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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: RMBS Really Massive Bankster Scams: To Be or Not To Be Exposed?

Posted by on in ROYAL COMMISSION URGENT
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The Australian Federal Government has yet to answer the issues I raised in Parliament, namely: "the Government cannot, ought not to profit from a  fraud."   Since the Government was advised by the Australian Office of Financial Management ("AOFM") to purchase $25 Billion of the very same JUNK, why is the Government reluctant to hold a Royal Commission?  The allegations are deserving of a full scale RC, yet the evidence of bank driven mortgage fraud grows daily.    Banksters have failed to hand over the copies of the SERVICE CALCULATORS knowing full well that those one pagers are the proof of the Bankster driven engineering plans?  

Andy was right: RMBS stands for:   Really Massive Bankster Scam

Over 800 members are currently ringing the bells on the village green that those with a  mortgage, and those who used to be mortgage free, are in danger of becoming homeless.   The Government cannot ignore the warning signs of foul play by Banksters in the Banking Sector.   Every payment made by the securitisation of the income stream to the Banksters is pure profit on a fraud. We know this to be true in the Low Doc and NO Doc lending products, yet we have also found the same fraud in 10% of FULL DOCS and those loans have been written up by the Bank Managers.

88% of loans are written by the Major Banks and now to $5 million - $10 million bonus are to be handed out to those in charge of criminal activities!!!  If the Senators agree to call for a Royal Commission into the Banking Sector it means they each understood the FACT that the Government cannot profit from this monstrous mortgage fraud!

We pray the Senators are all "on-song."  We do not want a "Son of Wallis" Inquiry.

I have a tally of calling for 13 Inquiries to date, including five state inquiries and also a Royal Commission 2001.  Only a Royal Commission can deliver thousands of documents that are being denied to us right now.  Hands up all those who do not wish for those hidden documents to be discovered?

With over $100 Billion in unclean loans floating in the sewer of our banking sector, no decent Australian could possibly be part of the cover-up, as against part of the clean-up.

One only has to look at the evidence emerging in the Bankwest Caper with HBOS and CBA, to know that the entire system has been infiltrated by banksters driven by huge bonuses and greed.  

We Aussies queued for miles to assist one another after the Queensland floods....just watch when we group 200,000 families together in one common cause.  The next generations will either view us as apathetic or indeed a force to be reckoned with in a New Age of Consumerism.  

With 200,000 families as victims of fraud up against 40 Bankster Engineers....I would say the odds are in our favour.  If the Federal Government cannot see the problem, they do not deserve to be in power.  The Senate Report and the Federal Response on the 28th November will be a critical moment in history.

Hiding this under the carpet?  The Prime Minister would need a carpet the size of Lake Burleigh Griffin.

ROYAL COMMISSION into the Banking Sector (Very Broad Terms of Reference):  To Be or Not To Be?...that was the question 400 years ago in one of Shakespeare's finest plays: Hamlet.

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  • doyla66
    doyla66 Saturday, 17 November 2012

    RMBS: 200,000 Bayonets affixed -- 'at the ready'

    Blessed Dalai-Lama fled/1959 with 80,000 refugees--here/2012, 200,000 oppressed "true" Aussies elect to affix bayonets--NEVER fleeing to set up "Resistance in Exile".

  • doyla66
    doyla66 Saturday, 17 November 2012

    Aussies are cynical about Inquiries. Even if the Inquiry comes out with recommendations people assume this government won't implement the recommendations. As Aussies see it: a total waste of time, money and effort. Consequence: lack of emotional commitment to the outcome by most.
    Reality: everyone for themselves to survive.
    We're seeing the reality based on the BFCSA modelling and critical factors are emerging.
    You're right, Denise - Canberra is either on another planet or has the rug firmly pulled over their idealism blinded eyes. All the negotiations with Banksters has retreated behind closed doors again due to public criticism of their ludicrous media releases. This conduct is a recipe for failure as in the hands of an undemocratic government committed to the principles of European style Fabian socialism they are setting the path for their own demise. Unfortunately they are also wasting time and money on their idealistic pursuits. I suggest those of that persuasion accept the reality that Australians will not accept it at all and then the idealists can all have a "Ten Pound" ticket back to Europe and leave Australians to run this country with good old commonsense for Australians, not for the benefit of the international banksters and overseas interests.
    Bayonets at the ready: RAT packs and kit, hutchie up at APH, Canberra.
    Teach our children self-sufficiency and personal survival skills. The hype about the good times is over: gearing up for the "winter of our discontent" now, thanks to Government failure to show timely attention and action years ago in addressing Bank Fraud and wide spread White Collar Crime in Australia.

    HUMAN RIGHTS B4 BANK "RIGHTS"

    ROYAL COMMISSION INTO BANKING - WIDEST TERMS OF REFERENCE

  • doyla66
    doyla66 Sunday, 18 November 2012

    Human Rights B4 Bank Rights - brilliant!!

    "Winter of our discontent" - another accurate little gem - love'em, keep'em coming Lisa ;)

  • doyla66
    doyla66 Sunday, 18 November 2012

    Thanks, Lindy. Should have footnoted: misappropriated from W. Shakespeare. Richard III :)
    Trivia: curiously Steinbeck's last novel of the same name involves a man who blames the bank for his father's financial losses .... http://en.wikipedia.org/wiki/The_Winter_of_Our_Discontent

  • doyla66
    doyla66 Sunday, 18 November 2012

    the report will be handed down, kept confidential & secret for months, nothing will be done, a minor recommendation may be acted upon, & sent to another committee for investigation, roll on 2014

  • doyla66
    doyla66 Sunday, 18 November 2012

    Yes, Glum, that's pretty much what people are saying about it.
    I know some BFCSA members were told they would be sent a copy of the Report when it is released. Maybe we'll be able to get copies of it that way.
    As well key people in the media would be given early release copies so they can prepare articles on it.
    Finally we can hassle our local/federal pollies to get copies of it and ask them what's in it.
    The Senators put so much hard work into it they won't let the govt hide it.
    It's the recommendations that are most interesting. The rest, apart from confidential material, is available on the Senate Committee Submissions website.
    And ... this time BFCSA are not letting anyone off the hook from this Inquiry.

  • Denise
    Denise Sunday, 18 November 2012

    Senate Inquiry - we may all be pleasantly surprised. Senators were suitably horrified at the evidence presented and even more gob-smacked at the ridiculous answers from AOFM, APRA, ASIC, RBA and Treasury. Interesting times indeed. I will circulate the links to all Members as soon as available. Then YOUR TURN troops: start by saturating the media space with your favourite shock jock radio programs - let everyone hear the voice of the people please. [email protected]

  • doyla66
    doyla66 Friday, 23 November 2012

    You do know that the quote "To be or not to be" was in fact from Hamlet?

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