GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

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.

Visitors

Articles View Hits
751384

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Lee Doyle

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.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

RBA will come to rescue: Australian Banks too big to fail?

Posted by on in BANKSTERS
  • Font size: Larger Smaller
  • Hits: 2804
  • 4 Comments
  • Print

I was reading this article (link below at end) & was particularly concerned/apalled at one paragraph:

"Variant says the Reserve Bank will come to the rescue of the big four Australian banks in a crisis because they are too important to fail."

Is this why our banks treat us plebs (aka 'customers') with so much disdain & utter arrogance? The same attitude they displayed/presented/portrayed to the recent Senate Inquiry & those preceding inquiries? They believe they are too big too fail therefore they are above ALL laws in this unlucky country of ours?

The next paragraph is quoting an Australian Analyst's perspective. I think she is caught up in the banks' hype & has not got a good grip on what is occurring in her own backyard so to speak.

Then in her final paragraph this statement is made: "She noted that Australian banks were extremely profitable and now far less dependent on overseas markets for funding."

Ummmm, run that past me again . . . .  that is certainly NOT what those bankster keep telling the politician's or the RBA in this country as to their reasons for keeping rates at 'x' %.

http://www.businessday.com.au/business/warning-after-boom-itll-be-dutch-and-go-20120829-2510q.html

Last modified on
Rate this blog entry:

Comments

  • doyla66
    doyla66 Thursday, 30 August 2012

    What a great find LMehan! Thank you! The more information we can uncover and bring to the forefront, the less power these people have to run roughshod over us and rip us off individually or as a nation. It is ALWAYS the taxpayers' money they use, so if there is ever a hint that the RBA (which is just a private corporation anyway, and NOT a Commonwealth govt department - and who are currently embroiled in a bribery scandal themselves!!) would use taxpayers money, then we are now aware and have the capacity to STOP them in their tracks!

    Henry Ford (American Businessman 1863 - 1947) said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

  • doyla66
    doyla66 Thursday, 30 August 2012

    I love your quote from Henry STM.

  • doyla66
    doyla66 Friday, 31 August 2012

    The banks often like to peddle the illusion of poverty. I recall ANZ complaining about their "tight lending margins" earlier this year and receiving sympathy from politicians. Then after the RBA rate decrease the politicians denied the bank's tight margins were the reason for it. Then the politicians were caught out because someone in the media said that was the reason. Then the politicians denied they had any influence on the RBA rate cuts... then that was found out as well .... The usual argy bargy. It would save a lot of confusion if politicians told the truth in the first place, but it would reduce their mentions in the media. This is possibly their way of showing that they're doing something, even if it's totally wrong and stupid.
    A good government is like a good stock exchange - I don't have to hear about it repeatedly on the news because everything is working smoothly. All this apparent media fascination with the Euro, Hang Seng, Nasdaq - at breakfast?? It's just another part of the banking heist of our lives.
    No, I don't feel sorry for the banks in the slightest. They're just plain greedy. And if their major shareholders are giving them a rough time they should have thought about all the consequences before getting into close relations with the overseas banks. Short sighted and delusional and listening to economists. Oh dear.

  • doyla66
    doyla66 Wednesday, 12 September 2012

    Bankster Pranksters

    Once the veil is lifted of how the banks create money out of thin air,
    and make hundreds of % profit on their computer entries, we go ahead
    and CONTRACT WITH THEM! We want a home and they provide the computer
    entries, and do the chasing up and enforcement to get the interest,
    fees and charges. What we need to do is CHANGE THE WAY WE DO BUSINESS
    WITH THEM. 1. Change the mortgage contract to suit us! Yay, what a novel
    approach! Do we counter offer? NO, we just WANT THAT PROPERTY. So contracts
    bind us to their conditions so let us promote that v. important aspect to
    keep the bankster pranksters under control.

Leave your comment

Guest Thursday, 29 October 2020