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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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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.

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BFCSA: Royal Commission Online into Banking and Finance Sector: The Nuts and Bolts of what happened

Posted by on in BANKSTERS
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TOXIC LOAN SCAM – Bankster Gangster Style - Very simple to figure out.  Same World of Sub Prime:  Guaranteed to have you homeless in seven years.  COST $80,000 profit per dirty loan.  Time bomb is that according to our survey 2012, 10% of FULL DOCS are also toxic arranged directly by bank managers and officers.

All loans were computer assessed - tick a box approvals - zero rejections.  Bring in your dead loan apps and we will revise them and re-cycle and refinance so there is no equity or sanity left.....according to insider emails.

Banksters control the TOXIC banking and finance environment as well as the property market and its glorious bubbles.  The pumped up market was fuelled by convincing older persons to borrow against the equity of their homes, years after they had finished paying off their mortgages.  The objects of the Bankster affections never expected to buy a second property to avoid the perils of the pension. 

This insidious Bankster TOOL, a Bankster driven strategy to convince innocent families it was their “duty” to come off the pension and was a carefully developed strategy to regain better finances and the Bankster lawyers would prepare all documents and assist them.  Later the Banksters went after the First Home Buyers in similar fashion with 106% LVRs.  Self Regulation is good?  No-one policing banks is good?  Give banks freedom to do as they please?

Which nutter came up with that one?

THESE PEOPLE WERE SPRUIKED.  They did not wake up one morning and dream up this fantasy and the Bankster strategy had to sound very very good, in order to convince decent people in the Broker Channel to believe the insanity story.  Brokers and their families fell for the ruse.  Brokers were told: “you will be helping ARIP’s Asset Rich Income Poor - a Bankster devised acronym: aka Pensioners.

ASIC is saying: Its was just a bit of Marketing!!!!!  Cute!

BANKSTERS KNEW: That within seven short years you would all be homeless.  They lumbered fees upon fees and shot interest up from 6% carrots to drag people into the vortex of deceit and then hike up to 12-15% in less than a year!  The lovely Banksters even gave the pensioners some moula to afford the payments...for a year.........

Then the Banksters would pounce on their clients and offer a "banker rescue" -  further buffer funds to afford payments.  The quintessential bankster engineered: Buffer Affordability Scam."   Two years later another $50,000 to afford to "save your home."  The Bankster had snared their prey.  $200,000 "try it and see what happens loan" became $450,000 in less than five years.  

Banksters prick the bubble and property prices drop and then they move in for the kill.......................simply magic!

Bank Managers promoted the product.  Banks deliberately and maliciously invented a faulty product.  We would not allow that to occur in way.  So why are banks immune from even a bo peep?  Why no Royal Commission, Prime Minister?  One word is relevant when this happens to our nation: corruption on a massive scale.

Regulatory Authorities admit now: the BANKS WERE THE ENGINEERS.  Thank goodness they now get that bit!

Get a Grip Australia.  Your next door neighbour could be planning suicide!  

Do the victims feel stupid and embarrassed.   Of course they do!  Its the bravery that brings strong men out of the trenches!  Its all hands on deck and save our citizens, our way of life and our homes.   Ask your parents: Are you a victim?

Handcuff and Lock Up these Bankster Predators.                      This email address is being protected from spambots. You need JavaScript enabled to view it.


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  • doyla66
    doyla66 Saturday, 02 March 2013

    RAMS WBC collections staff also recommended we tap into our super to pay the mortgage (which is interest only)

  • Denise
    Denise Saturday, 02 March 2013

    Banksters control the environment and the Government. Time for Aussies to become Icelanders and tell Goevrnemtn we want a Royal Commission immediately.

  • Denise
    Denise Saturday, 02 March 2013

    Banks say: "we'll save you" then force you to take more debt to save your home that they systemically placed in jeopardy. People just want (are entitled) to be placed back in a position as if they had never met a Bankster. That's Fair. Banksters engaging in criminal activity as if with immunity A GREEN LIGHT - that's grossly unfair.

  • doyla66
    doyla66 Saturday, 02 March 2013

    We know someone who did a settlement with their bank which required them to hand over their super as part of the settlement.
    They did so to end their stress and misery. They are greedy and ruthless and will come at any angle to entice you to a settlement in their favour.

  • doyla66
    doyla66 Saturday, 02 March 2013


    THIS IS EXACTLY WHAT HAPPENED TO US $900,000 LOAN & TOP UPS OF $60,000 & $75,000 a total of 1,035,000.
    They valued the proerties at 1,520,000 and we have repaid $400,000 plus $180,000 interest.
    Not a bad little earner is it? total value $2,098,000 a gain of $1,198,000 for an initial loan of $900,000
    We have paid the bank $400,000 plus $180,000 in interest and they intend to repossess the properties as well.
    Westpac broke in and changed the locks on our homw whilst I was out - NO WRIT- i was alerted by a neighbour and returned whilst they were still on site and took possession of the new keys.
    What would CEO Gale Kelly do if I waited until she was out, broke in and said that I thought the place was abandoned because no one was home. What next with the harrassment. She would have had me arrested no doubt.

  • doyla66
    doyla66 Saturday, 02 March 2013

    Genuine and Fictitious Loans.

    ' The Role of Money, p. 62-3, published 1934 — For a loan, if it is a genuine loan, does not make a deposit, because what the borrower gets the lender gives up, and there is no increase in the quantity of money, but only an alteration in the identity of the individual owners of it.

    But if the lender gives up nothing at all what the borrower receives is a new issue of money and the quantity is proportionately increased. So elaborately has the real nature of this ridiculous proceeding been surrounded with confusion by some of the cleverest and most skilful advocates the world has ever known, that it is still something of a mystery to ordinary people, who hold their heads and confess they are unable to understand finance.' It is not intended that they should.

    For Banksters to lose that power, requires education.

    It requires people who do understand how the “money” enslavement system works, to share that knowledge with people who don’t.

  • doyla66
    doyla66 Sunday, 03 March 2013

    Banksters set our loan up as a Line Of Credit. This way, we were getting deeper & deeper into debt using the banks loan money as a buffer.

    The broker, working in cohorts with the CBA advised us to set up the loan this way - now we know why!

    Because of this, we have got deeper & deeper into debt every year over the last 7 years & now we are in default, (unofficially - as the bank wants to keep this quiet), the Commonwealth Bank have now added the arrears of $16,500 back into the overall amount of the loan - so we are now even more in debt!

    Someone in the BANK and/or the brokers falsified our Loan Application Forms AFTER we had signed a sheet of paper to apply for a loan.

    We later found out that there were at least FOUR Loan Applications done - without our knowledge & without our authority!



    I have taken copies of these falsified documents to the POLICE & they have documented them all in a written affadavit.

    The CRIMINAL INVESTIGATIONS BRANCH are now investigating the BANK and the brokers for criminal fraud!

  • doyla66
    doyla66 Sunday, 03 March 2013

    Well I nearly fell over when I found out I had 15 loans in 7 years...I did not know until I joind BFCSA
    I did not receive anything from the bank to state this. The broker stitched me up with
    Buffer loans to allow me to pay of the loans . By the time I realized what happened it was too late.
    My biggest loan was about $395,00.00 the smallest was $50,000.00, she also somehow split loans into two loans
    ...go figure..when I asked for a copy originally I was told the paper work goes to the bank for approval and they will send out a copy of the Approval Contract.
    So if anyone reading this do not under any circumstances borrow or have anything to do with Bendigo Adelaide Bank.. westpac..Firstmac- These banks do not care about their customers, as a matter of fact they will not even bother to contact you, they do not care if you cannot pay off the loan they will just lend you money to do it with.. WHAT A SCAM!!!.... JAIL THE LOT OF THEM LIKE THEY ARE DOING OVERSEAS. THEY DESERVE NOTHING LESS!!!!!

  • doyla66
    doyla66 Sunday, 03 March 2013

    The more i read of peoples experiences the more & more i want these bastards to pay for every crooked, deceiptful ploy they used to sell us loans - they deserve nothing less than to be handcuffed & sent straight to in the same boat 3 loans approved within 3 months back in 2007 on a modest wage & now struggling to met repayments, one of the loans was also set up as a line of credit against our home as a buffer to help with the repayments.

    Anyway we have on our own decided to reduce the repayments to a more comfortable level - the banks accepted the reduced amounts but were not happy still denying any wrong doing & demanding for arrear payments as there were a couple of months we did not pay. we are not gonna be bullied or cornered by these mongerals, we will pay what we can afford...I think Westpac are the worst with Bankwest not far behind....

    Let any criminal charges be laid to those involved, including their credibility to hold a banking license.

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