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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: Bankster Cartel is same as Drug Cartel. Evidence shows ASIC irretrievably corrupted

Posted by on in ROYAL COMMISSION URGENT
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We are all aware there are the MR BIGs of the drug trade, then the PUSHERS who are often "users of the drug."  Then there are the users of the product and end up the victims.  

Selling drugs is a criminal act and so is selling fraudulent loans to those who cannot afford to pay the payments.  So why do these very similar activities flourish in our society?  

Clearly, greed and money are the key motivators on the part of the Drug and Bank Barons.  However, the second key indicator of wide spread activity is the dramatic increase in the level of complaints and those needing assistance.  The third and major key indicator of widespread abuse is the failure of policing, whether state policing regarding drugs, or corporate policing relating to Banksters and Loan Application Fraud.

In so many countries, including our own, the Mr BIGs of the Rackets, happily wine and dine the Police hierarchy.  The Barons can afford to splash money around and grease palms, at the top level of regulatory responsibility.

Its is the thousands of families that are affected by the devastating consequences of being dragged into the criminal jungle.  Bankster fraud is based upon a similar hierarchy to the drug cartels.  Its vast in terms of its networks.  The identity of the actual controller remains hidden   Authorities are slow to even acknowledge the existence of the problem and when dragged into the headlights, are then filled with "we wllbee" statements: "we take this very seriously."  The joke is on all of the citizens as taxpayers then have to pay for Royal Commissions and mop-ups!

The presence of widespread abuse and utter corruption of the regulatory authorities is when the Media starts saying "things are out of control."  Members of the media usually see the first signs with a trickle of complaints from the general public....a few stories here and there.  They see the same infection in every State.  Journalists and reporters see the patterns and are then contacted often by grass roots self help services which spring up to assist people, usually on a voluntary basis.  

Experienced members of the media ask questions of the regulators and are fobbed of with stupid answers to valid questions, which can try the patience of a saint.  We all KNOW that ASIC is lying.  The entire institution simply cannot be that stupid.

On a Grass Roots level, BFCSA exists because the Bankster Cartel was obvious in 2003 and discovered by it's predecessor RECA.  It is now frightfully obvious from the Australian Securities and Investment Commission ("ASIC") hundreds of response letters to consumer victims, the answers given to Parliament, to the Senate Inquiry into Banking Post GFC, the dismissive responses to valid Media questions, that the Corporate Cop has indeed been captured on the highest level.  In fact we can once again label the investigators as re-badged as the Keystone Cops.

Victims of the drug scene - families of the users, have been left with few answers and little or no assistance.  Victims of the Bankster Cartels have also been left utterly disillusioned with the Federal Government's responses, or lack of, as to the seriousness of the allegations:  

The capture of the banking and securities regulators ASIC and APRA, by the Bankster Barons.  If the Government and the Opposition even question why our country needs a Royal Commission into Banking and Finance, that fact in itself is the root cause of the spread of the Australian Mortgage Scandal. 

On a Grass Roots Level it is our job to RING THE BELLS on the Village Green.  It is our Political Parties that must respond and out duty to ensure they respond.  If ever any of you doubt the Power of the Pen, please watch the Shawshank Redemption and pay attention to the scene in the library as the books arrive.  The letter from the Government said: "here are your books, never contact us again."  After 600 letters he achieved his goal, BUT watch what he does next..........

People say to me: I wrote to ASIC. I then ask: "how many times?"  Answer: "once."  Timing is critical.  Now is an excellent time to write to the Prime Minister and Hon. Tony Abbott and Hon. Warren Truss.  This is your turn to shine.  Write to every MP that is in Federal Parliament and the Opposition Members and Senators.  Please do not say: "I am not good at writing...."  You can if you are angry.  Get angry at what is going on in Banksterland.

Ask for ASIC to be disbanded and replaced with a proper Banking Consumer Complaints Agency and Tribunal system....immediately.

ASIC has been rounding up a few court cases against brokers who are often the victims of these loans themselves.  ASIC wine and dine and consult only with the Bankster Cartel Chiefs - the Mr Bigs of the Banking Lobby.

ASIC have known since 2001, that a computer was devised to fudge income figures.  In America, the computer was called ZIPPY.  The Banksters then set up the brokers to where the blame, stitching their families up with monster debts in what the banks marketed as "Jumbo Loans."

ASIC knew that if Banksters wanted to sell Low Doc Loans, they simply had to put a poster up in their shop windows stating: "we do Low Docs Here!" It would have been a far cheaper product for the consumer.  The Banksters wanted to grease palms and pretend they had clean hands.  In order to enjoy fat bonus for self, they had to set up a system geared to gather in the punters and steal homes and assets,.  To achieve these aims and, escape liability for the mess, Banksters had to rely on two major vehicles:   ZIPPY (the serviceability calculators - a dangerous internal and very secretive tool; and The Broker Channel who would be set up to take all the blame, should cracks appear in the corrupt system.

Banksters cared not that they would load up everyone with debt - salve to banks for life "until death us do part." Banksters cared not that the country could become bankrupt or close too.  Banksters cared not that later regulatory chiefs (deservedly so) could wind up in jail.

The abject selfishness of the Major Players is obvious.  The cover up is deplorable and the failure of both Major Parties to address this 17 year problem is not something we the people should tolerate for the sake of the economic welfare of future generations.

If no political party agrees to a Royal Commission that means they are all captured: then I suggest you happily VOTE for an Independent.  You have the power of the Pen and the Power of the Vote.

Simple solutions.  On a quiet Sunday afternoonpick up a pen and one sheet of paper and start writing....sit back and wait for the interesting response letters.  We shall have a prize for those who can extract the most stupid response letter ever!

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  • doyla66
    doyla66 Sunday, 10 February 2013

    If no political party agrees to a Royal Commission that means they are all captured: then I suggest you happily VOTE for an Independent. You have the power of the Pen and the Power of the Vote.

    We have been contemplating this for a period of time and totally agree. This is the era of the independents
    Most people are sick of the major parties, their lies and lack of action.

    Voting for an independent will obviously weaken the major parties and force them to realise that they need to work much harder for the people who elected them.
    If they won't agree to a Royal Commission then we will not vote for them - it's as simple as that.

    The independents are not controlled by the party lines and therefore we would stand a better chance for a Royal Commission.

  • doyla66
    doyla66 Monday, 18 February 2013

    ASIC are totally corrupt. Medcraft should be investigated for corruption and criminal charges should be laid against him and the other corrupt executives in ASIC.

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