GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

Visitors

Articles View Hits
717246

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Lee Doyle

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
doyla66

doyla66

Lee Doyle has not set their biography yet
Dear members Watching the news in our hotel room getting ready for the Senate hearings tomorrow am and taken aback. We cannot ger the Australian Federal Police to investigate the banksters yet they can raid two channel7 properties under the pretext of finding evidence of payments to Shapelle Corby for interviews. I'm sure if they raided the banksters on our behalf they would score better in finding indictable evidence. What they did is not of national importance, bringing the banksters to account for their engineered fraudulant deeds is. Tens of thousands of Australians lives have been decimated by their actions but no federal authority will pursue them. Tomorrow will be the new beginning, I  have never looked forward to anything as much as I look forward to  ASIC Chairman Greg Medcraft take the stand tomorrow, I hope the good Senators drill him harder than a Collins Street  dentist and leave him...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Typical of the AFP they make out they are doing something but in reality they are doing nothing of National importance. We have so
  • doyla66
    doyla66 says #
    My exact thoughts NT What a discrace this country is. I agree 100 % that tomorrow is "a new begining" For us all....... Things hav
Hits: 1714 2 Comments
Rate this blog entry:
Continue reading
Dear Members It amazes me that as we fast approach the Senate hearings every day brings more bad publicity for ASIC. As a bipartisan exercise regardless of political allegiances, it can't bode well for them. At present the PM and Treasurer are getting no, or very little return on their money by ASIC's performance. I don't know whether anyone will actually take the time to work out how much money has been lost by the big collapses like Storm or Trio, plus all the others. The financial and human cost to individual investors and victims of loan fraud is incalculable and all this because some overpaid individuals got complacent and thought they knew best. They were given the tools and rules to carry out their mandate but instead of carrying out the job they were heavily funded for, they got lazy. What started as a trickle of FOB OFF letters has...
Last modified on
Tagged in: ABN for a day SCAMS
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Ah huh! Another secret revealed - now Bankers Anonymous ........... Writing in the New York Times, Sam Polk claims the reason b
  • doyla66
    doyla66 says #
    Pass the smelling salts - courtesy of BBC news! He must have gotten some insider information on Denise and her capabilities! Bar
  • doyla66
    doyla66 says #
    I don't know whether they will broadcast it but the A-PAC channel 648 on SKY normally broadcasts government hearings and committee
  • doyla66
    doyla66 says #
    Thanks Neil for this info. Will definately check on it.
  • doyla66
    doyla66 says #
    Gfs and Duped, yes i think i read somewhere that it's audio only unfortunately. Oh well i suppose it's better than nothing. We are
Hits: 2316 15 Comments
Rate this blog entry:
Continue reading
I have been very ill for some time now & most of this is due to ANZ, their lies & approval of an illegal loan which resulted in the loss of our family home. After a long battle with FOS who would not ask that question to ANZ  "how was I qualified for the loan in the first place?" I FINALLY learned the truth! I received an email from ANZ with an Admission that they hold NO application for my 2007 loan.  The email was received from an ANZ staff member who was filling in whilst the staff managing my banking account were on holidays... this was long after my FOS dealings.  I had tried to get copies of my LAF for many years & just kept getting the run around by ANZ staff.  Whilst they where on holidays I requested my LAF copies again as I knew the liars were away & FINALLY a relief staff member emailed me...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    precisely why it is about time that Denise Brailey and BFCSA get the recognition it deserves. ASIC receives $450 million !! BFCSA
  • doyla66
    doyla66 says #
    Justice will come Wayne. I dont understand how FOS can not demand compensation under such Circumstances.....its a joke What a jok
  • doyla66
    doyla66 says #
    Same with Nab. No LAF. The Broker did not complete an application, the only thing ever signed for the Broker was for him to get h
Hits: 1795 3 Comments
Rate this blog entry:
Continue reading
To date I have complained to FOS and reported a Crime to NSW Police regarding Westpac Bank and how they refuse to explain why and how it manipulated my 2010 & 11 Tax Assessments.  All questions from FOS to me so far have had nothing to do with either my complaint, or what Westpac Bank has done. It seems to me, from my experiences so far, that FOS & Westpac think its OK to increase my income Tax details without my knowledge.  A Westpac Credit Assessor increased my income on my FULL doc Loan application. As a direct result of Westpac unjustly increasing my income to suit their "service calculator" I have been placed in financial difficulty from the day the loan was approved by Westpac. R.S. (name withheld)...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Westpac the Kelly Gang: Kelly has an innocent caring look if only the world knew what a vile snake she really is, capable of dest
  • doyla66
    doyla66 says #
    Gee that picture of Gail Kelly makes me fume - the smiling assassin. If she thinks she can laugh at ripping people off well the on
  • doyla66
    doyla66 says #
    My WESTPAC loan although low doc is the same situation but of course you supposedly self declare on low doc loans. If they have ma
  • doyla66
    doyla66 says #
    The stories just keep coming.... How will this be fixed? How can it be OK for this to happen in Australia? Justice is around the c
Hits: 1776 4 Comments
Rate this blog entry:
Continue reading
  Incomprehensible, inept and just wrong TERRY MCCRANN HERALD SUN FEBRUARY 12, 2014 12:00AM WHAT Peter Mason, the soon-to-be ex-chairman of David Jones, did was utterly incomprehensible. It was also very badly wrong.  What the ‘invisible man,’ Greg Medcraft, still the chairman of ASIC, did NOT do, was merely embarrassingly inept. It was also plain wrong.  Late last year Mason, who’s been a respected and highly successful investment banker for over 40 years and an effective non-executive company director more recently, signed off as the company’s chairman, on two DJ directors buying shares in the company.  That in itself would be unremarkable; and we normally would never even hear about it. Except, that three days after the two directors, Steve Vamos and Leigh Clapham, went ahead and bought their shares, DJ released its first quarter sales numbers.  Sales bettered market expectations and the DJ share price leapt 6.6 per cent. If the...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Even when you have all documents to prove Fraud is committed that doesn't seem to help get justice, the victims want this so bad..
  • doyla66
    doyla66 says #
    I hope the senators get to read this column in the paper and understand how pathetic and lazy ASIC's performance really is.
Hits: 2302 2 Comments
Rate this blog entry:
Continue reading
Senate inquiry to probe ASIC's role in unsolicited card campaigns Posted on: 10th February 2014 A Senate inquiry will scrutinise how Qantas and Virgin Australia were able to secure private no-action letters from the corporate regulator which gave the airlines a "green light" to send millions of unsolicited payment cards to their members. Senators from both sides of the political divide have asked the Australian Securities and Investments Commission to explain why it allowed the airlines to ignore the laws on unsolicited debit cards. ASIC's no-action letter means it has agreed not to take the airlines to court for potential breaches of s12DL of the Australian Securities and Investments Commission Act over these card mail-outs. The senators have asked ASIC, Qantas and Virgin Australia to make submissions to the Senate Economics References Committee detailing their justification for the massive unsolicited Visa and MasterCard mail-outs. An investigation by Compliance Complete found the...
Last modified on
Hits: 2065 0 Comments
Rate this blog entry:
Continue reading
Neil Toplis - Posted on Saturday, February 15, 2014 We also were investors in the Sevelle group. ASIC never informed investors they were taking him to court.  Before they shut him down ASIC contacted the investors asking did they have any dirt on him but DID NOT inform investors that any information provided could actually shut him down. We wrote to Wayne Swan and stated 69 mum and dad investors who mostly borrowed using their homes as equity had lost 13.5 million dollars.  Mr Swan replied ASIC did what they did to protect us. ASIC lied.  At first they stated to us that they shut Sevelle down because he used pressure to coerce an investor to sign a transfer from property development to shares, but now they state they took action because he didn't have the appropriate license. It was years later, only when some of the investors got together that we discovered LAF fraud. ASIC...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    ASIC sure are doing a good job and now going at it at their favourite role of playing Whelan the Wrecker helping their bankster ma
  • doyla66
    doyla66 says #
    I was contacted last year by ASIC as a result of Denise's meeting with Warren Day( ASIC). I raised the point that none of the inve
Hits: 3623 2 Comments
Rate this blog entry:
Continue reading
This is my story..    In 2006 we became involved with an investment group.. in order to invest we had to refinance and this was with Perpetual Trustee who became GE Money.   In 2007 Sevelle finance was shut down and $500,000 invested (borrowed against our Home equity) was gone.     If this was not devastating enough, we asked for a copy of our original LAF faxed to the Lender on BFCSA's advice and it was ONLY then we discovered the changes that had been made...figures added in, false super and business valuations and my husbands salary altered.  That's what we saw on the pages of the LAF GE would give us... We have never gotten the other pages and in fact subsequent requests have been met with less pages.   ASIC was told of the fraud...a billion reasons why they could not help.  FOS...no help. Police...no help....this was...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Duped don't think that would be enough. This is so widespread and not only with complaints registered with EDR's but everyone who
  • doyla66
    doyla66 says #
    The problem Gfs246 is that the wheels of government turn so slowly (almost as slow as ASIC) and it would be only through pressure
  • doyla66
    doyla66 says #
    What will happen if a RC is announced? I am thinking "all hell will break loose" But where will we all stand NT? I am so excited
  • doyla66
    doyla66 says #
    Neil Toplis - Posted on Saturday, February 15, 2014 We also were investors in the Sevelle group. ASIC never informed investors t
Hits: 1842 4 Comments
Rate this blog entry:
Continue reading
Dear members Its the ground swell of public discontent at ASIC's performance  that has now reached tsunami levels. Even on short notice of dates and venue BFCSA's presence will be felt. After ASIC head Greg Medcrafts appearance we are up against a majority of hard hitters who are predominately pro-ASIC from the ASIC Gene-Pool, you can form your own opinions because each witness has a submission number next to their title so you can refresh your memories. I have read all the submissions to the Senate hearings and all those who are pro-ASIC seem to be people who have something to gain either directly or indirectly as ASIC stands in its present form . Some of the witnesses gain monetary profit from ASIC's inaction and others are protecting their jobs and futures while others are trying to protect the supposition that they weren't performing their duty of care to the aggrieved...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    Too right - their system - their crisis - their rules - their lies - time now for a good dose of their own medicine! Must be a lo
Hits: 2078 1 Comment
Rate this blog entry:
Continue reading
By Rob Taylor and David Winning CANBERRA, Australia — Australia is readying a plan to sell 130 billion Australian dollars ($117.49 billion) in assets ranging from health insurers to electricity poles, hoping to set an example to cash-strapped governments around the world that need new funds to boost their economies. Treasurer Joe Hockey, who will chair a meeting of finance ministers and central bankers from the Group of 20 developed and developing nations this month, said Australia’s conservative government was finalizing a deal with state counterparts to prioritize assets and businesses that could be sold to private investors. “We are going to free up the capacity to get on with the job of building things,” Mr. Hockey told The Wall Street Journal in an interview at his parliamentary office in Canberra. “We’re going to form a partnership with the states that is going to be rolled out over the next few...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    Well Joe the doer, have you blokes in Canberra finally worked out that the toxic crap that the Banking industry advised you to sel
Hits: 2243 1 Comment
Rate this blog entry:
Continue reading
Farmers launch class action against ANZ bank Sarah Taillier Updated 7 hours 49 minutes ago A group of West Australian farmers say they are planning a class action against the ANZ Bank, claiming it has engaged in 'predatory' and 'unethical' practices. In 2009, ANZ purchased Landmark's loan book, which contained rural clients. Some of those clients are involved in the class action claiming revised loan conditions, imposed by ANZ, are too harsh. The Rural Action Movement's, Greg Kenney, is one of about seven farmers behind the action. He said he hoped the case resulted in a Parliamentary inquiry into banking practices. "I wouldn't like the class action to end with just those farmers that have come on board being the beneficiaries of it," he said. "I'd like to think that once the banking practice has been made public, that the public is aware of what they've been doing, practically in the bush,...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    i reckon this is the stupidest thing i have ever heard happened to a bank and i have heard of some stupid banks before
  • Denise
    Denise says #
    Its time for ANZ luminaries to stop poncing around and lying to the public and Parliament. For any of their team to say we at ANZ
  • doyla66
    doyla66 says #
    The Banksters are like broken records "No unethical or predatory behaviour" What a joke!!!! I am off to bed now laughing at this.
  • doyla66
    doyla66 says #
    I reckon ANZ chiefs should become comedians.
Hits: 3041 4 Comments
Rate this blog entry:
Continue reading
Extract of a submission to the Senate Inquiry into ASIC's performance  "The subsequent list of failed companies (too many to list here) indicates that  ASIC failed in their duty to investors. Who is ASIC accountable to?..." ..." In summary:- 1. We believe ASIC failed in its duty to investors 2. ASIC's investigating procedure borders on an insult to our intelligence..." to read more, click on link for PDF   http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&ved=0CEIQFjAE&url=http%3A%2F%2Fwww.aph.gov.au%2FDocumentStore.ashx%3Fid%3D7bb3eb9e-b923-40f2-ad5d-4ff97d8d1a0b%26subId%3D31251&ei=D139Ury2GaiwiAeDkIDQAw&usg=AFQjCNGPWjHk9yjmTVyunfDNtZdRZckIJg   Director banned but back for more by: Exclusive: Anthony Klan From: The Australian March 24, 2012 12:00AM  AN Australian man with a track record for presiding over corporate collapses is operating an international currency trading scheme which is bleeding millions of dollars raised from investors and clients across the globe.          Les Freeman, who was in 2010 banned by the Australian corporate regulator from being a company director, is behind the group of companies operating out of Brisbane, Santa Monica and Hong...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    How many villains out there hide behind bankruptsy laws or family trusts to bury their ill gotten gains? Our broker hid all the in
  • doyla66
    doyla66 says #
    And the QLD ex ASIC Commissioner is a co-director!!!!
  • doyla66
    doyla66 says #
    Seems to be a pattern here. Lock a few up, let a few more declare themselves bankrupt and when they are free of all encumberances
Hits: 7522 3 Comments
Rate this blog entry:
Continue reading
Dear Senator Ryan,                                Your statement reported in today's WA Today paper accused Mr Shorten of ignoring corruption in the Union. The same accusation could (and should) be levelled at you and your Government for ignoring mass corruption in the banking and finance industry and the Regulators which has been going on for decades.    BFCSA (inc) members are calling for a ROYAL COMMISSION WITH WIDE TERMS OF REFERENCE and should have been granted before the Union Royal Commission. Why? Because the matter we are dealing with is more serious. Hundreds of thousands of people are being ruined because of engineered bank fraud and that is all banks.    I implore you to use the same tools to turn a light into the dark corners of the banks where we know and have absolute proof of CRIMINAL practices.    Regards    Ken P....
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Just like the nose on your face this sticks out and cant be avoided. This country is in dire trouble and needs a solid plan to fix
  • Denise
    Denise says #
    Political blinkers must be removed immediately before any further damage is done to this country. Not one more mortgage should be
  • doyla66
    doyla66 says #
    Our once great country is in one unholy mess, a dire situation indeed which even our big bold Treasurer now admits. No Government
Hits: 1869 3 Comments
Rate this blog entry:
Continue reading
Dear members As a consequence of life I get quite a lot of down time but the upsiide is I get exposed to lots of media broadcasts and the information within. This morning on ABC breakfast there was an interview about super funds and the guest represented industry super which is cheaper because they don't pay commissions. The big banks have a big slice of super funds and want more and as a result that when ex-CBA bos David Murray does his roots and branch investigation into the banks he is also going to look into the super aspect and SMSF funds, what recommendations will he make to parliament over that? Also the rules regarding brokers and advisers are to be relaxed as well. Tonight on Peter Van Onseline on Sky he pointed out that Tony Abbott has only one woman on the front bench Julia Bishop but whenever the camera...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    In case anybody missed ACA tonight Tracey Grimshaw did a story about a government bill I had never heard of which might be good fo
Hits: 1691 1 Comment
Rate this blog entry:
Continue reading

Posted by on in ROYAL COMMISSION URGENT
i
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    yes, bring it on. FREEZE all TOXIC loans & let FOS work it out case by case. they will need to start to think about employing a wh
Hits: 2180 1 Comment
Rate this blog entry:
Bank phoned me Friday just gone to say they feel after a few weeks of discussions with them that upon investigation they don't feel they acted with maladministration or were guilty of imprudent lending based on the information they received from the Broker at the time.     Pish posh...  They didn't check, or made one phone call to us, or made a request in writing to verify our figures at all. They then said we are not in the habit of contacting clients directly. Then they thought they'd be helpful  and give me COSL's contact details.   Now the Broker can't be found.   We sure as hell never had $257K as savings in the bank and I earnt a lot less than $80k per year at the time.   Not happy and not quitting.   C.E.  ...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Hello C.E. Don't listen to their fob off bullsh#t I too am a WESTPAC victim their response of - go and use COSL cos its the broke
  • doyla66
    doyla66 says #
    I like to think about how they must cringe every time DB Discovers a new trick they thought they had covered up.
  • doyla66
    doyla66 says #
    GFs - if you didn't laugh you would either have to cry or shoot yourself! I just keep on going thinking of them all going loopy t
  • doyla66
    doyla66 says #
    And stop paying the bastard banksters $$$$$ What a bunch of crooks
  • doyla66
    doyla66 says #
    Organza Again You made me laugh
Hits: 2231 7 Comments
Rate this blog entry:
Continue reading
When brokers say they will get you a "loan" and they won't charge you anything, then they are obviously working for the banks as they get a commission. I can't see how the banks can say that the brokers were not working for them or on their behalf. Have I missed something?   ED:  Spot on PT,  but the Prime Minister has hasn't yet worked out who pays commission to the brokers.  He is a smart man, so he obviously has not been briefed by Treasurer Joe Hockey, on the Banks ignoring the fact they have a very important responsibility to ensure ID Verification under the Anti Money Laundering and Counter Terrorism Financial Act 2001.  Banks ask Brokers to sign a Statutory Declaration to Verify the Borrower and collect personal financial details and ID documentation.  Banks must comply with those legal requirements.  All Brokers must sign the STAT DEC and then...
Last modified on
Recent Comments - Show all comments
  • Denise
    Denise says #
    For all cases histories go to www.austlii.edu.au O'DONNELL; Michael & Karen COOK; KHOSHABA; VAN DENBERGH (wa); SCHMIDT; KOTEVSKI;
  • Denise
    Denise says #
    Most cases BFCSA has looked into to date there are sinister patterns emerging: Most people only recall seeing three pages to sign
  • doyla66
    doyla66 says #
    What about if the Broker did not complete a LAF? The Broker received .5% commission ongoing which was the only document we ever s
  • doyla66
    doyla66 says #
    I also am in despair! Still not lodged my FOS claim - still delving hrough paperwork trying to find what I need due to ANZ refusi
  • doyla66
    doyla66 says #
    But they accept that in low doc lending the bank did not have to check the info on the LAF. No maladministration because the bank
Hits: 4168 14 Comments
Rate this blog entry:
Continue reading
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...
Last modified on
Recent Comments - Show all comments
  • 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
Hits: 2006 2 Comments
Rate this blog entry:
Continue reading
Dear members Its not long now before our day will come and we get to face the men responsible or should it be the irresponsible men who were supposed to be our protector and watchdog by making sure no consumer was taken advantage of. As Medcraft and Kell were first and second in charge they have,to take full responsibility for ASIC's failings over the last few years. Its unfortunate that Denise will have a time limit to get across as much information that's humanly possible in the one hour allocated. I'm sure Greggies minions have been devouring every bit of information concerning BFCSA from individual Senate submissions to blogs that get posted on this site. If and when Greggy takes the stand he will be well rehearsed in what the likely questions will be, his body language will be a give away though. He is one of these people who...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    I agree - I suspect they are indeed all spooked Neil for surely they must realise we are not stupid enough to reveal all of our se
  • doyla66
    doyla66 says #
    Be Happy everyone. Like Ali and me live each day and enjoy it. You only live once. Don't panic about the things that you may los
  • doyla66
    doyla66 says #
    Danielle, I think the Senate hearings have ASIC, FOS and COSL spooked and they are trying to fast track their work load to try and
  • doyla66
    doyla66 says #
    I know what you mean about being scared of loosing everything. My days are also consumed every hour of every day working out in m
  • doyla66
    doyla66 says #
    Gfs and everyone else, we have also been playing this charade for over seven years. Its exactly one year ago that we thought we ha
Hits: 3241 21 Comments
Rate this blog entry:
Continue reading
 Citizens Electoral Council leader Craig Isherwood today called on the Abbott government to finally hold the banks accountable for their financial crimes, before it goes off on its crusade against union corruption.  Isherwood said, “In 2009 I called for an Australian Pecora Commission, modelled on the U.S. investigation of Wall Street led fearlessly by Ferdinand Pecora from 1932-34, which exposed the financial crimes that led to the Great Depression, and the corrupt dealings between the Wall Street banks and American politicians that enabled the banks to get away with their crimes.  “So far, outside of some Senate inquiries there has been no serious investigation of financial crimes in Australia. Yet after a few high-profile examples of union corruption, people in the Abbott government are pushing for a Royal Commission into the unions.  “I say investigate both,” he said, “but unless the government goes after the banks with the same zeal it...
Last modified on
Recent Comments - Show all comments
  • Denise
    Denise says #
    Financial wizards and witches reside at the heart of the Banking Sector, Prime Minister. These sub human people, who engineer sub
  • doyla66
    doyla66 says #
    General Cosgrove, the Governor General in waiting. Yes we could write to him although an acknowledgement of our letter to Ms Quent
  • doyla66
    doyla66 says #
    I think we need letters to General Cosgrove. As Governor General he would have to call the Royal Commission.
  • doyla66
    doyla66 says #
    If the Abbott Government continues to turn a deaf ear to Isherwood and if, following the findings of the Senate Inquiry, they stil
  • doyla66
    doyla66 says #
    Our governments seem to have a knack at making a big song and dance about dealing with corruption - until it comes to the banks an
Hits: 2309 5 Comments
Rate this blog entry:
Continue reading
Yesterday, Feb 4th, I blogged 'Our Story. Macquarie Bank and Perpetual Ltd'.  You can find that here: http://www.bfcsa.com.au/index.php/entry/our-story-macquarie-bank-and-perpetual-ltd We got a letter today that has prompted me to add the following: First, in summary: We were evicted in March 2011.  Our home was sold in December 2011.  Since then we have had 'no fixed address'. Our loan was $537,000.  The bank took a long time to put our home on the market, all the while running up costs with the security fence, guard dogs and security guards - asset stripping??  (See my post of Feb 4th to understand this.) We had a written appraisal for our home by the same agent who who sold our home for the bank for $1.6M.  With the approval of Perpetual Ltd, HWL Ebsworth Lawyers and Macquarie Bank, he sold our home for $832,000 - half his written appraised value.  Now to the 'recent events'.  The...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Somewhere in these deals a mate of a mate gets a very cheap house.
  • doyla66
    doyla66 says #
    Pray to god the Senators have hearts and can see all this pain in our stories of personal financial grief. It's in humane what's
  • doyla66
    doyla66 says #
    When you look at this whole situation Susan it does not even appear that the Bankster Bastards have made this about making profit
  • doyla66
    doyla66 says #
    Yes, our Broker encouraged us to 'use the equity in our home' BUT, I really think he is a victim and in hindsight, didn't realise
  • doyla66
    doyla66 says #
    I agree with you strongly Gfs that Susan's story must be read out to the Senators loud and clear. Let her voice be amongst the mos
Hits: 3483 20 Comments
Rate this blog entry:
Continue reading
Writing our 'Bank Story' isn't easy.   I've written it in point form - but it's still probably too long for people to want to read it all.However, it IS 'our' bank story - and who knows, someone may have the time to read it and be informed about some of the things the banks get up to.  Oh, and just to set the rumor straight ... my husband is NOT a lawyer, and has nothing to do with the profession.  We were just a Mamma and Pappa, with three teenage children living at home, who mistakenly believed banks could be trusted, and who thereby ignorantly entered a minefield.  A.  'OUR BANK STORY'.1.  2002 applied for loan from Interstar Wholesale Finance (became 'Challenger' and November 2006, and now known as 'Advantedge').  We owned our home freehold at the time.2.  Brokers acted strangely - at the time I told my husband they were...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    We must make sure the senators read her story Denise will be able to help with that I think.
  • doyla66
    doyla66 says #
    Excellent idea Gfs246, for Susan's story to be put before the Senators. That will add more pressure and make the Politicians rethi
  • doyla66
    doyla66 says #
    All these bankster lawyers resorting to these bully boy tactics should be outed and publicly exposed and have their licenses suspe
  • doyla66
    doyla66 says #
    Susan's story needs to be shoved under the senators noses. She has been through enough, the media would be good but how can this w
  • doyla66
    doyla66 says #
    Dear Susan I really cannot believe anyone should be exposed to that sort of disgusting abuse of their rights and for our constabul
Hits: 8213 10 Comments
Rate this blog entry:
Continue reading
After watching Denise’s segment on today tonight in 2012 I was relieved that maybe just maybe it could be a step in the right direction for me. This July 6 years ago, I approached a mortgage broker (was an ex work colleague) to help me or guide me in the possibility of going for my first house loan. Well can I just say it was a shambles to say the least. I from what I can gather I applied for a preapproval loan based on a generic style form he presented me. I never received a copy so I couldn’t actually give you the details. The loan was to be conducted through ING direct and apparently preapproval was granted based on the income I told him I earned. He also encouraged me to go on a 4 year fixed loan as he used scare tactics that the interest rates would go...
Last modified on
Hits: 1673 0 Comments
Rate this blog entry:
Continue reading
NABbed Nanna - Posted on Sunday, February 2, 2014 Our property was valued by Nab. According to the Country Bank Manager I originally applied to for the loan he stated that the valuation is only rated at 60% of the figures less any outstanding debts, which then gives you the figure you can apply for as a loan. This loan application was declined.  It was in our local area.  The assessor knew the business. Nab managed to lose all trace of the loan application when challenged by FOS. Neither the hard copy nor the electronic copy could be found after some weeks of searching. It was apparently not reported as a declined loan in our Credit Report. Figure that on!!!!! The Nab, Melbourne branch utilised the entire valuation amount and did not take off the outstanding debts including a Nab credit card for $ 25K. This manipulation then supposedly secured the...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Hi GFs - yes on the list to do with all of them - if you live in Melb. (or anywhere in the world for that matter) one tune in to 2
  • doyla66
    doyla66 says #
    I put our complaint in to the Fraud Squad early November and recieved a reply early December. The Detective Sergent has asked for
  • doyla66
    doyla66 says #
    Hi Organza.... Google your local station and there will be an email link. Email them. Gfs246
  • doyla66
    doyla66 says #
    Well Neil I have just put a visit to the local police station on my to do list for tomorrow. And guess what I got in the mail alo
  • doyla66
    doyla66 says #
    Maybe it depends on the $$$ value Who knows? I didnt go in..... I emailed...... One lesson my BFCSA assistant taught me. Everythin
Hits: 1858 15 Comments
Rate this blog entry:
Continue reading
Comment by Jay S. - Posted on Saturday, February 1, 2014 Yes, don't ever tell your bank you are in hardship, my undoing also.  I could have borrowed money from anywhere without their help to keep going, instead I did what it said in my Contract. Tell us, they say. Now, no home, horrible and ruthless eviction instead of sensible help and compassion, and they will send me to bankruptcy after underselling my home by a few hundred thousand. And they are justifying the costs of their foreclosure and many valuations and re-valuations to prove it was only worth what their 'arranged purchaser' paid for it! So is it possible to LOVE A BANK? Every BOQ victim knows the answer to that one. Whoever thought up that fraudulent slogan? ...... " Yes my bank manager knew a lot too. He leaned on me to sell other assets, I never thought I would...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Senator Williams recently quizzed ASIC why they did a settlement with BOQ (re Doyle case) as their job was to prosecute and not t
  • doyla66
    doyla66 says #
    I had been told by an old trustworthy property valuer back in the early 1980’s that a good rule of thumb to work on when buying an
  • doyla66
    doyla66 says #
    Our property was valued by Nab. According to the Country Bank Manager I originally applied to for the loan he stated that the val
  • doyla66
    doyla66 says #
    Did you have inflated property valuations? BOQ bank managers could approve loans up to x amount at 80 percent and below themselv
  • doyla66
    doyla66 says #
    In Qld foreclosed properties are supposed to sell by auction PROPERTY LAW ACT 1974 - SECT 85 85 Duty of mortgagee or receiver as
Hits: 1758 5 Comments
Rate this blog entry:
Continue reading