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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: The ETTAMOGAH PUB: Senate said NO to a Royal Commission into Australian Banksters? Why?

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A Bankster Whistleblower named Kate walked into the outback Ettamogah pub.  A few farmers stood around having a beer after a tough few days. Kate walked over to my table wheeling behind her an old purple airline suitcase: "I believe you need these?"  Over 1000 documents were laid out in piles on the table. Each set of documents came from a different Bankster.  Most emails were generic, electronically fluttering into the email boxes of all members of the Broker Chain across Australia.  No doubt the New Zealand Brokers received similar information.

At least 20% of the emails were of a personal nature from Bank Officers using general happy chatter and sometimes flippant remarks in the ordinary course of their "business."  All were hard at work:  Brokers asking questions of their "BDM's" and the officers responding with a few laughs thrown in.  These were no ordinary emails.....they opened up a Pandora's Box of how our Australian Banking System really conducts itself.

Ettamogah Pub

Kate sat grinning as I poured over the documents, gulping in the magnitude of what they contained, painstakingly highlighted in yellow, every salacious bit.   The dates are always the killer punch for me.  Yes indeed, dates do not lie.....2002 - 2009 and a similar and familiar pattern of Bank Fraud emerges, yet evolves as the Banksters become bolder, greedier and even more outrageous as the pages turned.

Gadens and Kemp Strang were there as a constant reminder of the breathtaking size of the scandal.  They had a lot of explaining to do, but I could hear their defence roaring past the pub in a Big Mack: "we were just lawyers, arranging contracts sending yellow stickers to clients to "sign here," serving writs when the loans collapsed, taking people to court for possession.  That's what lawyers do......just normal everyday solicitor work."

I smiled.  Suddenly another burst of laughter form the blokes having a few jokes a table or two away.  No-one in the Ettamogah would have been aware that the documents we were intensely pouring over could bring down a Government and expose the biggest scandal our country has seen in two centuries   All I could think of was: "Ned Kelly must be rocking and rolling  around in laughter....the greatest bank heist....the bankster robbing the people, and not a cop in sight!"  Documents tell the truth and truth has a delicious way of bubbling to the surface.

Kate had to go: "I will have some more for you in a couple of weeks................"  And, so the trip to the Ettamogah Pub would play out with the discovery of even more hideous emails that even seasoned Brokers had no idea of their significance and I suspect neither did the BDM's.  The Bank Officers thought they were being hired to be a bank officer, but soon realized they were simply hired as sales teams to sell the Bankster products to the unsuspecting Brokers.  The Brokers were taught by the BDM's that they must stay within "the law" but, whose law?  These Banking Institutions had clearly become a law unto themselves.  After a couple of strong Cappuccino's, I headed home.

The trip home had me thinking: "How come all those loans were written up as a maximised 80% LVR?' and, how come everyone's income had been altered to EXACTLY MATCH the intended amount borrowed?"  How did the Brokers know to hype up the income figures and yet also know the Major Banks and 30 other lenders, would approve the loan?  In the case of the Non ADI's, commonly known as  Non Banks, the Government had no regulations to successfully reign  them in or punish them....and the Government knew that.  I had read Reports back to when I had found the first fudged Loan Application Form known as "LAFs" ?

So Kate is saying the Major Banks set up the entire Model.  Specifically the six degrees of separation (see chart on our home page) was enginenered by Banksters to avoid suspicion and hopefully for them, avoid liability.  Profits with zero responsibility, but as Kate explained, she only realized she had been set up after speaking with me the first time.  The Bankster's worst nightmare had arrived.......the unlikely meeting of the respected Consumer Advocate and the Whistle-blower Broker.  Both were comparing notes.

As I arrived home I realised: "By hiding the LAFs from the customers, no-one would ever discover the Banksters' dirty little secret: the sub prime time-bomb ticking away, in the heart of our Australian Banking System."

Kate rang me: "Great to meet you the other week, I have another bundle to drop.... and I can now answer those questions you asked.  I had no idea what those documents really meant.  Now I do.   I will explain about the Service Calculator."  

Me: "What service calculator..?"  Kate:  "You will love what I have found...I had no idea all this would be in my old computer and no idea this was a crime....we were taught by the Bank Officers that we were helping people.  Even the Bank's Economists sent us stuff to assist us with sales so we could advise people about markets and things.  They even called us their "business partners," and BDM's were teaching us about the respectable world of banking, what a joke!"  Jingle bells, !  It was back to the Ettamogah Pub to further my education.

Readers will just have to wait for the next Chapter.

The key question is: which Bank Insider is willing to send me the emails from higher up the Institution framework, instructing the BDM's such things as: "good news you can now do ABN's for a Day and it still falls within our Lending Policy Guidelines. "   No doubt the Bankster Chiefs did not inform the Australian Prudential Regulations Authority ("APRA") about that one, nor the Australian Securities and Investment Commission ("ASIC") .

Merry Christmas........and a very interesting New Year is most certainly guaranteed....Bank On It!.

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Whisteblowers - call me anytime......1000 people about to lose their homes, need your help.

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Comments

  • doyla66
    doyla66 Thursday, 06 December 2012

    WOW.. How good is this ..and to think Firstmac wont take an offer on a property i'm trying to sell saying..
    I am responsible for the debt and shortfall. Nobody can walk way from their debt.
    You bastards got me into this debt on an income $6.101.00.
    I can tell you this Firstmac the only way i can pay the shortfall is with noodles.

  • doyla66
    doyla66 Thursday, 06 December 2012

    Wow this reads like a conspiracy scene from some movie.
    A fantastic read Denise

  • doyla66
    doyla66 Thursday, 06 December 2012

    This is going to bring down the Government. They have known that this systemic banking scam has been going on and they have tried to keep it covered up.
    Why would ALL of the Labor Senators be against a Royal Commission into Banking if they had nothing to hide?
    Now the truth is coming out in hard, documentary evidence. This deliberate banking instigated fraud & corruption must be stopped and the corrupt bankers must go to jail as they can't keep getting away with defrauding the Australian people just to get their obscene profits & bonuses.

    FRAUD = CRIMINAL OFFENCE = PROSECUTION = JAIL = 10-15 YEARS IMPRISONMENT.

  • doyla66
    doyla66 Thursday, 06 December 2012

    Speaking of Pandora's Box - Patricia Thirup has been happily spilling the beans on all things bankster on my blog this and last week - tomorrow it's the forging of Federal Taxation documents - surely that's a crime our Federal Police would be interested in? Cute stuff like the "this is the find of the Century" quoting the taxation officer here, well, maybe there's going to be some more close investigation of all of this stuff? I won't say surely - I would have thought surely things wouldn't have gotten this far in Australia and I surely would have been wrong on that score! If you have the time - make your way over to www.ihatethenab.wordpress.com and feel free to leave a comment - even though I have to approve all comments I approve all but the most vile (trust me on that :) )
    Excellent article Denise :D

  • doyla66
    doyla66 Thursday, 06 December 2012

    Watch the Patricia Thirup story and see if anyone can explain why the Senate Committee doesn't see a need for a Royal Commission? The most obvious explanation is usually the right one, as they say. Mind boggling stuff!

    http://au.news.yahoo.com/today-tonight/consumer/article/-/10268953/TT_Mortgage_fraud_scandal_-_15092011_files/

  • doyla66
    doyla66 Thursday, 06 December 2012

    Let's hope and pray over Christmas that some bank insiders find some conscience and humanity and make contact with Denise to blow the whistle. Thousands of people are going to lose their homes. There have to be SOME bank staff that know what was going on. Couldn't have happened if none of them knew about it.

    To the bank staff with knowledge: STOP thinking about losing your job if you come clean - you have a responsibility as an honest human being to act conscionably and as an Australian citizen, you have a responsibility under the Commonwealth Criminal Code to report a crime if you know of its commission. Failure to report a crime is called aiding and abetting. The penalty for that can be as severe as the penalty for the original crime. Who wants that on their heads?

  • doyla66
    doyla66 Thursday, 06 December 2012

    Excellent work Denise. The chickens are coming home to roost. Time to clip their wings.

  • doyla66
    doyla66 Thursday, 06 December 2012

    Hi Ho Hi Ho it's off to jail we go...good one Denise, I hope they feel the fear they have made us feel.
    Read it twice to make me feel twice as good.
    Might read it again.......

  • doyla66
    doyla66 Thursday, 06 December 2012

    Just wondering...shouldn't the banks Lawyers be running for the Hills.

  • doyla66
    doyla66 Friday, 07 December 2012

    My loans are from 2002- 2009, and the banks have got a hide to say we should have asked for our LAFS.
    When I asked my broker from the onset should I have a copy,her answer was, no these go to the bank for approval,
    once approved they will send you the loan contract.
    NOW WE ALL KNOW WHY...All filled out with lies..

  • doyla66
    doyla66 Friday, 07 December 2012

    These corrupt banksters have sent many people to jail for life. Now it's time for the victims to be let out and the banksters to take their place. I hope you weak Polititions are reading this very true story.If you don't act then you are an accomplice to this crime.

  • doyla66
    doyla66 Friday, 07 December 2012

    When cracks start to appear they can only get wider and wider to reveal more and more curruption.
    Dear banksters you may as well surrender - we've got you covered - surrender now and go in peace.

  • doyla66
    doyla66 Friday, 07 December 2012

    Why can the banksters get away with treating the borrowers as the crimals? Saying this is just how the "system" works is not being tolerated anymore. Knowledge is power. We are no longer "unsophisticated" Mr/ms bankster

  • doyla66
    doyla66 Friday, 07 December 2012

    My Bank Manager said I know I exagerated your income

    Whilst chasing some documents from my old Bank Manager who is now a Mortgage Broker I asked if he could send me some of the documents related to my loan he organised while still a branch manager with the Bank. He responded to me that he could no longer get hold of the documents and due to the fact our claim is now with FOS he was fearlul the Bank he formerly worked for would come chasing him to make him the scape goat. I explained to him he was always going to be the scape goat the minute he left the Bank to become a broker because that is how the whole FRAUD works. I said to him you are implicated by the fact that you falsified our income which is something that we only found out one we received our LAF along with exagerating our assets to improve our lend. He went on to tell me he only did that because WE wanted the loan and I then responded to him that we only wanted the loan if it was AFFORDABLE,he still didnt get it and pleaded his case that it was done to get approved and the figures were done to get it across the line. When I went on to suggest that we had been made to fit the loan and not the loan made to fit us he said YES I said to him does that seem right to you he said yeh if you wanted the property. I asked him if all the Bank Managers were trained by the KGB and if so is brain washing still legal, he didnt seem to get it they are a different breed so maybe they dont KNOW they just DO.

  • doyla66
    doyla66 Friday, 07 December 2012

    Macca..will your ex bank manager consider being a whistle blower? He sounds worried!

  • doyla66
    doyla66 Friday, 07 December 2012

    THANKS TO KATE for whistle blowing.

  • doyla66
    doyla66 Friday, 07 December 2012

    I dont know he's that brave

    Hi Winner I really dont know I do however know that he is [email protected] himself as to where it leaves his situation I think he was hoping I would say I wont go to FOS if it helps keep him safe. I really dont think these guys completely knew just the situation they had put themselves into. Do you remember that shock realisation feeling you had when you first worked out you had been comletely conned, well I reckon that is the feeling he has right now. I think maybe in a week or so when it has all sunk in we might have a chance of getting him to look at it in a different light. Right now for me I hold no fear of where this is taking myself and my family but he now has the the whole feelings spectrum to get through that we have all been through knowing everything is on the line. I already know what my truth is he now has to deal with his KHAMA.

  • doyla66
    doyla66 Friday, 07 December 2012

    As the High Court of Australia handed down its dicision in 2012 with respect to imprudent financial loan Instruments the banksters have each all hidden behind (The Federal Constitution & all seven (7) State Constitutions) .
    Yet our State & Federal Governments have failed to protect all the Sovereign Men, Women & Children of our great Nation : pursuant to the Great CONSTITUTION found anywhere-else in the World ..................... is The 1901 Australian Commonwealth Constitution; is in Place to protect all Australians as discribed in It. Section 109 prohibits all The Fraud currently conducted by all levels of Governments, & Multi National Corporate Companies alike .
    The time is now for all Men, Women & Children to Stand United as One, to protect each other as Bro's in Arms
    And:
    Maintain the LAW of The Land (Common Law) is our protection, Its our Right, Its our Law as Written in The Magna Carta.
    Bothers & Sisters alike we stand, shoulder to Shoulder, back to Back as we are all (1) , and as One we protect each others Common Law Rights, to Freedom, Justice, as universal humans .
    Stress Free with Love, Peace, Honour & may we all walk in good Health together as One . . . . ? robbie

  • doyla66
    doyla66 Sunday, 09 December 2012

    Every one whom has been a bank victim or is about to become one, have a good look around your "better off" suburbs in your capital cities, and see how many new and renovated homes belong to bank officers. Start looking at holiday destinations along the coast and see how many belong to these bank officers. They do not give a damn about what they are doing because they are well trained at their craft, they have no morals, conscience,dignity and all they see , are the commissions at the end of the month. They now the system is baised towards the entity they work for,and well know the fortified legal departments mop up behind them. When they walk in church, they justify their actions as carrying out orders, some what like war criminals who's defence is always that they were following orders. They are trained to insulate them selves from the events and to be inpartial and not to feel guilty because after all we are the ones asking for the loans!!
    Every one whom is a victim and to potential victims, FACE THE TRUTH, the system can only be changed with political willingness. The current or the alternative government will not touch the banks, expecially with the economy being so volatile now and the near future. They need the banks to grow the economy and huge hits will decimate their share price. Look at the volume of bank shares traded every day and you will understand why they are untouchables. The only way will be to have elected members in government at both levels so that the laws can be changed and banking will no longer look like the wild west.

  • doyla66
    doyla66 Monday, 10 December 2012

    OK, OK, SO ALL THE BOYS ARE RUBBING SHOULDERS!

    Good on you Denise, Kate. This is fantastic power of the people....at last the power is in truth.
    Interesting, I am still trying to get someone in ERSB/FOS and ING to do something about giving me the last dribble of my superannuation in order to pay mortgage arrears. ERSB refuse to process my application without the final default notice, which I didn't receive before my mortgage account was place in legal proceedings; ING DIRECT refuse to send the default notice to either myself or ERSB because of the FOS complaint (smacks of blackmail).....so everyone is in a frozen standoff, with no-one returning my calls and everyone who speaks to me (I have had approx. 7 conversations at least, with all departments)...everyone who speaks to me informs me that
    their deparment doesn't have the power to do anything about it. My question is this....FOS/BANKING OMBUDSMAN is set up to protect the people from the unethical behaviour of banks....why then, can't they touch them! This statement came from a FOS employee today in one of my calls when I asked him the above question....he said that they don't have the power to go against the bank's legislation!! What an absolute sham....and you have told us this so many times Denise but to hear them quote their robotic answer in all conviction that Big Brother Bank is right, is so pathetic and mindless!....and so on it goes, no answers, all frozen!

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