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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: ASIC Peter Kell gives Macquarie Millionaires' Factory an EU for fraud! More "willbees."

Posted by on in ROYAL COMMISSION URGENT
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Dear Pete,

The Solution to Debt isn't More Debt!  Mackers created the "Wealth Creation Industry" and you Peter, helped them along for a decade.  I was at the same lunches.  But the reason for the Bankster's obscene and immoral success is greed and personal wealth and help from Mates to become richer.  Whilst ASIC embraced the "Creating Wealth Industry" Banksters were LAFing all the way back to their Bulging Bank Vaults.  

No-one gave a coconut for Consumers' welfare.

When will ASIC attack these Banksters?  The Officers gave Macquarie Millionaires Factory Inhabitants a slap over the wrist with a damp lettuce for years. Several staff members were systemically breaching various sections of criminal law.   We know that, as we have the evidence.

Peter Kell is bleating "we will be" getting tough.  Come on Pete same words as 2001: I dubbed those words as "the ASIC attack of the willbees!"  Remember?  

Straight after I gave evidence to the Senators 8th Aug 2012, you were  next on the stand, as a witness and, you specifically told Parliament: "no systemic issues."  What a blatant Porky Pie!

If you really wished to PROTECT consumers, it means YOU and your ASIC buddies, use your powers and do something of strength TODAY!!!!  Tell consumers what really is going on.  

Hold a Public Inquiry and, stop handing out EU's "Enforceable Undertaking Parking Tickets" as you did this week to your Macker Lunch Mates.  You have just told Mackers that:  "you are all naughty little boys.  Keep all the stolen loot and too bad for those whose homes you are stealing.  Its OK to rob the customer and profit from fraud.  Just try not to do it again.  Our EU says we caught you with your hands in the till.  You said sorry to us and my ASIC bosses, but please please don't do it ever again.  I will sign the EU and promise you our glorious Macker Mates that we will not prosecute any of your staff for the obvious past decade of indiscretions.  You will just have to suffer one day ion the naughty corner.  Your old Macker Mate Medcraft has fixed things....you owe him a lunch."

Which journo wrote in 2003/4: "The EU's were never for organised crime and multi breaches.  The EU was supposed to be for first time offenders over minor matters.  Ah yes that was after Henry Kaye received the same Royal EU treatment complete with Tea and Timtams at Melbourne ASIC headquarters, for him and all his high flying legal team."

Your ex staff remember that day well.  A flotilla of wigs and gowns.   No doubt Henry remembers.

The rest of the Banksterland must have breathed a huge sigh of relief at this weeks press releases from ASIC saying they willbee getting tough.  Onya Pete, the Banksters and their lawyers would be crowing!  

The problem for Consumers is that ASIC has no idea of the real meaning of TOUGH.  Mackers Repossession Hit Squad ensures all its clients do things TOUGH.  

By the way Mackers: hand back Julia and Betty's titles immediately.  Preying on 80 year olds is right up your alley and ASIC may be a sick pussy cat but we are not going to let you off the hook - ever.  Call me!

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THE LONG SUFFERING PUBLIC URGENTLY  NEED A ROYAL COMMISSION INTO ASIC AND ITS BANKSTER MATES.  Agreed?

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  • Denise
    Denise Saturday, 02 February 2013

    Every time ASIC Commissioners state: "we will be getting tough" they can expect a roasting on our site. That's fair and well deserved! Every time there are NO PROSECUTIONS for serious fraud, ditto [email protected]

  • doyla66
    doyla66 Friday, 08 February 2013

    Macquarie sidelines wealth head Eric Schimpf after ASIC censure

    by:Andrew White
    From:The Australian
    February 08, 201310:48AM

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    MACQUARIE Group has replaced the head of the private wealth business that was last week rebuked by the Australian Securities and Investments Commission for widespread and long-running compliance failings.

    Eric Schimpf, an American hired from Merrill Lynch in 2010 to run Macquarie Private Wealth, has moved aside but will remain with the investment bank to oversee a number of initiatives, staff were told in an email.

  • doyla66
    doyla66 Friday, 08 February 2013

    Macquarie sidelines wealth head Eric Schimpf after ASIC censure
    by:Andrew White
    From:The Australian
    February 08, 201310:48AM

    MACQUARIE Group has replaced the head of the private wealth business that was last week rebuked by the Australian Securities and Investments Commission for widespread and long-running compliance failings.

    Eric Schimpf, an American hired from Merrill Lynch in 2010 to run Macquarie Private Wealth, has moved aside but will remain with the investment bank to oversee a number of initiatives, staff were told in an email.

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