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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: President Obama must SACK LANNY BREUER immediately. Charles Ponzi is smiling!

Posted by on in Political Blindness
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President Obama cannot be sitting in front of a television set, watching FRONTLINE on Wall Street, starring Lanny "No Prosecutions" Breuer without having some reasonable thought that Lanny maybe the wrong man for the job.

But why delay?  If I were you Mr President, I would be skating down to the Chief Prosecutors office and fire everyone on the team including Lanny's pathetic Deputy.  America is not liked in many great countries of this world.  There are historical references of discontent going back to the Boston Tea Party.

In fact Boston was the scene of Charles Ponzi's grand Bankster plans remember?  Mr Ponzi took two thirds of the Boston Police Force for a ride, suggesting he could invest their savings.  Ponzi even purchased his own Bank, so grand were his pranks.  He did around 10 years jail.  Next a few Florida Land scams and bit more porridge.   Yet by the 1930's people had had enough of Mr Charles Ponzi and packed him on a boat to Italy to become Italy's Mussolini's financial adviser.  Over 10,000 citizens turned up at the wharf to wave him fair well and good riddens.  They wanted to make sure he had truly left their shores.  Oh well.

Yet what Lanny Breuer is covering up for all the most outrageous reasons, has hit a raw nerve with every other citizen on this planet.  America cannot even be trusted to pick its best man/woman for the job and prosecute these obviously crooked Wall Street Banksters.

Mr President, its not only Americans who are hurting through financially ruined lives:  Australians were infected with the same Mortgage Loan Scams, because our banks are one third owned by American banks.

To complicate matters even worse we have two political parties that are also trying to sweep the foul smelling stench of rotting mortgages, under the carpet.  Perhaps you and the Prime Minister need to exchange notes and with extreme haste, less our children and their children all end up homeless. You both need to organise a busy bee and clean up this mess and PROSECUTE EVERYONE OF THE BANKSTERS that caused this rot in our society. 

These Banksters cannot profit from a FRAUD.  Since that's exactly what these Masters of the Universe have been doing for the past 2 decades because your leaders and our leaders forgot their place and left the gate open: You work for us:  Mr and Mrs Average, Decent, Hardworking Citizen.

America has learned nothing from the GREAT DEPRESSION, nothing from the SAVINGS and LOANS SCANDAL, nothing from the BANKSTER engineered FOREIGN CURRENCY SCANDAL.

Please sack LANNY and his cohorts and handpick someone that can bring all these criminals to justice.  Hopefully we can also sack our own bundle of lazy corrupt regulators

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  • doyla66
    doyla66 Tuesday, 19 March 2013

    sack the lot of 'em and start all over again! We are sick of the SPIN!

  • doyla66
    doyla66 Wednesday, 20 March 2013

    Comments NY Times 20 March, 2013

    End-the-spin(USA)says,"since several civil courts have found fraud, you should get the Justice Dept off its kiester."

    It has always been a game of blaming the borrower. However, that doesn't hold today.

    Would you lend money to someone who couldn't pay you back. Of course not.

    But, with deregulation, and a now run-amok, unregulated financial services industry, there is no need to see if a person (or country) can pay you back. You simply sell the loan to anyone that can sign a piece of paper, then bundle it with a bunch of other loans and sell them to investors--making money twice! No real risk on your part--the government won't prosecute--you've paid the White House millions to keep their paws off you... you've got Wall Streeter running the White House and the economy--nothing is going to happen. Sure, the practice was ripe with fraud, but there's enough money to make that go away.

    Fraud? The President of the United States tells us that what the Wall Street bankers did in the mortgage crisis "wasn't necessarily illegal."

    "Well, Mr. President. I'm glad you know that in America we are all innocent until proven guilty.

    However, since several civil courts have found fraud, then maybe you should get the Justice Dept off its kiester, and start working on behalf of the America people and throw these perps in jail and take their billions as restitution for the $2 trillion we taxpayers forked over to bail them out. They took billions in bonuses, on top of the billions in salaries, we're still paying for it."

    March 20, 2013 at 10:00 a.m.

    http://www.nytimes.com/2013/03/20/business/global/cyprus-rejects-tax-on-bank-deposits.html?_r=0

  • doyla66
    doyla66 Wednesday, 20 March 2013

    Duped

    Spot on Arree, sack the lot of them for their incompetence and ability to be persuaded or bribed by the banksters cartel. That goes not only to the Americans but also to the Australian regulators that have shown scant regard to the position they hold and the protection from fraud in the banking industry committed on the Australian public.

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