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BFCSA
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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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Senate hearings , venue and dates last minute but BFCSA resolve to go the distance to achieve justice.

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Dear members

First and foremost the Senate hearings into ASIC have been known about for some time , it just seems incomprehensible why it was left so late to book a venue or confirm dates. I realise the  election and its run up caused many issues so I don't know whether its bad timing, bad planning or a deliberate act to shield ASIC from the"mob" who gather to voice their protests at ASIC  performance.

To give people less than a weeks notice of proceedings is very inconsiderate, Denise for example has to up stumps from country W.A. If Greg Medcraft is appearing how much notice did he get considering his busy schedule at IOSCO and ASIC? If there were any motives to dampen BFCSA attendance and numbers its failed because we will be represented and Denise will be our voice loud and proud. Short notice of the hearings might diminish the numbers attending to a few but come hell or high water we won't be thwarted in our attempts to attend. We have a grandchild due any day but we are going because its that important and already affects that unborn childs future.

Members( God I sound like an old shop steward from the sixties) we have less than six days to put our collective heads together to come up with ideas to voice our trials and tribulations and to expose to the local media and hopefully then world media what the BANKSTER BASTARDS have deliberately engineered and put into practice to defraud vulnerable Australians of their basic birthright:  a family home.

Its with horror and by coincidence that yesterday I tuned into Christine Amanpour on CNN, the article dealt with climate change and to my astonishment they signalled out Tony Abbott and made him out to be a Neandathal because of the way he and the Coalition regard climate change, they are behind the rest of the world in their thinking according  to CNN.

Climate change Is not the only thing the Coalition is behind on. The rest of the world have brought their banksters to account and are now trying to move on and until Australia embraces this move we will never get the country back on to an even keel.In Australia the banksters are so dominant and powerful that even when they lose a court case to a consumer that they still deny any wrong doing and are only paying out under duress from the courts. Like a naughty child they go into a corner to sulk and plan their revenge.The banksters have to be shown they are neither above or exempt from the rules and like eveyone else in this country that if you break the rules the police and not ASIC will come knocking.

We intend to be in Sydney for the hearings and the fact accommodation and parking close to the venue will be a challenge it won't daunt us. I intend to have a few copies of our LAF's just in case any media are interested, I don't know why but the overseas media, BBC, CNN and the Asian business media always seem to pick up on our local problems, here's hoping.The faƧt we have many individual horror stories of bankster injustice and how they let the lawyer hounds loose to intimidate and harass ordinary Australians should be made public loud and clear.

With all the forthcoming closures in the motor industry and the fact that a lot of people are facing the prospect of losing their jobs BFCSA has to sound the alarm bells. If you approach your bankster on hardship grounds they will bleed you of every last cent and you will end up like us fighting the banksters with no government assistance. Union thuggery is playground stuff compared to what the banksters and their henchmen lawyers will resort to.

Susans and Nabbed Nannas stories should be cited and exposed to demonstrate the banksters tactics. I don't wish to cause pain or anguish but those facing future unemployment who have mortgages ,will the government offer you assistance or leave you to your fate at the hands of the banksters? Will the kind and understanding banksters offer you extensions or buffers on your mortgage and maybe just maybe an extra credit card to tide you over till things improve

This is another aspect the good Senators have to be made aware of, the bankster vultures are circling with the prospect of all these new carcasses to feed off and to top it off their mates in government who love the banksters helped facilitate this for them. Thanks Neil T.

 

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  • doyla66
    doyla66 Wednesday, 12 February 2014

    I've been wondering when the Senate hearing into ASIC was going to be. I joined a group of BFCSAers in Canberra in August of 2012 when Denise very clearly presented the evidence re predatory lending, and had hoped to support the cause again. However, it doesn't look like I'll be able to make it. :( My 93 year old mother is hovering near death.

    But please, those who can, go. It'll be fun meeting others BFCSAers. You'll meet Denise too. You'll be giving a show of strength. You'll be representing the rest of us. And you'll be telling the world that it's time the man on the street got some justice.

    Oh, and congrats to Neil with the pending birth of a grandchild. :)

  • doyla66
    doyla66 Thursday, 13 February 2014

    Why all the business closures

    It seems quite ironic that the economy is just on the edge of collapse right at the time our Senators are on the very cusp of investigating our regulators of our banking and finance industries. The only growth industry in this country at present is banking and yet all other industries are trading status quo or in decline. We no longer produce anything and we are totally reliant on the fact that we are a resources rich land. Our vision forward is less than limited it is in fact non existent, no new projects of note, no intention to embark on a new vision for industry eg: a whole new agricultural investment with our mineral rich soils we could feed the world, but alas NO. We as the apathetic country we have become would rather watch someone else take the lead or even buy our land and make it work in their favour then sell it back to us. The glory days of the mining boom are over and the theory by all the speculators that iron ore and gold etc would take us into the next century in planet ruling shape are a thing of the past. Finally our automotive industry all but collapsed overnight as we allowed globalisation to gobble up our own homemade products for them to be replaced by the products sent back to us from the raw materials we had supplied them. Although we do not display any form of forward vision there is one standout industry YES you guessed it "BANKING" why is it that our Banking Industry is the most profitable "in the WORLD" well that is quite simply because they are allowed to be. You might wonder what that means "they are allowed to be" well quite simply put our regulators do not make them play by the rules and if they find an avenue which returns better than usual profits they exploit it. Yes yet again you have guessed right they in fact can and do make their own set of rules as they go, just like a little kid cheating at monopoly when things don't go their way they storm off to their bedroom. Well it is high time that brat kid got his bum smacked.

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