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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: Financial System Inquiry - David Murray over 6000 submissions. Australians not happy with BANKERS Joe!

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CEC just called - 6000+ was early yesterday morning so the count will rise for they were still flooding in - Malcolm Fraser wrote one I believe pushing for Glass Steagall!    from Gladys.........................

 

http://www.cecaust.com.au/

27th August, 2014
Public floods Financial System Inquiry with 6,000+ submissions—not happy, Joe

The Australian public has overwhelmed Joe Hockey’s Financial System Inquiry with more than 6,000 second-round submissions, a massive increase on the 280 submissions made in the first round.

The sheer volume of submissions sends a clear message: Australians are not happy with the state of the financial system, nor the direction in which the FSI is heading, evidenced by its interim report.

Former ANZ Bank director John Dahlsen spoke for many Australians who have monitored the inquiry when he charged in his second-round submission, “The interim report has been prepared by bankers, on behalf of bankers, for bankers.” (Australian Financial Review 18 August 2014.)

 

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  • Aries
    Aries Thursday, 28 August 2014

    Just goes to show the public are becoming aware of the banking industries corruption.
    THIS IS JUST THE START JOE, THIS IS NOT GOING TO GO AWAY JOE!
    Public has no faith in the investigative bodies such as ASIC and the EDR's.
    Everyone has been made aware they are not doing what they are paid to do. "Tell the borrower it's their fault".
    The Federal Police must be called in to investigate and charge those responsible.
    We are asking for a freeze on all loans which have been fraudulently approved by this corruption.
    We are asking for a ROYAL COMMISSION with a wide TOR immediately.

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  • kddeed
    kddeed Friday, 29 August 2014

    Here, here Aries, well said!

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