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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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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.

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BFCSA: PRIME MINISTER: Consumers are Bankster Slaves for Life? Punish or Reward the Banksters?

Posted by on in BANKSTERS
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Australian Banksters have attempted to enslave consumers for life.  Till Death do you PAY and beyond the grave.  Banks are sucking up every ill-gotten dollar they can lay their hands on.  DE REGULATION has caused this grief   Not one Regulator was asked by Treasury to check the LENDING POLICY GUIDELINES.  Naturally, Banks took advantage of this opportunity to rape pillage and plunder all age groups financial security and wipe out any chance of getting ahead in this country.  LIBERALS turned their back, followed by LABOR propping up Bankster driven nefarious activities.  Its the NATIONALS who are screaming out and in particular Senator John Williams.  

Banksters lowered their lending standards.  The Broker Channel is doomed.  Ask yourself WHY?  Why didn't banks place a piece of paper in their shopfront windows saying: WE DO LOW DOCS here?  Why use the very very expensive Broker Channel Model?  To create the six degrees of separation away from the crime scene of fraud and corruption; to reap in $80,000 average profit per dirty mortgage (YES YOUR MORTGAGE); TO avoid liability for their corrupt activities.  Corrupt? Yes because all regulators have systematically and continually looked the other way for over a decade.  They say YES the banks are the ENGINEERS.  YES that is obvious, do we think the brokers and BDMs who did not know each other woke up one morning and dreamed up this scam?

ASIC is not investigating the Banks.  They only prosecuted the hapless Brokers.  Are 40,000 Brokers all crooked? NO of course not and many are victims of the same Banksters scam.  How many families are victims of fraud?  Around 100,000 minimum.  Are the new NCCP laws working? NO.  Its a stitch-up to flick away the evidence.  Wait for the next wave of defaults as the BUFFER LOANS and refinancing dries up.   Nice try chaps!  

No laws to help victims of NON BANK LENDERS?  No laws to protect small businesses from this crime?  Who left that loophole in the SWISS CHEESE of regulatory do nothing policies and legislative.  ASIC developed as a culture the "borrowers are to blame " mentality.  Banksters did a BIG JOB on the regulators.  The regulators are supposed to be autonomous, so why are they NOT speaking out after being in the wilderness doing diddly squat for the past 14 years?   Why are there criticisms of the consumers as if they are to blame?  

Why has there been NO CASES taken on by ASIC AGAINST THE BANKSTERS during the past decade?

Why has there been NO investigations into the ROLE OF THE BANKSTER ENGINEERS to date?  WHY IS THE PRIME MINISTER SAYING NO TO A ROYAL COMMISSION?  Why is TONY ABBOTT so silent on this matter?

Why would the NATIONALS speak out if there was no evidence?

May I kindly leave my readers with this thought for the day:  To all Bankster: Suck It Up Chaps!  We are coming after every last one of you.  We do not have to be over harsh but doing nothing is not an option.  BANK FRAUD ought to be mandatory 25 YEARS JAIL no parole due to the number of lives ruined.  If we rob a bank, we would get 10 years minimum.  INEQUALITY?  COVER-UP?  Protection for Banksters?

This is real in Australia.  We demand a Royal Commission announcement.  This week would be good to stop any more DIRTY MORTGAGES being written.

If you are a Broker, get out whilst you can.  This is a crime scene and you are designated to be the PRIME BUNNY OF SUB PRIME LENDING

NO SYSTEMIC ISSUES SAY THE REGULATORS - on song? Then what am I doing here and why are people following me like the Pied Piper?

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Iran to Execute 4 Bankers on Fraud Charges

Posted by Brittany Stepniak - Friday, February 22nd, 2013

 

Iran's judiciary system recently worked through the biggest banking fraud case in the nation's history.

According to The New York Times, the outcome of the case was made official on Monday. Results were dramatic to say the least.

Judiciary spokesman Gholam-Hossein Mohseni-Ejei told reporters that four people had been officially sentenced to death on charges of corruption and “disrupting the country's economic system.”

The guilty party was responsible for mishandling $2.6 billion of funds – using forged documents in order to receive credit from banks, permitting them to purchase state-owned companies.

From PressTV:

According to the indictment, the owners of Aria Investment Development Company, which is at the center of the controversy, had bribed bank managers to get loans and letters of credit. The company has more than 35 offshoots which are active in diverse business activities.

...

The four are Mahafarid Amir-Khosravi…[the prime suspect], Behdad Behzadi, his legal advisor, Iraj Shoja, his financial solicitor and Saeed Kiani Rezazadeh, head of the Ahvaz branch of Saderat Bank,” he [Gholam-Hossein Mohseni-Ejei] said.

Additionally, the president of the Bank Melli branch in Kish was condemned to life in prison. The former deputy minister Khodamorad Ahmadi has been ordered to spend a decade in prison as well, according to Iran's attorney general, Mohseni-Ejei.

Several others involved in this infamous scandal have also been slapped with heavy fines and many have also been prohibited from holding public office.

Economist Nouriel Roubini added his two cents on the subject, reporting to Bloomberg:

“Bankers are greedy; they’ve been greedy for the last hundreds of years...t’s not a question if they are more immoral today then they were a thousand years ago, you have to make sure they behave in ways in which you minimize those risks.”

This message surely hits a little too close to home for central bankers across the globe who have been engaged with fraud and corruption in the past or present.

Constituents and political leaders spend a big chunk of time debating over how to deal with our crumbling economy. Ending system abuse from insiders and the Fed alike would undoubtedly have a positive ripple effect, but how is that goal going to be achieved? Thus far, not a single chief central banker has been arrested in light of the financial crisis.

This is completely asinine.

They keep making more money, while we struggle to thrive in the middle class. The brutal truth is that banks prosper when people are on welfare. They're invested in keeping you down and could care less about your American Dream.

Perhaps Iran is on to something by enforcing real consequences when insiders mess with the country's entire economic system. The death sentence decision is obviously harsh (Iran's justice system is pretty harsh in general). Alas, what's decided cannot be undone. They said they are trying to set an example.

Elite criminals shouldn't be treated differently than any other criminal; they should be prosecuted, not protected.

 

 

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  • doyla66
    doyla66 Thursday, 28 February 2013

    Our corrupt Banksters should be given a good flogging before being jailed for 25 years. I hope they have all their ill gotten gains confiscated and anyone found abetting them should be flogged as well ...Mr. Medcraft hope you're reading this!

  • doyla66
    doyla66 Thursday, 28 February 2013

    When are we going to get some justice in this country - our Government is an absolute joke.
    In our view they are not a Government they are merely an organisation.
    How can they be called a Government when they don't Govern?

    What does it need for you so called leaders to take action against the fraudulent banks?

    There is no difference beteen bank fraud and any other fraud, so why is fraud in general, prosecuted against and bank fraud is allowed to run rampant.
    This is truly a disgrace to our so called Government.

    Would the bank criminals continue their fraudulent activities if they knew that a birch punishment would follow when they are caught? i doubt it.

    Harsh penalties need to be put in place immediately.
    Extinguish our mortgages now OR COP the lashings.

  • doyla66
    doyla66 Thursday, 28 February 2013

    I agree. 25 years minimum jail time for these corrupt bank executives covering up this criminal fraud. Better still, execute them like Iran has done. This would be a more fitting punishment for their deliberate crimes.

  • doyla66
    doyla66 Friday, 01 March 2013

    If we had the same justice system as the Iranians, there would be no need for us to be posting here.

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