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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.

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AOFM BUYS $12 Billion Lucky DIP!!!!!

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Australian Office of Futile (Financial) Management run by Rob Nicholl, has still not explained how he managed to approve the offending purchase and why we as taxpayers needed to buy $12 billion worth of JUNK Mortgages in RMBS Packs, then forgot to tell us there were no audits!!!

The Federal Government cannot profit from a fraud ROB!

Rob purchased the Packs without looking into the bundle or checking to see what the MIX was in terms of LOW DOC LOANS.  When questioned in parliament last Friday (21st) by several Senators, Nicholl was struggling to justify that the Low Docs were not SUB PRIME.

He also failed to mention that 10% of the FULL DOCS sold by bank managers to vulnerable people, are also littered with fraud and imprudent lends, meaning the mortgages could well be extinguished as the scandal in Australian Mortgage Backed Securities becomes more bizaare by the minute......

On 8th August Hearing in Canberra, the senators again  asked questions of the Banksters as to systemic issues.  The regulators lied to Federal Parliament and said: "no systemic issues...." leaving the Gallery gasping for breath!

The Lower House is noticeably silent on the allegations of fraud in the banking sector.  Bring home the troops and ask them to investigate the Banksters and our obvious SUB PRIME LENDING problem.

The banks are lying....the evidence of the doctored loan applications across 36 Lenders is a shocking tale of regulatory neglect, festering for over a decade.  The taxpayers were also committed to further purchases of up to $25 Billion.

They are dud mortgages and Rob you have purchased a $12 Billion Lucky Dip!!!!!  Better open the prize and see for yourself.

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  • doyla66
    doyla66 Monday, 24 September 2012

    I'll bet Rob is not game to look! Why doesn't he contact you Denise? What is wrong with these people? Can't they face the truth? Are they so stupid that they would continue to try to keep up appearances while the foundations for their positions are cracking open beneath them? Maybe they're just lacking the intestinal fortitude to do much more than hold the line, warm seats and eat lunch.

    Maybe our troops will come home when Australia fails in the $40m bid for UN approval (not to mention the cost of lives and the ongoing War plus CO2 tax, Agenda 21, etc etc ....) Good old Aunty did us proud Monday morning with tasteful breakfast interviews around this topic allowing all Australians to form their own opinions. Collateral damage anyone?

  • doyla66
    doyla66 Tuesday, 25 September 2012

    ROB NICK ALL - say no more !

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