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BFCSA
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MORTGAGE
DISTRESS SOS
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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.
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Whistleblowers' Corner!
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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: Banksters can brace themselves for Argument of Agency - More Evidence is being Released
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REPUBLISHED BLOG - Evidence of Australia's Sub Prime Lending Scandal is being made ready to be posted out to the World via this site.
No more Bankster lies. No more poor Judgement from uninformed courts....misled by Banksters.
Soon you will all have the ammunition you seek to take the upper hand and put these Banks back into their corridors of shame.
Watch Gail Kelly flee the market-place. No doubt others will follow.
We have the final pieces to the jigsaw. Who will consumers want to hang first?
We shall PLACE A CYBER NOOSE AROUND THE NECKS OF THE VILLAINS
Australian Securities and Investment Commission ("ASIC") deserves the first NOOSE for bleating for 15 years they could find no evidence of BANK FRAUD and having Warren Day & Co write letters to aggrieved people, telling them to "go and get a lawyer."
Warren you promised me you would have a chat to your Correspondence Department that you would not do that again and yet letters still coming out of that department with same offensive wording, only two weeks ago. Are you trying to use up old stationary? I know the $400 million ASIC Budget is tight but.......You agreed that telling people to "get a lawyer" when you know they have been fleeced by the Banksters and have no funds, "is highly inappropriate." I have boxes of ASIC "bugger orf letters" dating back to 1998.
I am struggling to find a positive ASIC letter that would make a consumer smile!!!! Perhaps you could send me one. There must be one, surely?
"All these losses occurred whilst ASIC was asleep at the wheel." My words to Commissioner Ogilvy 1998 and Commissioner Tanzer circa 2001.
The Federal Government has no choice but to do what I suggested in 2001. Consumers need a properly formed Government Agency focused entirely on Consumer complaints and proper Consumer Protection with a BIG budget! It's about time BIG Government took responsibility for this mess and stop ASIC from continually wandering around in the dark - along with consumers.
BFCSA Members are about to start their own Royal Commission into Banksters Online.
We are just getting warmed up. Stay Tuned. Its going to be a Banksters' Bumpy ride!
Just remember that 10% of our $1.3 Trillion loan market are FULL DOC TOXIC LOANS approved by bank officers and managers. No brokers involved.
Our surveys and stats show around $200 Billion LOW DOC TOXIC LOANS.
I wonder which Bugs Bunnies purchased the RMBS Income Stream Packs - Government endorsed?
Consumer victims are only just gathering together. In the five stages of grief process, you may have noticed the "anger" stage.
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Comments
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Tuesday, 02 April 2013Money was taken from me but I bet the bastards will have an excuse like, you signed the LAFS, or
the broker is responsible or, we don't have to check to make sure you can afford the loan... because frankly we just don't bloody care we've got your deeds and everything else you owned..... hehehehe! -
Tuesday, 02 April 2013
I am so looking forward Denise to you unleashing all the dirty dealings for the world to see.
Bring it on i say cant wait for you to slam dunk those moronic bankers & all their co-conspirators.
Lets see what lame excuses they have now for their criminal activities?? -
Wednesday, 03 April 2013
PERPETUAL loan here too... and complaint lodged with COSL currently awaiting an investigation
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Wednesday, 03 April 2013
It seems the only one honest and capable of running a properly formed agency for consumer protection with a BIG
budget is Denise Brailey. ASIC is not only useless but dishonest as well.
Can someone from ASIC please tell us ..WHAT DO YOU DO WITH ALL THE MONEY YOUR PAID??? and no lies please! -
Friday, 05 July 2013
A properly formed Government Agency focused entirely on Consumer complaints
Denise, Govt can begin by handing-over to New-Consumer-Protection-Body $200m banks benefit to use Govt-Deposit-Insurance-Scheme, ---which bak$ters enjoy currently "free-of-charge".
Now that's a good start to having a " Consumer Protection Unit with a BIG budget" --and no politicians can argue--
". ..but Denise, where will the money come from, --are budgets are over-stretched right now." -
Sunday, 07 July 2013
When I have been deceived and misled into handing over money to a Bank for whatever purpose under false pretences for the benefit and profit of those who misled me, I call that fraud. They're playing lawyer games again, I see.
Who's for the noose? Discussed this with the "brains trust" and in our 'hood it's a toss up between :- (drum roll)
Kim Cannon for Streetwise to the present time, same stuff different day, deceptive conduct to induce borrowers to commit crime, clear disinterest in the welfare of borrowers and whether they live or die (with witnesses), excessive greed and obsession with prestige and status, abusive and bad mannered staff, etc Firstmac is still a rogues gallery of mortgage fraud history. All your own work, Kim!
and
Ian Narev (CBA) for a range of offensive conducts against borrowers, investors, bank account customers, whistle blowers, plus bank fraud coverups, atrocious customer "service", appalling and rude IDR case managers, robbery, refusing to obey the lawful requests of customers, Bank West ACCC shonky cover up deal resulting in wholesale destruction of businesses and lives, delusions of grandeur and untouchability, misleading advertising, credit card fraud, unaffordable lending on margin loans, automatic phone dialing harassment, failure to pay GST, arrogance, lack of empathy, bullying of customers and getting into bed with ASIC for protection. Shame on you, Ian!
NAB deserves a mention ... for dishonesty in advertising. NABbedNanna, Gypsy, Matt, Rosie have much more experience here.
Perpetual stated yesterday that out of 1.5 billion in loans they only had one complaint with COSL and that was closed down because fraud was alleged.
They say they are with FOS, but FOS closed my file saying go to COSL for loans dating to 2005.
I find it hard to believe. Personally know 12 people with Perpetual LAFs completely outrageous.
Anyone with more info on Perpetual loans? Macquarie is the lender and overall manager of the scheme, I was told, Perpetual is the funder, Paladin is the outfit one has to deal with for LAF and complaints and the mortgage manager was the same as the broker. What? The broker managed the mortgage and generated the mortgage statements? Does that not make him an agent of the banK? No!
After I requested my LAF, Perpetual contacted Macquarie and they made a policy to only release documents that contain what the applicant gave to them. He actually said that. I told him I was taking notes. Why did they ring Macquarie? Answer, Macquarie is the overall manager of the scheme and party to the proceedings.
Perpetual exec told me I had no case, because the broker was an independent agent and because there could be no fraud if I was given money. Fraud only occurred if money was taken from me.