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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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APRA COME LATELY with LIAR LOANS

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APRA COME LATELY.....After the horse has bolted you IDIOTS at APRA!!!!!  Where were your surveillance techniques the past decade?  So you relied on the banks to tell you the TRUTH?  You trusted the Banks to be honest with MONEY?   Even after the BIG SUB PRIME reveal in America in 2008, you continued to deny any real need for an AUDIT?  Are you kidding us?  

Well the Citizens of this Country also trusted the banks, but more importantly the borrowers trusted YOU as watchdogs, along with sisters ASIC, AOFM and RBA.  You lot were paid handsomely to do a very important job and you have all failed miserably and then you had the audacity to lie to the Parliament.

So this is not just about LIAR LOANS, its about your looking the other way whilst you KNEW the mass looting was taking place!

A day of reckoning is coming your way....bank on it!!!

You need to compensate every consumer that has been financially damaged by your carelessness.  denise @bfcsa.com.au

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  • doyla66
    doyla66 Friday, 28 September 2012

    APRA - LYING TO PARLIAMENT IS A CRIMINAL OFFENCE. JAIL TIME IS COMING SOON. Pack your bags, kiss your wife goodbye & get ready to do some hard time in prison.
    Nero fiddled whilst Rome burned - well the banks are fiddling whilst Australia burns.

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