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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: Enforcement of Law re Toxic Liar Loans: Question Time Please

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Everyone at BFCSA must know by now that Enforcement of Law is very simple.  Managing a stable economy should also be relatively simple without recessions and depressions, simply by ensuring proper regulation and control of the Banking Sector and its Executive Officers who need lessons on human decency.

A few "silver bracelets" are a great acquisition when trying to teach these Bank Engineers a lesson, that we the people will not stand by and do nothing whilst they rape pillage and plunder vulnerable peoples' bank accounts.

The Australian Federal Government needs to get a grip.  Today would be good Prime Minister.  We are awash with toxic loans and the Opposition is still ranting on about a dear Julia letter from 17 years ago .....what?  Mr Abbott, you need to get a grip too.  Jack and Jill came down the hill to see you last week, remember?  They described the Model perfectly.  They came with documents attached and are your constituents.  

This is a big issue.  The Julia letter is just another political stunt with substance or not.  Its a stunt.  The issues we are raising relate to 100,000 families about to be in need of tents!  Over $57 Billion* of Low Docs are floating around in a very corrupt regulatory system.  AOFM, RBA, ASIC and APRA and Treasury are lying or at best, misleading Parliament with fuzzy answers to legitimate questions.  They say there are "no systemic issues" and no Low Docs are sub-prime!  

What in heavens name are we in existence for if there is NO problem?  

Do you think our Members and your own constituents including Johnno, are dreaming this up?

Did I go to Canberra for nothing?  Is Senator John Williams dreaming as well?

We need strong honest leaders to dig us out of this mess.  The aggrieved average Aussie needs a champion to their cause, or they will rise up against both you and Julia.  

BFCSA Members are calling for a ban on Low Doc Mortgages in its present form, an end to the Broker Model, a Royal Commission into the Banking Sector lest the homelessness escalates and causes a catastrophic crash of the property market.  Both our Leaders have let this country down badly by turning the other way for years.  Both Leaders have been wining and dining key Banksters for years.  The gap between the have's and the have-not's is widening and all because you both decided greed was good for the nation.  Bollocks.  You both have assisted in allowing the Bankster motto to prevail: Wealth by Stealth.

Every other democratic country in the Western World have suffered the scourge of humanity known as the SUB-PRIME LENDING Scandal.  We are hiding ours in a shoe box, buried under a litany of lies in Parliament.  We are in BIG denial.   You and the PM are both to blame for this and yes, your predecessors.  Joe Hockey knows what the banks were up to as Minister for Finance in 2001.....we all knew.

But due to election ambitions, everyone has turned their backs on the problem and flagged the Banksters as "Too Big to Fail."  

But Fail and Be Jailed they must.  Who else gets away with fraud in this country, particularly on such a grand scale?

The Will of the People must be followed.  We want leaders that are thinking twenty - thirty years ahead, not thinking of the "next election."  We the people are in fact more powerful than the 360 plus inhabitants of governmental offices, simply because there is more of us.  Oh I see, you think that realistically  the average aussie is only worried about the next long weekend and Sunday's BBQ?  Hmmmmmm, not this time babe.   Aussies may be a little slow in waking up to what is really going on, but 100,000 repossessions of homes by known Banksters may just send them back to the trenches.

The Opposition has four days next week to ask key questions of Parliament.  I believe Johnno dropped off a list.  I can certainly furnish you with additional questions BFCSA Members would like to ask, starting with:

How many Low Doc Loans are now in default?  

How exposed to profit from Low Docs are each of the ADI's and Non ADI's who are approving Low Docs and No Docs?

According to bank auditors, how many FULL Doc loans are toxic?  Our survey shows 10% of the $1.3 Trillion market?

Which bank admitted 64% of its profit comes from Low Doc loans or LIAR LOANs as they are known in the rest of the world?

Which of our Banks and Non Banks are about to implode?  Sub Q: How long have you known of the danger?

Time for a Royal Commission into the Banking Sector - Wide Terms of Reference.  Why?  Because we owe it to future generations to ask these tough questions now.

As Leader of the Opposition, your job is to Oppose, probe, and ask meaningful questions.  You have a wonderful opportunity in Parliament next week.

We the People want you to ask the above questions for us in Parliamentary Question Time.

We have BIG Bundles of toxic loans and no-one is asking questions?  We are.

*These are last years figures: Nov 2011 - Andy can you dig up for me the latest RBA Low Doc head count please?

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Comments

  • doyla66
    doyla66 Saturday, 24 November 2012

    I'd love to see some real Opposition action on these issues, going begging for their attention. They've been missing the point.
    Australians all over want to know:
    Why are there different laws for Banks who commit crime?
    is the market safe for ordinary Australian Mum and Dad investors and borrowers yet?

  • doyla66
    doyla66 Saturday, 24 November 2012

    The 'facebook' revolution: " Tony Abbott Looking at Things" 3,723 likes · 99 talking about this

    facebook-ed +shared --Hi Tony, I know you're an astute sort of a guy--get 1up on Wayne's World, suggest u enquire upon Mr Nichol re Labor's ill-faited AOFM's RMBS' Toxic Waste Dump' Program buying up Bank$ster Fraud --refer: www.bfcsa.com.au/Latest">http://www.bfcsa.com.au/Latest Entries www.bfcsa.com.au

    BFCSA investigates fraud involving banks and lenders, financial promoters and mortgage brokers. Low Doc and No Doc banking products appear to be normal financial products, however, these loans can leave the innocent customer homeless in a very short period of time. For the past two decades, Ms Bra...
    Like · · Share

  • doyla66
    doyla66 Saturday, 24 November 2012

    Hi Denise
    Have you red my email post from Thursday night regarding nab forged signatures procured by Nab Stuff?

    EDITOR: Cannot find Thursday email, blog or comment - what a waste of time

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