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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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NAB: Mark Joiner refers to 'Unloved and Unwashed"

Posted by on in COURTS & LEGALS
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NAB is having so many problems...  

And now they have to pay $100,000,000 to settle a class action, prompting investors to again retreat from the group. 

National Australia Bank finance Director Mark Joiners's recent comments aren't helping.  Mark's comments perhaps sums up NAB's attitude to their customers: "NAB has been growing quite strongly in mortgages and APRA shows up quite often to check we are not taking on the unloved and unwashed in our portfolio."   But I guess it doesn't matter if you take on the 'unfinancial'... Hey, why not just add 'stupid and gullible' in there, to really set the tone, Mark.

One of the things that I think is so shocking to all of us who have now woken up, is this attitude that runs through the whole executive management of the banks and lenders... Untouchable, elitist and dismissive.   I think that if they start to look around they'll notice that the fish rots from the head down and it is time that the executives took responsibility for their own actions and the disaster they have 'bestowed' on the 'unfinancial'.  

Banksters, one and all, you are on Notice.  Stop blaming others, stop making excuses and stop denying that you have promoted a deliberate campaign of entrapment, not only in the Low Doc and No Doc loans, but in full doc loans.   All you need to do is inspect the hundreds of LAF's Denise has, to see the blatant fraud in the documents.  Whiteout, three different sets of handwriting, financial figures not matching tax returns and groups certificates ETC!!!  The evidence is there, undeniable and indisputable, and no amount of lying and harassment by lawyers and vultures like Gadens can whitewash it.  But you know all this already don't you....

Our loans have all been securitised as well, meaning you've turned the carrot into carrot juice and all the loans that have been converted into stock can never be reconstituted again.  They are irrevocably changed and you have lost your rights as a 'real party of interest' by separating the Title from the Promissory Note.  It is not that hard to understand, not even for the "unloved and unwashed"!  Why do you think there are so many investor class actions starting to be brought against you?  Non-affordability means people default!!  People who default can't pay, and because you are using those mortgage payments as the income for your investors, you are not paying your investors (mind you, you are keeping the 'management and service' fees for the RMBS's aren't you), so you've brought all this upon yourselves!  There is no-one else you can blame but yourselves!  

Tch Tch Tch...  The bubble has burst and we know the truth.  All that has to happen now is for all you banksters to commence acting from a place of honour instead of dishonour and initiate an honourable and immediate remedy for all the "unloved and unwashed".  Pay particular attention to points 4 and 9 of Denise's blog http://bfcsa.com.au/index.php/entry/bfcsa-settlement-with-banksters-our-rules.  From there, maybe you can begin the arduous task of rebuilding your individual reputations and reduce "the deficit of trust" as Wayne Swan put it.  

A Royal Commission is the only way the truth will come out.  Australian's deserve the truth now.

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Comments

  • doyla66
    doyla66 Monday, 12 November 2012

    In my opinion bank executives should either write off their fraudulent loans or they should be hung by their necks.

  • doyla66
    doyla66 Tuesday, 13 November 2012

    Joiner is too much like the US Banksters for Australia tastes.
    He may live to regret his words as the switched on Australian media have very long memories!
    Mouthing off like that has cost him millions in support from ordinary Australians.
    He has fallen from all forms of favour.
    The real world is becoming a different place, Mark Joiner - you should visit sometime, if you're game.

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