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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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Sadistic ANZ cause more pain and misery.

Posted by on in Bankers A Law Unto Themselves
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Dear members

Please explain to me what is the definition of a responsible business? If you are making record profits year on year while the rest of the  world are buckling under austerity, little or no economic growth and high unemployment, why would you decide to cut more jobs, well ANZ have. If your a CEO on ten million dollars a year managing a company making record profits how can you justify axing jobs.

The Labor party are running this election campaign with jobs being one of their priorities, well if ANZ want to cut Aussie jobs then take away the taxpayer guarantee the government promises to bail the banks if they stuff up from bad business practices. 

The manufactoring base is dying in Australia, we cannot compete in the real world against  overseas workers on less than two dollars an hour, however we can compete by the value added route. We have a wealth of talent that is being wasted in this country and that knowledge could be put to good use developing new industries and products.

Its time the banksters put up or shut up. Its time the banksters start putting money back into the country and stop sending jobs offshore. The banksters have been living off the fat of the lamb for to long, if they can employ smart economists and accountants to hide money offshore or shuffle it around to minimise tax then its time they invest in the country that has produced record profits for them.

As victims of no doc, low doc and full doc fraud and most of us being ARIP's, the banksters had no scruples targeting us so you can imagine what elaborate schemes they have employed to defraud the country. It absolutely galls me to think that after what the banksters have done to us that we have to guarantee their funds to make sure they don't fail. If the banks invest in the country then they are also investing in their own futures. The banks employ people to find where the best banking opportunities are around the world, if these people could target business opportunities for industry then the banks could invest in setting up the infrastructure here and we no damn well whatever party is in power that they would offer massive incentives to banks to do so just for the flow on effect for job creation, but then again we are only dumb voters and we have to leave it to the pollies because they understand how things work and they are there to protect us from using our vastly inferior intellects.Thanks Neil T.

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  • doyla66
    doyla66 Monday, 27 May 2013

    EXACTLY.. Well said Neil

  • doyla66
    doyla66 Monday, 27 May 2013

    You're so right, Neil.
    I just have an issue with the notion of superior intellects running this country -- I trust that was written tongue in cheek :)
    Sometimes I get the impression that the Banks are seeing how much they can get away with.
    It makes the government look bad too, permitting the many forms of anti-Australian and sociopathic behaviours exhibited by what used to be our Banks. The Banks and other large corporations are obviously exploiting the loopholes in our tax system. Why else would they be going to the trouble of setting up alternate companies in the other parts of the world where is it known that they can reduce their taxable income? Honest and decent taxpayers all over Australia should be up in arms over this revelation!
    No doubt the Banks and corporates that are flouting the Law, avoiding tax, sacking Aussie workers, rewarding misconduct and denigrating, demoralising and robbing ARIPs of their family homes are looking forward to the Opposition becoming the government in the belief that they will have a corporate friendly bunch in power who will maintain the bank status quo. Does the Opposition feel ready yet to pledge their support for decent Australians over their party funding corporate interests?
    Both major parties contributed to the lax tax situation and the transition of our banks to Banksters.
    Both major parties will be held accountable.
    The one common thread through all this is that political and corporate power brokers all keep forgetting one very important fact: people power can seriously shock everyone on election day if they are sufficiently ticked off with the mainstream parties. :D

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