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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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Wily banksters: "Until we put a CEO in jail ~ bank barons will never learn a lesson"

Posted by on in From My Window
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Perverting the Course of Justice is a bankster CEO's specialty ~ surrounded by Gaden Lawyer' "bodyguards", to ensure the "king maker" of bankster fraud is protected from the long-arm of the law, sent off to "Picnic Race Days" as the ill-gotten gains roll-in by the 1000's of defrauded "home~loads".

"Until we put a CEO in jail, the banking barons will never learn their lesson. To foreclose on someone's home, an authorized bank employee must sign the foreclosure document, swearing that the facts in it are true. But that requires hiring people to review each case. To avoid that cost, they[banksters] take an illegal shortcut by signing the name of someone who has not read the document and might not even exist."

America's Illegal Foreclosure Epidemic

[15 August 201]
 
By Jim HightowerOther Words | Op-Ed
 

Two-year-olds often go running around the house too wildly and crash into something. They get an "ouchie" and fall down crying, but they learn from it.

That's the virtue of the "ouchie" that Bank of America, Goldman Sachs, JPMorgan Chase, Wells Fargo, and other big financiers got last year when they ran into the law after racing wildly through home foreclosure paperwork. They were caught falsifying thousands of documents and taking illegal shortcuts that were causing innocent families to lose their homes. They had to pay fines, make restitution, suspend foreclosures, and pledge to clean up their act. But at least they learned their lesson.

 

Oh, wait — these aren't two-year-olds. They are wily bankers, and the only lesson they ever seem to learn is that shortcuts can be profitable — as long as you don't get caught. But, once again, they've been caught rushing through foreclosures, using the same old scam called "robo-signing."

 

To foreclose on someone's home, an authorized bank employee must sign the foreclosure document, swearing that the facts in it are true. But that requires hiring people to review each case. To avoid that cost, they take an illegal shortcut by signing the name of someone who has not read the document and might not even exist.

 

In one Massachusetts county, for example, the signature of "Linda Green" has recently appeared on some 1,300 foreclosures. Curiously, her signature was written in many different styles, and she had many different titles. Also, there's no Linda Green presently working in the mortgage banking company involved.

 

Meanwhile, state officials say that robo-signing is, once again, "an epidemic" all across the country.

It's a federal crime to do this, yet no bank or banker has even been charged. Until we put a CEO in jail, the banking barons will never learn their lesson.

 

JIM HIGHTOWER

National radio commentator, writer, public speaker, and author of the book, Swim Against The Current: Even A Dead Fish Can Go With The Flow, Jim Hightower has spent three decades battling the Powers That Be on behalf of the Powers That Ought To Be - consumers, working families, environmentalists, small businesses, and just-plain-folks.

RELATED STORIES

Beyond Foreclosuregate - It Gets Uglier
By Michael Collins, Daily Censored | News Analysis
Bank Errors Continue to Cause Wrongful Foreclosures
By Paul Kiel, ProPublica | Report
 
 
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  • doyla66
    doyla66 Monday, 08 October 2012

    Not only put them in jail but publicly tell the truth about what they actually did to deserve that punishment, without white washing by their government, regulatory and judiciary mates.
    And it needs to be more than one bankster, more than a symbolic gesture to frighten them.
    Another part of the process that would enable the law enforcers to do this more quickly would be to speed up the through put of fraud loan resolution and borrower restitution .
    By making this process as hard as they can for the BFCSA or anyone who ends up in the Australian Courts our Government is aiding and abetting the criminals and may even be allowing them to get off scott free while the borrowers pay, and pay, and pay.
    Remember this is the Government who didn't want the SENATE INQUIRY, hasn't called the ROYAL COMMISSION yet and doesn't assist the BFCSA with any form of funding.
    Not good enough, Australian Government - or the deadwood opposition and "Independents". Not by a long shot.
    Wake up and smell the coffee - this LOAN FRAUD is real in Australia as well.
    Fraud doesn't need more than one case to become a crime: FRAUD IS CRIME.
    Stop looking for excuses and backroom solutions.
    The Australian people have a taste for honesty, authenticity and accountability - that includes our politicians, our public service, our financial sector.
    Public outing of cover ups is good for media circulation and popular with the people. It reassures the public that someone is watching out for their interests, has heard their complaints and is gutsy enough to do something real about it!
    BFCSA and the Australian Media will be watching what our Government decides to do with interest.
    Will they do the right thing by the Australian people and enforce the Law with our Banksters, regulators and other public servants now?

    ROYAL COMMISSION INTO BANKING - WIDE TERMS OF REFERENCE

  • doyla66
    doyla66 Monday, 08 October 2012

    Banksters intentionally harm & engage in wrongful behavior designed to take property, credit ratings & their dignity from consumers.

  • doyla66
    doyla66 Monday, 08 October 2012

    Our parents have also been caught up in this Loan Fraud by perpetrated by the Commonwealth Bank/ Mortgage Choice & AFG Brokers. The bank CEO's need to be arrested & jailed for their despicable crimes.

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