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.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form
Click here to recommend this to your friends <http://cecaust.com.au/releases/2014_10_17_Ebola_Threat.html>  Citizens Electoral Council of Australia  Media Release  Friday, 17 October 2014 Australians cannot tolerate Abbott-Hockey austerity in face of Ebola threat  In light of the Ebola epidemic, now clearly a global threat, Federal Treasurer Joe Hockey must abandon his current 2014-15 budget and immediately increase spending on public health, medical research and science. All budget cuts affecting health and science must be jettisoned, and the federal government must undertake an emergency action plan to boost funding and staffing of medical facilities, including hospitals, pathology, research and vaccine production centres, together with efforts to support the manufacture of medical equipment and protective gear, in the face of expanded global demand.  Prime Minister Abbott must reverse his decision to commit money alone to the international effort to tackle Ebola at its root, and coordinate the medical teams and troops already demanded by the Australian...
Last modified on
Hits: 1828 0 Comments
Rate this blog entry:
Continue reading
Dear members This is extremely urgent.  Please send your story to Alan Jones.  2GB We have over 1200 copies of fraudulent loan applications which have been presented to ASIC  but they refuse to act. Thousands of Australians have lost their farms, businesses and homes as a result of bank greed. This evidence was presented to the Senate Inquiry into ASIC in Sydney a fortnight ago. Rather than listen to disgruntled bank and ASIC customers I highly recommend you talk to Senator John Williams who was there and if you want to follow that up to also contact Denise Brailey who is the criminologist in our support group. Denise has over fifteen years of records detailing ASIC, FOS and COSL failings plus all the evidence against the banks and how they engineered this mass fraud on Australia's most vulnerable older persons - mainly pensioners. I IMPLORE ALL members to write a brief outline of...
Last modified on
Recent Comments - Show all comments
  • Keisha Green
    Keisha Green says #
    Hello friends!!! i want to testify of the good Loan Lender who showed light to me after been scammed by 2 different Internet inter
  • Keisha Green
    Keisha Green says #
    Hello friends!!! i want to testify of the good Loan Lender who showed light to me after been scammed by 2 different Internet inter
  • doyla66
    doyla66 says #
    Mrs (Susan) from United state of America, i stayed in Alabama, and i have a broke up business, until i found this company email wh
  • doyla66
    doyla66 says #
    Mrs (Susan) from United state of America, i stayed in Alabama, and i have a broke up business, until i found this company email wh
  • doyla66
    doyla66 says #
    Scared to hope too neil but every door that opens is a brand new possibility all xxxxx
Hits: 3172 24 Comments
Rate this blog entry:
Continue reading
Extracts from "Book in a Volatile Market"  by By Nick Hubble • January 23rd, 2014 The Daily Reckoning " We'd like to make a community announcement. There is a scourge sweeping our society. One that must be dealt with. More on that below. But first, financial matters. Yesterday we asked whether Australia can remain an island of prosperity while Europe and the US stay in the doldrums. The short answer is no. That's because we've got our own problems...." ..." The wild card is banking. Our story on LAF manipulation is likely to get an award for the slowest viral story ever. If you don't remember, mortgage brokers and bankers have been manipulating people's Loan Application Forms. They put a '1' in front of your income when you apply for the loan, turning $50,000 in to $150,000. And that makes the $500,000 loan affordable. --Nobody knows how common this is for sure....
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    Amazing when you think that Nick Hubble being basically the only person in the media who has understood and reported for so long t
Hits: 1931 1 Comment
Rate this blog entry:
Continue reading
Dear members This was not an intended blog but while reseaching Gail Kelly's( Westpac) role in the B20 ( business leaders contributions to G20) at Davos alongside P.M. Tony Abbott I chanced upon this site. "The Conversation" is an online outlet where academiics and experts in a myriad of fields  comment on everything from politics, world events, the enviroment and alot more. These people are the top shelf of knowledge  and highly qualified on all things and convey this through high quality journalists. Its the Australian version with 1.4 million subscribers worldwide and academics from Australian and overseas universities and institutions and think tanks represented.Its a platform where academics can get access to the common man and vice versa and us little people are actually allowed to leave comments which come from a great cross section of Australian society Instead of relying on ASIC's and the politicians interpretation of the law...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    Sorry members, I forgot to mention once you google " The Conversation" just go to the appropriate headings and click to read artic
Hits: 1711 1 Comment
Rate this blog entry:
Continue reading
Dear members My guts are still churning after reading this article. The Advertiser article for Jan14 titled Broker is Victim of Media Witch-hunt in the comments section refers to an original article by Jessica Darnbrough dated 20-8-12. The article has stirred up alot of commotion amongst the broker community, the article is in reference to David St Pierre signing up elderly clients. The main cause of concern is how they are being betrayed by the media. A Today Tonight  report dated August10, 2012 by Neil Dorley has created a lot of consternation, it exposes loans given to an elderly pensioner and a dementia patient, both loans were for $440,000 over thirty years. The brokers have replied in their broker comments section by stating A Current Affair and Today Tonight are using sensationalist media tactics at the brokers expense and casting them in a bad light, interestingly enough one broker in their...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Well Neil More problems When property was seized by First Mac a buyer Debra Henderson was willing to purchase property @ value of
  • doyla66
    doyla66 says #
    Robert and Stuart email the Senators, Bishop, Bushby, Dastyari and Williams and state its imperative that they talk to Denise agai
  • doyla66
    doyla66 says #
    Capital Growth International and David St Pierre Westpac Bank Manager funder of the SCHEME Liz Orchard said she was conned
  • doyla66
    doyla66 says #
    Sorry Forgot to mention struggled with payments of block Liz orchard to the rescue offering 15% return fro an investment company.
  • doyla66
    doyla66 says #
    MY name is Robert and I too am a victim of Bank Fraud applied for loan on income of 30,000 . I was asset rich with low income eve
Hits: 7331 9 Comments
Rate this blog entry:
Continue reading
Today Tonight Channel 7 - " Biggest Bank Fraud"  Major warning for all HOME BUYERS The Aussie families drowning in a debt that they never wanted. One of the biggest case of alleged fraud in Victorian history involves a seven-year saga of serious allegations against the Commonwealth Bank, and suspected conmen who are currently at the centre of a two-year police investigation over a $70 million Ponzi scheme. Click on the Link for the story http://au.news.yahoo.com/today-tonight/money/article/-/19914852/biggest-bank-fraud/ Duration 5 minutes 20 sec  ...
Last modified on
Hits: 1723 0 Comments
Rate this blog entry:
Continue reading
  The bank, the whistleblowers, the regulator and the lost savings Adele Ferguson and Chris Vedelago SPECIAL: How the nest eggs of hundreds of retirees were placed, without permission, in high-risk products that generated big fees for the People’s Bank.   ASIC 'asleep on the job' over CBA ADELE FERGUSON One of the whistleblowers who tipped off the Australian Securities and Investments Commission about a scandal inside Commonwealth Bank's financial planning arm has described the regulator's submission to a Senate inquiry as ''inadequate'', full of spin and riddled with excuses.   Finance Targets, bonuses, trips - inside the CBA boiler room Adele Ferguson and Chris Vedelago Amid the fracas of the global financial crisis, 100 of Commonwealth Bank's top financial planners flew to Auckland for an annual three-day bash in honour of the bank's biggest earners.   Planners Senate launches inquiry into ASIC Adele Ferguson, Chris Vedelago The Senate will...
Last modified on
Hits: 4841 0 Comments
Rate this blog entry:
Continue reading
Dear members ABC news in conjunction with Vote Compass are doing an online survey to see what are the priorities in voters lives. Its a set of questions about the different parties, the economy, health, education, defence, asylum seekers and so on. These are preset questions, but in the section marked demographics question no. 13 it states - please specify what issues are most important to you - so I've submitted - we need a Royal Commission into the finance industry for falsifying facts on loan applications and to give the Senate hearing into ASIC wide reaching powers. This online survey has had more than 820,000 participants and has had more hits on google than both major parties combined, so it's another opportunity for us to publicise our plight and our quest for a R.C. Its completely anonymous and at the end it shows what your political leaning is, the results might...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    I put my comment in also
  • doyla66
    doyla66 says #
    Thanks Neil. I did it. Included why we need a Royal Commission into Banking and Finance urgently. Without trust in the strength,
  • doyla66
    doyla66 says #
    I just put my comment in as well.
  • doyla66
    doyla66 says #
    easy peasy - I just voted online. re Q13 under demographics, you need to click "other" and then a drop down box appears for your
Hits: 2263 4 Comments
Rate this blog entry:
Continue reading
Published on Oct 22, 2012 RussiaToday    The Foreign Minister Ossur Skarphedinsson of Iceland tells R T's Marina Portnaya how his country managed to pull itself away from the financial abyss - and offers up a few pointers as to how the Eurozone can do the same.  Click on the following link to view the interview. http://www.youtube.com/watch?v=eP9ZdeXRNYg...
Last modified on
Hits: 1393 0 Comments
Rate this blog entry:
Continue reading
The Fiscal DistractionBy Joel Bowman You keep lying, when you oughta be truthin'and you keep losin' when you oughta not bet.You keep samin' when you oughta be a changin'.Now what's right is right, but you ain't been right yet.- 'These Boots Were Made For Walkin', written by Lee Hazlewood, performed by Nancy Sinatra.The whole world - or at least the portion of it concerned with investing - seems to be on edge. Folks want to know what's happening with the 'fiscal cliff'. You remember that oh-so-fateful precipice, right? Of course you do. How could you forget!The Washington Post: 'As the White House and Republican leaders enter the final month of negotiations to avoid a year-end "fiscal cliff," both sides struck an uncompromising tone Sunday, as warnings mounted that they will be unable to forge an agreement to stop an automatic series of deep spending cuts and large tax hikes that could...
Last modified on
Hits: 1407 0 Comments
Rate this blog entry:
Continue reading
  Facebook comments Alan Anstine  In Iceland the people own the government unlike the U.S. of A. where the banks and corporations own the government. A big and very fundamental difference. "}">Like · Reply · 4 · Friday at 12:13pm Hyym Schwab  they don't want us getting any ideas which is why they blacked it out i have to go to a forgein news paper to get anynews "}">Like · Reply · 2 · Friday at 12:15pm   Mark Holmstrand Because it would scare the shit out of the right-wing in this country. "}">Like · Reply · 6 · Friday at 12:10pm   Steven Piparskeggr Robinson It seems to me that the Icelandic government helped their citizens as best they could while punishing the bankers (and some politicians) as best they could. Unlike · Reply · 1 · Saturday at 2:11pm Robert Douglas Walden From what I hear they are...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    The Sydney Morning Herald tried to get some info. regarding our own banksters from APRA without much luck. To refresh your memo
Hits: 2557 1 Comment
Rate this blog entry:
Continue reading

Posted by on in Fraudulent Loan Apps
PRESS RELEASE:   Banking and Finance Consumer Support Association (Inc)    BFCSA (Inc) Condemns Senate Report For Failing To Call For A Royal Commission Into the Australian Banking Sector.   28th November 2012.  Award-winning consumer advocate and President of the BFCSA, Ms Denise Brailey, says the Senators’ decision not to recommend a Royal Commission into the Australian banking sector is a crushing blow for the thousands of people, including pensioners and retirees, who have become victims of bank fraud and lender maladministration, relating to Low Doc and No Doc lending.   The Government cannot profit by fraud and the public must be assured, that what it has invested taxpayers’ money in, is not tainted by fraud, that it is secure and that the securities had been checked before the RMBS tranches were purchased.     The validity of the loan application falsification remains unknown, in relation to the Low Doc mortgages...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Govt can "afford" to give ASIC an extra $100 million but can't afford a Royal Commission into Fraud. ASIC to investigate with BFC
  • doyla66
    doyla66 says #
    Could we have expected anything less with a federal election looming (and it's probably closer than you think)? Those pollies are
  • doyla66
    doyla66 says #
    Can they announce two Royal Commissions in two weeks? Just wondering whether that may be a reason they went against another one.
  • doyla66
    doyla66 says #
    Executive summary. The key finding of the committee is that an independent, well-resourced and comprehensive inquiry into the Aust
  • doyla66
    doyla66 says #
    Why is it that thr recommendations begin at 3.1?
Hits: 2465 9 Comments
Rate this blog entry:
Continue reading
CEDA -- the Committee for the Economic Development of Australia-- says; that the family segment of the energy market contains the real power battlers because they have limited disposable income and high use, and has called for energy hardship concessions for families to go to the top of agenda. It is a “yawning gap” and wants an urgent review of concessions. In NSW, for example, where there is a high proportion of such families in the community, average household power bills have shot up from $1,100 a year in 2007 to $2,230 this financial year. Gillard, in August talked-up how determined she is that “in December we get action to make a difference for power price rises for families...this is hitting family budgets..it's hitting people hard --and I want to see action.”” 'Don’t promise want you can’t deliver' is one of the oldest maxims in politics when the time frame for delivery is months not years or decades. Yup,...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    Interesting post, Andy. Do all these people have solar power on their roofs?? Maybe they finished the alternate energy subsidy to
Hits: 2141 1 Comment
Rate this blog entry:
Continue reading
Notes on a scandal:       Global inequality-- " In my view perhaps the greatest indictment of recent times has been the failure to seek out and punish those responsible for the GFC. ...There appears to have been many who knew of the illegal activities but for various reasons kept quiet. Those who spoke out were ostracised, ignored or worse – intimidated. Most of the “perps” as the Americans like to call them, appear to be psychopaths... to some they are 'charismatic' or 'electrifying'. Unfortunately they are inveterate liars and cheats who are cruel, exploitative, destructive, irritable and aggressive.  Many financiers describe the GFC as a “speed bump”. With a shrug of their shoulders they mutter “shit happens”. But most in the industry know “bad shit was going on, ...but no one has been convicted.   Was the 'establishment' complicit in these crimes and protected its own? ...whether the game is rigged? ... Is there one rule for commoners and a different set...
Last modified on
Hits: 2377 0 Comments
Rate this blog entry:
Continue reading
Hey BFCSA members.  Denise has written another Press Release, so could all our wonderful members with media contacts please forward this to them, to keep them informed.   And let us know who you emailed it to, so we can prevent others from becoming embroiled in the Australian Mortgage Scandal.   Copy and paste the following and send results in comments :-)) ~~~~~~~   BFCSA (Inc) investigates fraud involving banks and lenders, financial promoters and mortgage brokers.  Low Doc and No Doc banking products appear to be normal financial products,however, these loans can leave the innocent customer homeless in a very short period of time.  For the past two decades, Ms Denise Brailey, President of BFCSA, has been a tireless campaigner, championing the cause of older and low income Australians who have fallen victim to banking and finance scams.     BFCSA (Inc) is a not-for profit, member funded, investigative support group.  Please have a...
Last modified on
Tagged in: bank fraud banksia bfcsa
Recent Comments - Show all comments
Hits: 2107 2 Comments
Rate this blog entry:
Continue reading
White House,: Barack Obama used innovative methods of organisation to win big --and emphasised a lot of digital innovation in his own campaign which enabled him to access more followers and donations. Five tech trends employed by Barack Obama’s election campaign:~ 1. Gather the data. Then use it:~  Obama’s team put it to their advantage, coordinating the teams deciphering this data with the people in charge. How using big data to analyse what people actually wanted could influence business decisions. In fact, they were so important campaign spokesman called the data crunchers “our nuclear codes” 2. Put all your databases in one place:~  the campaign spent time creating a single database that could be used by pollsters, fundraisers and other officials.The benefits of this type of system are huge. You get more accurate results, you can spend your money more efficiently, and it results in less waste. 3. Target the most effective customers:~ target your customers better by coordinating databases,...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    Great post, Andy. The well annotated database is the most valuable item in any marketer's kit. In the olden days a "high tech" cam
Hits: 2305 1 Comment
Rate this blog entry:
Continue reading
If the Australian government is willing to learn from the mistakes of others this interview with Nigel Farage contains some timely lessons in history and the capacity of human beings everywhere to repeat their own mistakes in the belief that this is progress. There is a better way and that way is true democracy, strong oversight on the corruption of referenda and other voting opportunities and drawing on the inherent strengths of each country independently interacting with other independent nations. Bureaucracy breeds more bureaucracy and inevitably that creates more waste, the need for more debt and serves few amongst those who actually pay for the "service" out of their own pockets. Source: http://www.youtube.com/watch?v=LmROimOLWBo&feature=related    ...
Last modified on
Hits: 1540 0 Comments
Rate this blog entry:
Continue reading
Channel Ten's Ron Wilson interviews BFCSA for the morning news, Thursday 18th October, after overnight collapse of Banksia Financial: Youtube Video Link here It just occurred to me that maybe it is some kind of sick joke that they are called BANKsia...   ...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    ...very well done STM ....the Force is with us....
  • doyla66
    doyla66 says #
    You did well in the interview. Thanks for the link to the video STM
  • doyla66
    doyla66 says #
    Plenty of people must have seen this,as the hits on the website have escalated considerably in the last few days. Great interview.
  • doyla66
    doyla66 says #
    Well done, Helen! You did a great job with the live cross and questions on camera. Not an easy job at all. I hope that reached th
  • doyla66
    doyla66 says #
    I actually saw this online on thursday. A very good interview STM and good on Channel 10 for giving BFCSA the attention it deserve
Hits: 2111 6 Comments
Rate this blog entry:
Continue reading
by Robert Gottliebsen: Gillard has six months to go to the polls iby Robert Gottliebsen Published  24 Oct 2012   My advice to Julia Gillard is to call an election within the next six months. Last night on markets there were some scary developments for Wayne Swan’s mini budget, while the Morgan Poll has the ALP a nose in front of the Coalition which has slumped. Other pollsters have picked up the same trend but have not gone as far as Morgan.In other words, after being written off Gillard is on a roll and that roll might continue in coming months as interest rates fall.But further ahead there are some global and local nasties. Last night traders began shorting copper because they believe that China is not going to stimulate further and that Stephen Koukoulas called it correctly when he suggested that the latest China growth figures overstate the real position – something revealed...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Oh, and Gottliebsen is a muppet in my estimation. Only tells as much as his editors allow him to say to secure his own pay cheque.
  • doyla66
    doyla66 says #
    Geoff Waterhouse - say it like it is! We can only live in hope that the sheeple wake up and realise that the two party system is
  • doyla66
    doyla66 says #
    Elections give the sheeple an opportunity every so many years to decide who will be the servants of the banksters for the next few
Hits: 2749 3 Comments
Rate this blog entry:
Continue reading
"On the whole this MYEFO definitely looks like a pre-election effort: prepare for an early Federal poll." In addition to that, the MYEFO includes $109 million from unclaimed bank accounts; and -- $98 million from unclaimed company funds held at ASIC, also booked as current revenue.   Prepare for an early election by Alan Kohler   [Published  24 Oct 2012]   We knew the Government would have to cook the books to some extent to stay in surplus this year, but the scale of the culinary exertion in this week’s mini budget deserved three stars from Michelin.The change to “large company” (that is, those with $20 million revenue or more) tax payments from quarterly to monthly has smacked gobs across the business world, although it won’t help this year’s balance. Its main effect is to provide a one off $6.2 billion pull forward of company tax for the 2013-14 budget and keeps the forward...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    I can't see the justification for a baby bonus in Australia. Incentivising people to have more children is pointless unless we're
Hits: 2751 1 Comment
Rate this blog entry:
Continue reading