority of doctors would help terminally ill people die if ­voluntary euthanasia became law, a landmark survey of GPs and medical specialists by the AMA has revealed. The Australian Medical ­Association will today unveil a policy rejecting euthanasia and doctor-assisted suicide, but which acknowledges for the first time that right-to-die laws are ­“ultimately a matter for society and government”. The position statement, previewed exclusively by The Australian, spells out how doctors can ethically give drugs and treatment to dying patients that hasten death, provided the intent is to ­relieve suffering. The AMA spent a year revising its stance on euthanasia after the hot-button issue was revived by an ultimately unsuccessful cross-party bid in South Australia to push right-to-die legislation through the state parliament and ongoing moves to frame such a law in Victoria...
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Dear members First and foremost the Senate hearings into ASIC have been known about for some time , it just seems incomprehensible why it was left so late to book a venue or confirm dates. I realise the  election and its run up caused many issues so I don't know whether its bad timing, bad planning or a deliberate act to shield ASIC from the"mob" who gather to voice their protests at ASIC  performance. To give people less than a weeks notice of proceedings is very inconsiderate, Denise for example has to up stumps from country W.A. If Greg Medcraft is appearing how much notice did he get considering his busy schedule at IOSCO and ASIC? If there were any motives to dampen BFCSA attendance and numbers its failed because we will be represented and Denise will be our voice loud and proud. Short notice of the hearings might diminish the...
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  • doyla66
    doyla66 says #
    It seems quite ironic that the economy is just on the edge of collapse right at the time our Senators are on the very cusp of inve
  • doyla66
    doyla66 says #
    I've been wondering when the Senate hearing into ASIC was going to be. I joined a group of BFCSAers in Canberra in August of 2012
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Dear members I have just read Denise's supplement to her Senate submission. First I would like to say a heart felt thanks from all of us for the long hours and effort that you and your helpers have dedicated trying to help a group of people who the majority of you have never met. There are reasons why things happen in life, some call it fate , others say karma but whatever the reason, here you are leading a band of just over eleven hundred souls taking on a failed system in the persuit of justice. What a perfect storm the banksters had, they had engineered the perfect product. These low doc, no doc and full doc loans could be manipulated to pay back high interest and no principle in most cases, they're a higher return than variable loans and when they start to implode like they're geared to they offer...
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  • doyla66
    doyla66 says #
    Organza, yes you're right, its ill gotten by any definition and is ours.
  • doyla66
    doyla66 says #
    Don't you mean "our loot" Neil? From all I have been finding out one can take their pick from 36 of them thus far identified!
  • doyla66
    doyla66 says #
    Organza,I wonder which OFF-SHORE banks the banksters stash their loot in, not Australian I bet.
  • doyla66
    doyla66 says #
    Yes Neil it is all about greed and there is and never has been any honour amongst thieves and torturers so I sure hope they all ha
  • doyla66
    doyla66 says #
    Oranza, its greed that gives them their strength but its greed that will be their archilles heel, remember there is no honour amon
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Hello to all,              Just had to add a blog about the weirdness that evolves around FOS and their constant need not to know their own job? They have closed my case again 3rd time?!! And said it is a COSL dispute now as the debt was sold ?? How can the debt be sold when it was under investigation number 1? Then number 2 when I enquire, I'm told the debt has never been sold and is just being managed by another company?? How do they not know this? To make it more interesting FOS have stated that there is an issue and the lender has something to answer for?!! Ok so in my favor....then bam... It is passed on before anything is done!! Tsk tsk tsk will be adding onto the Senate inquiry asap if someone doesn't get their act together, I have it all in black...
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  • doyla66
    doyla66 says #
    I agree with all the above and would like to thank ASIC and the banks and all the lovely deception and lack of protection for a C
  • doyla66
    doyla66 says #
    2013 is nearly over..I am sorry to say my spirit has long been dampened by the sillyness of Banksters, ASIC government regulato
  • doyla66
    doyla66 says #
    Yes, Clara. FEDERAL GOVERNMENT as CONSENTING PARTNER in CRIME The Federal Government are the weak link and this lack of genuine
  • doyla66
    doyla66 says #
    Well look what I just found - no wonder they are all running scared for this is what playing follow the leader has led us to! No
  • doyla66
    doyla66 says #
    Good grief! How did they work that out? It looks more like the US debt. How long is it going to take for our silly government to
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  Would ASIC like to tell the Australian Public why they think they need more powers??? As Senator Helen Coonan said, ASIC doesn't lack powers, it just fails to use them. We would add that ASIC uses and abuses their powers at their own discretion as they are not truly accountable to anyone! So why are we continuing to fund this outrageous organisation? Who's responsible and how do we get rid of this ASIC, an uncontrollable lawless monster from another century? In the vast experience of borrowers, investors and other consumers of financial products in this country ASIC has not served our interests - in fact quite the reverse. It is true that ASIC has the blood of honest Australians on its hands. Bottom line: ASIC doesn't work and we're not sure what it does, apart from write reports, give speeches and issue self-congratulatory media releases. The information below is a...
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Emails reveal special ASIC exemptions for fund managers December 9, 2013 Michael West     Business columnist  SMH Top brass at the Australian Securities and Investments Commission have claimed on a number of occasions that the corporate regulator does not do favours. However, a series of internal emails obtained by Business Day shows ASIC gave special exemptions to the funds management industry after requests by its peak lobby group. The exemptions give big fund managers relief from having to provide reasonable and appropriate advice to their customers - including disclosing the effect of fees on a fund's investment performance. In the lead-up to the Super Choice reforms in 2005, where for the first time investors would have been able to choose between low-fee industry funds and higher-fee retail funds, the Investment and Financial Services Association (IFSA - since renamed Financial Services Council) lobbied ASIC to amend the laws. ASIC duly provided exemptions...
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  • doyla66
    doyla66 says #
    Oh, definitely, Tom If you have time we have other research on this site, written by Michael West. http://www.bfcsa.com.au/index
  • doyla66
    doyla66 says #
    Well researched , the can of worms is starting to open
  • doyla66
    doyla66 says #
    Tom their too large to be worms, perhaps snakes -- reptilian of sorts, dinosaurs? Right to Information—formerly Freedom of Inform
  • doyla66
    doyla66 says #
    Thanks, Andy. Just what I needed.
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Dear Member "In my opinion, ASIC is a maladministered agency with a bad culture that manifests in officers ignoring the law and not taking timely enforcement action, doing favours for professional colleagues in industry, concealing or manipulating information, and otherwise acting without integrity so that the agency can avoid responsibility for its regulatory failures." Members the above sentence is not mine. It belongs to Jeffrey Knapp a Lecturer in Accounting at the University of N.S.W. This man is a prominant authority and his submission 274 is just another damning insight into how useless and waste of tax payers money ASIC is. The one thing that is blatantly apparent from reading all the submissions is that ASIC's inaction has cost investors hundreds of millions of dollars, enough in fact to get this great country out of debt. All the different investment schemes and the banksters diabolical lending practices have cost this country...
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  • doyla66
    doyla66 says #
    Denise has fought this banking rought for years VIRTUALLY ONE OUT , but now the tide is starting to turn heavily against the perp
  • doyla66
    doyla66 says #
    Pls take the time to work through both Knapp and Levitt submissions - doozies and very revealing. After reading Levitt, how can t
  • doyla66
    doyla66 says #
    What a smug and conceited so and so Medcraft is. Just shows he does not give a damn about his position just the loot. Maybe he c
  • doyla66
    doyla66 says #
    Read the one by Levitt Robinson I think it is VERY DAMMING( 276) One actually quotes Medcraft as saying when asked how long he wa
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Dear Members  The depth and breadth of the Senate submissions so far is quite astounding.  As you would expect the bulk are aggrieved borrowers and investors who through the failings of ASIC to do the very job they were created to do, failed dismally which resulted in many borrowers facing financial ruin. There is a huge cross section of Australian society involved, everyone from senior legal university academics, various law firms, business leaders, state and federal government agencies, banks, brokers, consumer groups and of course the multitude of victims and the list just keeps getting bigger. There are definite patterns forming, as expected all state and federal agencies have circled their wagons and given ASIC the thumbs up to protect their public service brothers and sisters.  The legal fraternity seem to favour them as well.  I suppose whilst ASIC exists there will be plenty of work for them. Its quite obvious  some submissions want to placate...
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  • doyla66
    doyla66 says #
    Some of the submissions are just so flowery and frilled up, it appears ASIC are Gods's gift to the world. What world I'm not sure
  • doyla66
    doyla66 says #
    The Senate Committee Hearing into ASIC is going gang busters with some awesome submissions and some absolute dribble " sorry banks
  • doyla66
    doyla66 says #
    Good post, Neil. Dead right about pandering to the legendary ASIC egos! That's in their formal professional capacity. I wonder wh
  • doyla66
    doyla66 says #
    You're also right in that the ones who have the most to gain from ASIC are putting in subs. that are pathetic. You wouldn't expect
  • doyla66
    doyla66 says #
    So right Neil there have been submissions that are heartbreaking and we know full well that we are in similar positions, some wors
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