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BFCSA
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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: Miserable Mob of Banksters Australian Style: Throwing Children out into the Street 1930's revisited

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There are so many documents we have to work overtime in collating and recording the material for future generations.  If those miserable thieves known as "respectable bankers" think they have managed to climb out of the vaults with truck loads of cash, leaving Australian Mums and Dads and their children without homes, Bankers better start working out what they will surely be asked to explain to a full bench of Judges.

For any Government, any Politician, to say this scandal is not worthy of looking into means they most certainly have fingers in pies to precious to their own well-being.  Those who object to a Royal Commission are not only GUILTY of dereliction of duty, but guilty of being part of the cover-up.

Many more victims are out there and will spill out onto the streets, as the entire cycle of LIAR LOANS reaches its seven to ten year peak.  The GFC crisis is heading our way.  Thanks to ASIC the cover-up post GFC was crucial to its success and its disgraceful continuation.   Our Mortgage Sub Prime Lending Scams were buried under multi-storey buildings and hidden by ASIC & APRA.

Our Senators should be given truck loads of HANDCUFFS and start asking the Federal Police to commence full scale arrests - no exemptions and NO Get Out of Jail Free Cards.

If our family members went out and robbed a bank there would be mandatory arrests and jail time.  WHY ARE BANKSTERS A PROTECTED SPECIES and which politicians are responsible for allowing these criminal activities to continue for 15 looooong years?

The Bankster game plan was to continue to use FULL DOCS and LOW DOCS, to create the largest Banker PONZI Scam this nation has ever experienced.  

In true PONZI style Banksters will, by intention, crash and burn a multitude of ordinary Mums and Dads.  The Banking sector will rip families apart in a grab for the spoils of the FULL DOC and LOW DOC scams.  The EDR's will tell the victims "get on with your lives, nothing we can do...."

The EDR's and ASIC and APRA will aid and abet the banks in taking hold of the assets.  Banks took no risk in the Ponzi created.  The risks were planted like time-bombs on the hapless Mums and Dads.  Children being thrown out onto streets?  Who cares....that's just business.........

Sorry chaps.  BFCSA cares as do thousands of others who are appalled at the width and breadth of this SUB PRIME scam. 

Joe Hockey has a family member who suffered loss of home and savings as a victim, and that explains his Banksia comments last year: "I wouldn't be trusting a non bank lender."

News Flash Joe:  No-one should trust any of the Major Australian Banks either - Bankers were the ENGINEERS of mass criminal activity.  

ASIC KNEW and the bank chiefs FLEW.    

You want TRUST put back into the Banking Industry?  First the people have to trust the elected POLITICIANS will hold a massive inquiry.

All those who vote NO to a ROYAL COMMISSION INTO THE BANKING SECTOR - you have GUILT written all over your faces.

All SENATORS ought to be backing Senators Williams, Cameron, Cormann and Milne for a starting point of an INQUIRY INTO ASIC.  A dereliction of duty by regulators - as grandiose as we have ever seen.  We want THE TRUTH.  

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Comments

  • doyla66
    doyla66 Monday, 17 June 2013

    Excellent post, Denise. I agree. Now is the time for everyone of them to stand up and be counted. Australia is not America or England and many Australians have long memories of their history. We are also normally intolerant of misconduct by our trusted leaders.
    By comparison to the Bank behaviour and ASIC, Slipper, Thompson, Fine Cotton and Khemlani are flea bites. Look at the time wasted by various regulators and politicians pursuing these cases.
    Politicians must be above reproach and be seen to be as well.
    Regulators and the public service must be above reproach and be seen to be as well.
    The Australian public have slipped up somewhere in the standards we have expected from those we pay to do the job.
    That's not a justification for "let's see if we can get away with it" conduct.
    Long history of repeated or systemic corruption = Royal Commission.
    Wake up Canberra! Australia is calling on you to do the right thing now.

  • doyla66
    doyla66 Tuesday, 18 June 2013

    Any cases in with FOS should and must be frozen immediately.
    All closed cases should be reopened as a matter of urgency.
    The time has come for a Royal Commission into the banking sector.

  • doyla66
    doyla66 Saturday, 06 July 2013

    Joe Hockey should be reading the blogs from the members daily. Then he would realize what
    we are up against with all the corruption happening under his nose.

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