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
655622

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!"

Denise Brailey

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

BFCSA: Parasitic Australian banks in a Doom Loop? Governments and Regulators have created the possibility by neglect of we the Citizens

Posted by on in ROYAL COMMISSION URGENT
  • Font size: Larger Smaller
  • Hits: 2026
  • 0 Comments
  • Print

Financial inquiry: currencies and cover ups?

Beware the doom loop

The FSI draft terms of reference also covers up the dangerous exposure of Australian Banks to what a director of the Bank of England described as a “Doom Loop”. This is created by interbank loans becoming so tight and complex that if one bank fails they could all fail.

 Regulators allowed our banks to be exposed to this foreign exchange risk that I identified in my Australian Financial Review article on 3 April, 2008.  The failure of regulators to act required the government six months later to guarantee the foreign borrowings of our banks. This danger still exists but is covered up by the draft FSI terms of reference

  Why official money created out of nothing should earn interest is a mystery. It is a mystery why the government has not asked the FSI to investigate this.  Expert economic advisers to the government will not see it as a cover up but a question that they had not thought to ask. This is why it should be asked.

 http://www.australianbankingfinance.com/banking/financial-inquiry--currencies-and-cover-ups-/

Are we still viewed as "just the colonies darling....?"  Is our Government harbouring those banksters who should be in chains?  I doubt if Aussies were told the truth for once re our banking system, they would not be outraged.  A threat to our economy?  Our Major Banks have become Parasitic.  We showed our readers the Chart at the top of the home page 2 years ago.   BFCSA had already figured out the Model.  But ask yourselves this: are the public servants in APRA, ASIC or Treasury that dumb or are they simple "following orders?"  And if so whose orders? What if the two big to fail Bankers in the USA?               Time to demand Royal Commission into Banking or risk the Doom Loop.  

Hello earth to houston.......anyone else there starting to understand all this?  We have all the evidence and documentation to know what the foul smelling Low Docs were all about, that permeated FULL DOCS.   Other countries have been ringing us..............Why?  The official propaganda just doesn't add up!   As one MD told me:  "Denise I have been following since 2010 and wondered the same thing......Australian Banks are doing the identical thing as we were doing..................so why haven;t they collapsed?"   Yes indeed.   The one thing we do have is some very eductaed top reseachers who know where to follow the dots.  Wish they were in Government.     This email address is being protected from spambots. You need JavaScript enabled to view it.

 ps: We have had 186,000 visitors to our site in three years, and 18,000 in last three months.  150,000 in last 12 months.

Last modified on
Rate this blog entry:

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Saturday, 07 December 2019