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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: Australian Parliament ignore Cartel's Massive Banking Laundromat

Posted by on in ROYAL COMMISSION URGENT
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The general public have had enough of weak regulators.  With Australian Securities and Investment Commission we have corrupted regulators who are literally running bankster protection rackets.  Just how did an estimated 200,000 families fall for this scandal?  There must have been some whopper lies told to customers to have them believe these loans were perfect for their financial well-being.  The truth is the LOW DOC and a swag full of FULL DOC MORTGAGE LOANS were high risk and the most expensive in town.  Of even more concern, we have uploaded the proof that the applications were "doctored" in all cases to date.....after they documents were signed and without their knowledge or authority.  It is clear from the documents that the alterations were done after the broker sent them to the banks.  The Banks knew this to be true and secretly ordered Brokers to SHRED THE ORIGINALS.

I suggest the State Attorneys-General immediately ask that the job of handling consumer complaints against banks be handed back to State authorities....the sooner the better.  The EDR system needs to be abandoned immediately.  ASIC should be stripped of any duties relating to consumers - for the rest of eternity.  The stench from this Low Doc Mortgage Scandal is shocking, but the lack of Government response to the issues raised is most sinister indeed.  The fallout and consequences for the victims and for the economy is catastrophic and the fact that these issues are not even on the agenda for scrutiny becomes problematic for economists who can no longer trust the figures generated by a corrupted banking sector.

This is a giant PONZI of laundering funds, the like of which has not been experienced in Australia in the past.  That is why those close to the subject are suspended as if in disbelief.  

This is a BFCSA Consumer Commission Inquiry Online.  More documents to be uploaded in the coming few days.  If you have documents you wish to share with the public, then sanitize with thick felt pen to shield your own identity.  If you have written to ASIC, APRA, AFP and the Prime Minister, please send in the usual response letters and we will upload.  You can send to my email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Lots more to come and stay tuned.

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  • doyla66
    doyla66 Tuesday, 04 June 2013

    Posted on facebook by Anna Delamere
    Lastnight's ABC's interview with Denise was re shown this morning.... with journos comments; "If what she is saying is true along with the 200,000 victims involved and the prices of houses rising and the extra documents to be presented, this could have serious repercussions. We will keep an eye on this story"

    Steven Muchenberg in a later interview was disputing Denise's claims stating that they don't repossess homes. Yeah right!!! great interview Denise... the pressure is mounting.

  • doyla66
    doyla66 Tuesday, 04 June 2013

    Bank$ters Racket-Ball: Players ---ASIC; ABA; FOS; APRA; RBA; COSL; TREASURY; TREASURER SWAN?; MEDCRAFT?; GILLARD?

    Mr Muchenberg, I know your not legally qualified to speak without "strings attached", please inform Citizens Re: Secret Board [email protected]/MacQ St;

    ---Who attended, yes that's WHO? ---Where, for instance, answer @ MacQ Place? [email protected] time did this secret meeting of minds occur, for instance, @LUNCHTIME on 34th Floor? .. ---What was secretly decided upon to take place prior to 1 July, 2009, and implemented after same, ---that is, specifically to contrive to "abandon" all Consumer Protection up to 1 July, 2010, that is, ---with respect to consumers matters existing up to 1 July, 2010, which YOUR - GANG of 30 [thru ASIC] applied "time of the essence to", as at ! July, 2010 ---to delete the superseded hitherto UCCC (State based Consumer Code), but -- with the proviso as follows:---

    "...now, show of hands everyone, Mr MacQuarie Street, good to see you on board ...all agreed, passed, ---now lets not tell treasury to appropriately "adjust" our annual consumer protection racket AKA " slush fund 'C' ", ---otherwise legislated for a purpose now defunct ---declared "unanimously" obsolete".

  • doyla66
    doyla66 Tuesday, 04 June 2013

    What does Steven Muchenberg call it then?
    If it's not "repossession" is there another expression for it?
    Wearing the complainant down until they either give up and sell or die in the process?
    Oh, of course, that's the borrower's choice, isn't it.
    The Banks didn't do it.

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