GLOBAL SUB-PRIME CRISIS

BANKILEAKS

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 

BFCSA
MORTGAGE
DISTRESS SOS

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.

Visitors

Articles View Hits
631477

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 Message to Mindless GREG MEDCRAFT Chief of IOSCO friend of bankers; loathes Consumers

Posted by on in SUB PRIME LENDING
  • Font size: Larger Smaller
  • Hits: 2199
  • 1 Comment
  • Print

Changes to Penalties?  It's more of Australian Securities and Investment Commission ("ASIC") Chief Medcraft's Muddle and his equally mind-blowing smoke screens:  He wants parking ticket type fines increased for misdeameanors  BUT DOES NOT MENTION immediate action AGAINST LENDERS.  Lenders APPROVED these dodgy loans - every last one of them.  Medcraft's Banker Mates set up the consumers to enable the Banks to steal ordinary Mums and Dads homes and his Banker Mates set up the Borrower agents to take the wrap!

Then there was the securitisation scandal re the Australian Office of Financial Management to buy the TOXIC products and and "profit from the fraud."

Medcraft says he wants stiffer penalties but only takes the annual obligatory handful of actions via DPP, and only against the little cases - brokers with foreign names...........did you notice that?  Easy targets?  Not too much hard yakka?   Your bias is showing.

Greggie, What about the LENDERS who APPROVED the Loans?   Its called Maladministration in Lending....look at the rule book.  If LENDERS were jailed for approval of these loans - no more would the consumer suffer the grossed out penalties YOU SIR are dishing out to them.  There are stiff penalties and custodial sentences for organised crime and you were part of that scene.

What about those who break the S27.1 of the Bankers Code?  That is a specific Regulation therefore a law.............

Every Low Doc Loan we have examined is a breach of that code by Major Banks and 85% of loans were from Major Banks.  What Mr Medcraft, are you doing about that little problem worth $50 Billion dollars?  

I am sure your favourite song to Banker Mates  is from Olivia Newton John: "Totally devoted to you"  Do you loathe consumers that much, that you would permit these Banksters to steal vulnerable people's homes?

Nothing, niente, zilch, pushing up daisies?   So now you are under the spotlight you have developed Peter Kell's infamous attack of the "will bees."  "We will be doing something we just do not know how to go about it yet!"

The BIG Fraud was in the APPROVAL OF LOANS BY MAJOR BANKS acting as a BANKING CARTEL.   You know that, I and my victim borrower members know that to be true, and now the Borrowers are just waking up that they will be copping the blame.

READ THIS BIT Greggie:  No matter what info is on the LAF, the MAJOR BANKS APPROVED THE LOANS IN BREACH OF THEIR OWN CODE AND THE LAW.  That insurmountable evidence is now pouring from the newly discovered files of the mortgagors.  

They say: "Golly Gosh we had no idea the Banks were doing this!!!!"

Yes its true, you forgot to tell the CONSUMERS "its a BANK SCAM - a Bank Heist".  Now what sort of protection are you really offering here as head of IOSCO?  Oh I see: Protection for Banksters.   And all your IOSCO buddies agree with you and yes their countries all have the same SUB PRIME LENDING problem.  People being thrown out of there homes on the nightly news. 

Nice one Greg and you flew all the way from New York to help out your Buddies in Banking and majoring in Banditry.  

Heaven help us all!  Consumers at grave risk of falling for regulator's idiotic twaddle and the bank protection rackets run by the regulator.  Sub Prime Lending, Greggie....please pick up the hand-book and start reading and then go after the morons that approved these loans.  Very simple really.  

What?  They are your Mates?  Cannot DOB IN a Banker Mate?  Well give it a go, you may find it a new experience, but if you do not have the ticker for it STEP DOWN is the best advice we can give.   The sooner the better!  You can send your resignation to me and I will distribute it far and wide.  It would be my pleasure.

No respect for you and your HIGH OFFICES, you say?  Well the problem is Greg, you have shown NO RESPECT FOR CONSUMERS and this cannot continue under any regime!    This email address is being protected from spambots. You need JavaScript enabled to view it.

 

This from  a Reader to remind of you of where you screwed up.........................

Transformation- Posted on Thursday, March 20, 2014

 

What about borrower bashing? God knows borrowers have had enough of that for years. They've been the scapegoats for all the Bank incompetence and illegal conduct. Also the laxity of all governments, regulators and bureaucrats. Their lawyers are still trying to peddle lies and trying as hard as they can to hang as many borrowers as they can. What about the evidence, boys?

What about the bullying of borrowers, disputees, property owners, their good lawyers, intimidation of witnesses, spying, enlisting of friends and neighbours to spy and inform, brutality against the aged, disabled and sick, the use of military tactics against innocent civilians, the abandonment of farm animals to starve and die, crops to wilt in the field, as farmers are forbidden to attend to their properties, the mock justice systems set up to delude the borrower, the corruption by self interested bureaucrats, the secret deaths and disappearances?

This is unAustralian conduct.


These are the kind of goings on we would have expected behind the Iron Curtain, according to anti-communist propaganda. This is the type of conduct reported from war torn Yugoslavia. Or Afghanistan and Iraq, NOT AUSTRALIA.
How can the government of Australia stand silent on this betrayal of their good citizens?
How can they appoint a Banker to head up their joke of a Banking Inquiry with a straight face?
Have they no consciences, no sense of right and wrong? - just like the cold blooded Bank staff and their henchmen that force borrowers to their knees?
For all the years of talk it appears that NOTHING CHANGES.
Even asylum seekers get better access to law in Australia than defrauded borrowers and more protection of their rights.
Would anyone like to tell us why? - and the truth please, from the Australian Government. Now would be good.

PLEASE CUT AND PASTE AND SEND TO EVERY MP..............................

Last modified on
Rate this blog entry:

Comments

  • doyla66
    doyla66 Friday, 21 March 2014

    Time to let you in on a few secrets I was told by somebody I know who just happens to work in a council. Councils are being given a helping hand by none other than Greggie Getsmart to refill their empty coffers and atone for all those bad investments they made and all the money they expected to roll in from local development which has just been given the green light again. Medcraft was once the mayor at Box Hill Council in Melbourne and had another stint at being mayor at Woollahra council in Sydney and one of his besties is Clover Moore who he helps out handing out how to vote cards at Sydney council elections, wearing his ASIC runners of course! Sure hope he has his bags packed for when he needs to run from the lynch mob and doesn't trip over his shoe laces else we might have to pass around the hat and chip in to buy him a few pairs of striped PJ's!

Leave your comment

Guest Wednesday, 18 September 2019