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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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BFCSA: Attitude of Regulators & Banksters in the FINANCE WORLD: Bank Fraud like a Cancer

Posted by on in Corruption Exposed
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The Four Corners program aired 30th Sept re Cover-Up involving RBA, ASIC, APRA and Australian Federal Police into Note Printing, displayed a striking resemblance of the way BFCSA members have been treated by the powers to be namely ASIC, Federal Police and Government with their neglect and sinister ways of protecting every evil person in the Banking and Financial industry and ignoring all evidence thrown into their laps. 

Just goes to show how underhanded and evil the people running these departments and companies really are. Not one of them could lay straight in bed with an attitude of "you can't get me". ASIC once again has failed dismally in chasing down and convicting these powerful criminals and lying through their back teeth to government and Senate inquiries, but then again they are a huge part of the problem festering in the background. When will Government say enough is enough and jail these people for protecting their bankster friends for their is corruption that reaches right to the top of every one of these departments?

BFCSA members have told this lot of fraud running rampant, like a cancer within the banking industry with falsified LAF incomes and employment history all done with the blessing of the banks hierarchy and staff and without the borrowers knowledge, just for greed in making mega billion dollar profits while ruining peoples lives, wiping every cent from them made over a lifetime of hard work. One might say a cleverly disguised way of leaving people penniless and dependent on social security for the rest of their days.

A ROYAL COMMISSION into the whole banking and financial system with the widest terms of reference is the only way to wipe this scum from this earth with heavy jail terms for the people who have knowingly been part of this crime, this includes the lawyers who represent this cabal. The law is that you are just as guilty of an offence if you have known and done nothing to report crimes of this magnitude so there will be an interesting time coming soon with the next Senate Inquiry and what they will achieve.

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  • doyla66
    doyla66 Tuesday, 01 October 2013

    Excellent post, Duped. :)
    That's what struck me and others I chatted with today. Just like the BFCSA treatment - our cases a mega coverup.
    The treatment of the whistle blowers - bullying covers it. The poor guy who wasn't even allowed to say goodbye to his staff. Marched off the site. Unemployed for his honesty. Whistle blower protection? - Huh? It stinks - big time.
    ASIC, the corporate regulator, central to every one of these disgraceful situations. Australia expected more of them. They let all Australians down. Have you read their Statement!? Didn't answer questions + a page of self-promotion! - Peter Kell revisited. http://goo.gl/Mz5dw8 Who are ASIC covering up for? Feeling is there's more to this story ...
    We're watched ASIC dodge questions and criticisms, tell fibs, use tactics to avoid the issue.
    When all these cover ups, scandals, lies and Inquiries are added together it has to lead to a Royal Commission right across the financial sector, banks included of course, with the widest possible terms of reference.
    It is the only way to get the truth out of these grubs.
    No excuse acceptable.

  • doyla66
    doyla66 Thursday, 03 October 2013

    Far reaching implications

    The broader view has been ignored by all political parties. When the full impact of the Broker Model Banking Crisis is complete how will government deal with the aftermath. Broader view 1. Self supporting mum and dad lose their case against the Bank (because regulators dont do their job properly)
    2. The family unit is thrown upon the mercy of Public Housing System (already at breaking point)
    3. Income either already gone if self employed or thrust into welfare after losing job for time spent trying to keep their family home.
    4. Children given distorted view of self improvement, after watching parents go from comfortable to destitute.
    5. Family unit breaks down no future possible, no home ,no income an entire family victim of circumstance that is preventable.
    6. Children turn to crime to survive.
    7. Parents reach retirement age with no super annuation or means of income (totally reliant on government funding, housing and health care)
    8. Health begins to fail due to a life of stress and anguish (heavily reliant on public health system)
    9. Pass away with no money allocated for funding funerals for either of the parents (children still on welfare the only life they understand due to circumstance) Government obliged to pay for funeral as they are a welfare reliant family.
    10. The solution Get some BALLS GOVERNMENT CHARGE THE CROOKED BANKSTERS STEELING HOMES GIVE THE PEOPLE BACK THEIR LIVES AND REAP THE REWARD OF TAKING MANY THOUSANDS OF DECENT PEOPLE OFF FUTURE WELFARE LINES. YOU COULD ALSO DO WELL TO EMPLOY A FAIR AND DECENT REGULATORY DEPARTMENT WHO CAN IDENTIFY FRAUD AND SCAMS LONG BEFORE THEY HAVE SUCH A HOLD ON SOCIETY THAT GOVERNMENT FEEL THEY CANT STOP IT BECAUSE THE FALL OUT WILL BE TOO FAR REACHING.
    11. After solution taken on board by intelligent forward thinking non pandering to big Banks Government.
    Family affected by Dirty Broker and Filthy Bank win their case against Fraudulent Bank and Broker put back into the possition they were in before meeting either of the crooks. Fathers business fourishes Mother also opens home based business they pay many thousands of dollar tax (happy to do their bit for the country). They go on to pay the family home off then buy up another four properties that they will rent until gifting them to their children in years to come. New modern forward thinking Bank Manager elated at all the mortgage dollars he is getting from the nice family (gone are the crooked Bankers the new regulators are super efficient and charge crooks and inprison them at the slightest sign of inpropriety). The Government is rubbing their hands together tons of land tax just from one family. All the four children go to University (yummy heeps of HEX fees says the Prime Minster). The youngest child goes on to be a Doctor who invents the one size fits all cancer cure and the government gets all the trailing rights of producing the drug here in Australia. Finally it hits home to the Prime Minister, well what a great idea that was making people in the Banking and Finance industry Honest now everybody is winning. (Oh the only loser ended up being the Bank CEO, YEH he now is only making a paltry FIVE MILLION a year and they have cut out his bonuses)
    And everybody lived happy ever after

  • doyla66
    doyla66 Friday, 04 October 2013

    TAKE Notice: Australian Government should listen to Tony and actually "hear" whats he's saying-- ACT NOW:

    Tony, sounds logical; "do-able" & not some radical doctrine pushed by al-Qaida linked Somali Islamist militant group al-Shabaab.

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