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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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Transparency? Not from 3 wise monkeys: ASIC, APRA and RBA

Posted by on in Political Blindness
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I'm wondering how many of our political representatives, people in regulatory organisations, key personnel in industry representative groups and superannuation funds have invested in Residential Mortgage Backed Securities? Or banks? 

How would most people know where their money was invested when they give it to a fund manager, MIS or superfund scheme? 

It would stand to reason that people in powerful positions could be influenced by their investments and self-interest. 

Is it possible that any of them received RMSB investments as 'gifts' from the banks?

Is it possible that any of them have no idea, forgot to look or failed to declare their or their company's, family's, trust's investments in RMBS?  

I understand there is a register of the assets and investments held by our parliamentarians. Does anyone know where to find it? Is this open for public viewing? 

How does this essential area of transparency and governance operate in Australia? 

Will the incorporation of Australia significantly alter personal liability of individuals who have a vested interest in keeping the silence and even turning away the long-suffering homeowners sent like sacrificial lambs to the Bank altars through the malpractice of our Law? 

Is it just ignorance or indifference or corruption that makes our leaders indifferent to the suffering of individuals and unwilling to act appropriately?

Or is it fear?

Speak up and allow all Australians the security of knowing that we have honest, decent, capable, fearless representation at the level of Federal politics. 

We need to know who to vote for in future. 

Thanks to @Mav2k12 for the picture :)

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  • doyla66
    doyla66 Tuesday, 04 September 2012

    I laughed quite a lot at that picture - it is simply terrific - says it all doesn't it :D

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