Hi Adam

Thank you for taking the time to respond to my email..

There are so many Australians that have lost their homes to the banks.  These people are victims of Bank Fraud and there is no authority in this country that will stand up for hardworking Australians to make the banks accountable for their predatory lending tactics.  In years to come, historians will laugh at us and our economies for allowing this to happen without recourse.  Shame on the banks for stealing the lives of honest hardworking people.

I’m hoping the outcome of the ASIC review includes compensation for victims of bank fraud including members of the BFCSA who have provided indisputable evidence of the widespread fraud with yet no avail.  To these victims, Australia is not the lucky country whilst the banks remain unaccountable for fraudulent documentation.

Best of Luck Adam.



On 5/8/13 3:00 PM, "Adam Bandt MP" <This email address is being protected from spambots. You need JavaScript enabled to view it.> wrote:
Dear Rocco,

Thank you for writing to the Greens regarding the recent revelations of ASIC’s failure to fulfil its legislative responsibilities and obligations. I apologise if there has been a delay in getting back to you, we have received an overwhelming amount of emails on this issue from people like you.
I am the Greens spokesperson on Banking and I agree with you on the importance of proper oversight of corporate regulation. The issues that you raise are important. Because The Greens share your concern about the performance of ASIC, our Leader Christine Milne joined with Senators Williams and Cameron to move that the Senate establish an inquiry into the performance of the Australian Securities and Investments Commission (ASIC). The terms of reference of the inquiry include the accountability framework to which ASIC is subject and whether this needs to be strengthened and ASIC’s complaints management policies and practices. The Senate voted unanimously in support of the motion to refer these matters to the Economics Reference Committee for inquiry and report by 31 March 2014.

Adam Bandt
Federal Member for Melbourne
Deputy Leader of the Australian Greens