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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: David Murray FSI Report ignores 3181 Petitioners who called on Murray to recommend Royal Commission into Banks

Posted by on in ROYAL COMMISSION URGENT
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Its not too late to sign our PETITION TO DAVID MURRAY - demanding ROYAL COMMISSION INTO BANKS: 3181 and rising

Murray Report pretty ordinary and why?  It was run by a Banker.  At the bottom of every white collar crime scandal in Australia there is an overpaid Banker.

JUST ASK THE VICTIMS who have lost their homes and/or life savings to interconnected debenture scams.  Our Finance System is on the edge of a property bust due to lazy regulators who looked after Banker Mates and not the Public.  Murray looked after shareholders in his report to a certain extent but decided tax payers can foot the bill for anything the sleazy Banksters are doing, so its biz as usual.

In our submission we specifically asked for all Loan Application Forms to be provided to customer and for all new mortgages to have mandatory copies AT POINT OF SIGNING to lessen the burden of 100% Fraud and Forgery after the 3 page document is signed.  The document then becomes 11 pages (its magical banking) with exaggerated incomes added without the borrower's knowledge or consent.  This is happening TODAY!

Do not commit to signing a Mortgage Application Form with any of the Banks and no online forms, unless you are given the precise copy you have signed or submitted.  Then before the settlement arrives demand the copy of the same document from the bank and compare...........look for the discrepancies!  $20,000 incomes are changed to $180,000.  We have seen oevr 2000 LAFs.

BIG QUESTION: Why did ex banker Murray ignore the fraud and forgery?  Why did he ignore Debenture Scams?  Yet Murray agreed Superannuation is "of concern."  With all the white collar, university educated bankers out there - yes your money, your super, your savings and your home is under threat.

A Royal Commission is desperately needed to have all these documents loaded onto the Bench of the Royal Commissioner.

IF YOU AGREE SIGN HERE:

https://www.change.org/p/mr-david-murray-chairman-of-the-financial-system-inquiry-royal-commission-into-australian-banks-the-regulators-asic-apra-and-all-subsidiaries-and-joint-partners

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  • Wayne
    Wayne Monday, 08 December 2014

    Yes it is is always an ex banker who is the regulator of banks, It sounds stupid I know but that's how it is, Truly, that shouldn't be.
    I really can't get my head around that. Can I get my relatives to be my Judge & Jury if I get into any trouble in in the future. If so I would probably be enticed to taking some risks, because . Aunty ANZLEY & Uncle WESTLEY won't rouse on me:)

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  • setup
    setup Tuesday, 09 December 2014

    That's right Wayne they are all protected by their evil greedy banker relatives. The financial inquiries that we've had in the very recent past should have gathered enough evidence of the white collar crimes which hav caused wide spread, life long and serious irrepairable damage to the unsuspecting consumer.
    So why was that not enough? How much more evidence is needed?. Tell us and we will produce it no problem at all.

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