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 


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.


Articles View Hits

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: Commonwealth Bank Michael Ford on Risk and Reward!!!

Posted by on in BANKSTERS
  • Font size: Larger Smaller
  • Hits: 5266
  • Print

Now we all need a good LAF.  Last year on the 16th April,  Mike (GM of Group Finance of CBA) chaired the Annual Australasian CFO Forum.  You all know this is where the overpaid set gather to pat themselves on the back and enjoy lunches that we plebs can only dream about in our "democratic" system.

We have written a speech for Mike for this year's Forum:  "the RISK OF GETTING CAUGHT FOR FRAUD is negligible in the banking sector as our Australian Securities buddies from ASIC love our free lunches.  No-one is investigating our files and has not done so since 1986.  NO RISK FOR US and we banks are free to do whatever we want.  It is indeed the lucky country FOR US."

"The REWARDS are fantasmaglorical..........our gouging rates are minimum $80,000 on average mortgage of $300,000.  Our Low Docs usually last a magical 6 years and then collapse under the weight of our over the top fees.  This is to supplement our over the top wages and offer us bigger bangs for our stolen bucks.  Our average lend to pensioners and low incomites is around $600,000, then we grab their homes and........... more sweet victories and bonuses for us.  Our aim is to own 97% of every home in the country.   Of course we hand out more buffer monies to keep it going....dress it up as if prudent, as if affordable.......... but we can prick their bubble of life, anytime we choose.  

Treasury never bothers us.....a few more lunches that's all.  We pump up the volume and the shareholders love it.  If the plebs complain to FOS, we have that covered.  WE set the limit of complaint at FOS to $500,000 and ASIC and Treasury are happy with CBA we make sure they are happy AND, as an added bonus, we have NO LIMITS set on us as to how much we lend pensioners.  Yes there's the affordability thing in the Code, but who cares about the Code?"  (big LAF expected, loud clapping)   

"No, its not corruption, its just BUSINESS." 

Then there is Warwick Bryan: Executive General Manager of Investor Relations Commonwealth Bank Group

Capital Market Tactics: Walking The Tightrope Between The Profitable & The Precarious

Now that speech would have been a hoot Warwick.  Its suggests: Managing analyst and market perceptions of your business – be that to achieve lower spreads in the debt markets or demonstrating a healthy cash flow on the equity side – in the current climate, CFOs often find themselves treading a thin line between the profitable and the precarious. In a world where regulators never sleep, ratings agencies remove “+’s” on the basis of public perception and shareholders continue to push for better results, CFOs are expected to master the long and short, the national and international, the risk and reward – and sometimes the impossible – 

Yes indeed and banks love passing on all that lovely RISK TO the vulnerable and helpless - the easy PREY - THE CANNON FODDER.  Did I hear him say: "I have never met a customer I could not fleece?"  Just keep on Pumping up the Volume Warwick....keep peddling.............We will all start to see Mortgage Loan  Demolition shortly.


IN THE BLURB the FORUM also states:

It’s A Risky Business (for CFO's): Coping With Increased Volatility, Scrutiny & Workforce Mobility

Risk consciousness of the board and shareholders has increased dramatically over the recent period of uncertainty and with market fluctuations set to continue, this nervousness is unlikely to dissipate in the short to medium term. Couple this with heightened regulation from policy makers across the globe, additional pressures............still high on the CFO agenda. Are you successfully employing evidence-based risk analysis? Are you keeping up with a rapidly changing regulatory environment at the lowest possible cost? Would you survive the threat of troublesome trade unions? How solid is your Rainy Day Rescue plan should the worst come to pass?

Yes indeed: HEIGHTENED REGULATION.... what bollocks!   Banks have manipulated the system so that ASIC can take a bo-peep at ":anyone bu the banks."  BFCSA Members have been screaming: There is NO ENFORCEMENT OF LAW."  No Justice for client VICTIMS OF BANKSTER FRAUD.  There is no evidence based risk analysis where fraud is concerned.    "Lowest possible cost" is what ASIC do exceptionally well.....flick letters.  The Bank Engineers would LAF at that one.  Take a squizzy at the chair of meetings in the ENGINE ROOM.....oh its on the top floor Mike, not the basement!   Yes ask the Finance Employees Union....their members report the fraud and ASIC does ZIP.  Just ask Mike and Warwick.  

And  about the The Rainy Day Rescue Plan...............................we can all LAF at that one cos the BFCSA clouds are starting to hover over your ivory towers.

You better start rescuing your victims chaps and negate these dirty $200 Billion of Low Docs and No Docs and yes, lets add on the 10% Full Doc mortgages.  10% of $1.3 TRILLION......that's a lot of dollars to hand back......................we told you so in 2003!  

Nothing to do with the GFC is it?  You and your mates caused the GFC.  Ponder the fate of Bears and Lehmans et al as you tuck into the filet mignon and sip the fine wines.  

Oh can some-one who managed last year to listen at the key-hole please tell us what was said?  Closed-Door Community Conversations


This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on
Rate this blog entry:


  • doyla66
    doyla66 Sunday, 07 April 2013

    Nab listen to your customers. Mr. Clyne take note of what is going on within your organisation. Are you not the head hocho?. Nab could be the biggest and the best with their profile lifted. This has been a problem of Nab,s for years. Nab it would be so simple for you to be top of the tree. Just admit to the fraudulent manipulations within the organisation. Stop the mortgage fraud, stop the misrepresentations. Stop the forgeries. Come out of the cupboaard and fess up. Nab you will win customers by the millions. Customers will have confidence and faith in Nab. All will flee the other banks in mass.

  • doyla66
    doyla66 Sunday, 07 April 2013

    To all bank CEO's, which one of you are prepared to stand up and be the hero in extinguishing these fraudulent loans.
    The first one to volunteer and be proud to carry the banner to save the thousands of suffering Australians caught up in this bank scam and to save them from being evicted from their homes will become the national hero of all time and will go down in history for having the courage to step up and set the example to other banks.
    You will be admired, respected and long remembered as the person who set the bench mark for true justice for all Australians and future generations.

    Please give this matter some serious thought and come forward - by doing so you will achieve great self pride and satisfaction for the rest of your life.

    We are counting on you whoever you may be.

Leave your comment

Guest Monday, 25 January 2021