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
728064

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: BANKS R US....Murray's Marauders. Hockey names his Banker Team Mates: Westpac, AMP and of course CBA, head up the Roots and Branch FIASCO Inquiry into Banking

Posted by on in ROYAL COMMISSION URGENT
  • Font size: Larger Smaller
  • Hits: 2815
  • 9 Comments
  • Print

Here we go with new submissions to do ready for January and not one consumer driven member or those who have even met a consumer victim!  It’s the BANKS R US BRIGADE.  MURRAY’S MARAUDERS.   Bring on the Royal Commission into Banking........ Forget this attempt at a whitewash.   I wonder if any of these people have met or spoken to an aggrieved consumer?   They will see BANK INTERNAL FRAUD but what will they really do?   Bankers inquiring into Banks.   ASIC admit SELF REGULATION means NO-ONE is LOOKING at Banks day to day activities and the manufacture of intentionally deceptive products.   ASIC "assume" Banks are looking at their own INTERNAL FRAUDS that all admit exists.  Its called a Cover-Up.   BFCSA has long called for a powerful banking ROYAL COMMISSION and instead we end up with a Mates Inquiry being hi-jacked by the Bankers.    Australia DownUnder?   More like Underbelly Banking Shenanikins  This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Hockey names financial inquiry panel

10 hours ago 2

·        

AAP

The outgoing chief of AMP and former boss of CSL have been appointed by the federal government to a panel inquiring into Australia's financial system.

Treasurer Joe Hockey announced on Friday the four-member panel to assist inquiry chair David Murray (ex CBA), who are charged with reporting back to government on how to make the country's financial system more competitive and flexible.

AMP chief executive and managing director Craig Dunn (ex AMP, ex Colonial (CBA) and KPMG   and former CSL chief Brian McNamee (ex CSL Bio just picked up $20 million) head the list of appointees, which also include Melbourne University Professor of Finance Kevin Davis (ex Bd of MUCU, finance author), and Carolyn Hewson (ex Westpac ) ( ex  wife of John Hewson who was paid for promoting many major investment losses (ASIC neglect) including Westpoint etc),  Carolyn sits on the board of BHP Billiton, Stockland and BT Investment Management.

The promised international advisory panel would be announced "early in the new year", Mr Hockey said.

The treasurer also released the final terms of reference for the inquiry, saying there were only minor changes to the draft terms published in November.

"The next step for the inquiry will be to receive submissions in line with the terms of reference," Mr Hockey said.

Submissions will open in early January and close at the end of March.

 

The Financial System Inquiry will provide an interim report by mid-2014, and a final report in November.

Last modified on
Rate this blog entry:

Comments

  • doyla66
    doyla66 Friday, 20 December 2013

    I.m not physic but its pretty obvious what the outcome of the banking investigation will be.By his selection of the make up of the committee Joe Hockey has demonstrated his contempt for the aggrieved consumer and his willingness to court the bankster CEO's and gain their favour. By making these appointments Joe is basically giving a guarantee to the banksters for a favourable outcome, its like putting the prisoners in charge of the parole board, everyone gets a free pass out of jail. Justice in this country is worse than a third world country, both sides of politics refuse to pursue the corrupt banksters and now I don't know whether the regulators are useless or they have been told to turn a blind eye to the banksters exploits.While both sides of politics blame each other the banksters will be draining off all the super funds and the government will now have to support former self funded retiree's with money borrowed from China.

  • doyla66
    doyla66 Friday, 20 December 2013

    As expected!

    Well what a big surprise! Every single move they make is just more and more confirmation that this is really big and now of such fetid proportions it stinks to high heaven. Anybody get to see the movie Margin Call? If no take out on DVD over the hol. break and watch it well for there are uncanny similarities. And now for today's health and history lesson -

    Did you know there is a very toxic ingredient in PK? Huh - do you mean PK chewing gum? Yes indeed - check for the word phenylalanine on the label for that's the clue it is there and in secret - not just in PK and other chewing gum mind you but many foods which are EQUAL- ly toxic. Aspartame is pure poison and very very clever for once ingested it is converted into formaldehyde by the body and then able to cross the blood brain barrier and cause untold health distortion. Huh??? Do they not embalm dead bodies with Formaldehyde? Oh yes indeed. Huh?? So why do they not tell the people they use it is as a food preservative??? Because they all think we are far too dumb to even suspect and whoever was responsible for giving approval would not want to be accused of being guilty!

    Now for the second part of the clue. Question - what food healthy food contains the word LIMA? Very good - yes indeed - it is a lima bean and not a favourite food with many people for it does taste disgusting and leave a horrid furry feeling in your mouth BUT - did you know if a lima bean is grown in any contaminated soil or has it's genes fiddled with it turns toxic and is no longer good for your health? Huh? If this is the truth why do they not tell the people? Answer - because they think we are far too dumb to ever suspect we would ever find out what they do in stealth to earn money and nobody involved would want to be accused as being guilty. You see this is how corruption begins regardless of where and how if nobody puts a stop to it before it gets out of hand it multipies. And now for today's homework -

    Hint - first part of clue - back track through PM's and for a good few decades - second part of clue - google the word lima and when the second word is not bean but convention you've got it! For any victims in Ireland first part of the clue for your country is LYNCH and maybe that is exactly what needs doing to the gang of wolves and cronies before embalming them! Stilll following the trail ASIC so will report in for brownie points when I finally get there for there are indeed many twists and turns as the plot thickens

  • doyla66
    doyla66 Friday, 20 December 2013

    Not to impressed with he line up so far. An impressive array of chameleons on the gravy train.!!!!!!!

  • doyla66
    doyla66 Saturday, 21 December 2013

    Shame on you Mr. Joe Hockey! And to think your own mother in-law was a victim of this corruption!
    We all know what is going to happen here . Don`t play us for fools.
    This fight will go on!

  • doyla66
    doyla66 Saturday, 21 December 2013

    Mr Hockey, your choice of committee members evidently shows your true colours and so far you have not displayed any respect or concern for the victims of banking fraud and you are openly showing that you don't care whether they live or die. You don't give a damn if they are tossed out onto the street and left destitute by the roadside with nowhere to turn and nothing to live for....their future completely destroyed because of bankng malpractices and those in the Government who have the power to change the situation but refuse, are no better than you.
    You have the power to remove Mr Murray from the panel and replace him with a more suitable independent candidate.
    You have insulted us all Mr Joe Hockey (including your Mother in law as i understand that she also endured a great financial loss caused by decietful practices) and your stupid decision will only gain you a bad reputation.
    How dare you let us all down like this. We were all looking forward to the inquiry hoping that it would be the start of positive things to come.
    Let me tell you that for as long as Murray is on the panel nothing good will come out of this inquiry so it's just a waste of time and tax payers money.
    You hold your current position for one reason and that is to help the people not yourself. You are there for the people so get on with it and do the right thing for those who are screaming out to you for help in saving their homes.

  • doyla66
    doyla66 Saturday, 21 December 2013

    Joe only has a limited understanding of the Loan Fraud EDR situation. After all he's briefed by the airheads at ASIC, who have next to useless stats in hand to justify their own existences first and foremost!
    Some negative impacts his choices will create could include his apparent approval of CBA and others who we know are involved in fraud and the associated coverups. I wonder if Joe's family regularly sit down to dinner with a gang of known thieves?
    People still judge politicians by the company they keep. Joe's choices make the HSU/Thomson scandal look like storm in a teacup!
    Now just watch the Govt scream corruption and Royal Commission over Union dodginess!
    Double standards, politically motivated, lack of core values and integrity. Sorry to say, Joe, you've really stuffed this one up.

  • doyla66
    doyla66 Sunday, 22 December 2013

    Sorry Lisa but i disagree with respect as i believe that Joe Hockey knows exactly what's going on as he is an ex banker (correct me if i'm wrong) and for this reason he will never speak against the banks. Also Denise would have fully informed him over the years so he should by now have a clear picture of this banking and EDR malpractice....no excuses accepted. He has proven by his own sly actions that he is not honest enough to be treasurer of Australia's economic and financial affairs.

  • doyla66
    doyla66 Sunday, 22 December 2013

    Wow, this is horrible..I am not a political person, not a financial analyst nor work in the corporate world ..am just a plain labourer ..But it doesn't need much brain to understand what Mr. Hockey and his colleagues and associates are up to.. is this some sort of joke or drama.. It is nightmare..Mr Hockey you have no respect for/to electorate to Australian people who put you where you are..It is a disgrace...Anyway I did not vote for you nor your friends..you talk too much with nonsense..

  • doyla66
    doyla66 Sunday, 22 December 2013

    Warning to a potential bagman

    I think Mr. Hockey has been enticed by the devil himself for he sure has not heeded warnings from we who foolishly were all so very cleverly conned by quacks into putting all our trust into institutions now proven to be not trustworthy but evil and looks like Joe has fallen into the very same trap. Sure has now taken the wrong fork in the road so must be listening too much these days to the little hidden shadow influence sitting on the wrong shoulder and forgotten all about what happened to Judas. A promise is a promise Joe - independent means independent and not a room full of ex-banksters investigating banksters for they are all a part of the corruption and all hell bent on protecting their own interest and making sure the finger of guilt is not pointed at any of themselves. Corruption needs the law and a panel of good honest fair judges who show no bias Joe so I suggest you stop wasting our time and taxpayer money and quit further insulting us. Our ancestors must be turning in their graves knowing what misguided Politicians have allowed happen to our once lucky country and what our children are set to inherit by living in a country no longer owned by them unless somebody calls their bluff. Anything Joe might like to enlighten us on re things we should know yet might be suppressed I wonder? Where a missing pension fund might be for one thing and explain to us what debt forgiveness is all about and what might that be securitized by or another bank lurking in the shadows with a connection? Probably will get no answers so read this instead and make what you will of it for am beginning to think not a load of codswallop after all and it is so very well written
    http://www.oziz4oziz.com/how-australia-was-globalised.html

Leave your comment

Guest Friday, 14 August 2020