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
728058

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

BFCSA: What price a brokers silence Mr Narev? White Collar Crime pays and David Murray can't wait to get started on attacking consumers

Posted by on in Bankers A Law Unto Themselves
  • Font size: Larger Smaller
  • Hits: 2279
  • 5 Comments
  • Print

Dear Members

After reading Denise's blog on Ian Narev it brought to mind an old saying " two faced". He has in his mind this image where the public think the banksters sole purpose is to look after the valued customer" GET REAL IAN even we mere mortals know a bank is a business like any other and has to make a profit to survive.

CBA and all the other greedy banksters weren't content with making healthy profits in a market which they dominated, no! greed gave way to good business sense and the bankster engineers and low life lawyers devised a scheme to rob societies most vulnerable.

Ian states a few rogue advisers tarnished CBA's reputation, I think not. CBA has a long history of bad press. Why have the brokers involved like Don Nguyen been silent? Why did they opt to be the scape-goats thus having their careers and reputations ruined? It would seem logical to pay half a dozen individuals handsomely for their silence than to compensate investors who litigate plus all the legal fee's. There are two sides to Ian Narev, the public side where he comes across on the consumers side and then there is the dark side where he will resort to any tactic to save the good ship CBA.

To show how out of touch he is, he  stated that John Symonds from Aussie home loans has high and ethical standards which he hopes to emulate as CBA eventually takes full control of Aussie.

Ian must be over the moon since the appointment of David Murray to the helm of the roots and branch investigation into the banks, I wonder if he speed dialed Joe Hockey to confirm that was a prudent decision? What about the silent CBA former advisers, will they be called to give evidence or are they all overseas living the good life thanks to CBA's slush fund for their silence?

One day Ian, you  and all your bankster mates will be exposed for what you are, unfortunately white collar crime doesn't carry the stigma it should and I think most of the banksters would wear it as a badge of honour but your day will come and BFCSA will be there to witness it. Thanks Neil T.

Last modified on
Rate this blog entry:

Comments

  • doyla66
    doyla66 Saturday, 30 November 2013

    I'm with you Neil. These brokers would be silenced with payouts for that silence. Why would you want to be buried and go quietly. Not really logical is it. You would think that this broker would squeal like a stuck pig. Man am I old fashioned. !!!! These corny old sayings I keep bringing out of the dark really put an old age tag on me. !!!~! Another depraved act by the lenders. There apparently is no end to their wretchedness.

  • doyla66
    doyla66 Monday, 02 December 2013

    Lets not forget the verification process

    Even though Nguyen and the few rogue brokers as they the banks are calling them did do some crooked dealing how did the broker model break down. The guarantee from banks when they set up to use brokers to go out and find new customers was that the paperwork would have to be matched and approved via the aggregator. How did this step in the lend get missed it was fool proof that's what the banks told the regulatory authority's at the time. You allow us to regulate our own industry and we will put steps in place to keep it better than honest they told Government. A three way checking system Broker writes up the customer offer and collects all relevant information, forward to the Bank via the faxed copy, Bank assesses the application both sets of paperwork are forwarded to the Aggregator and verified, loan approved. How did this slip the net with the so called rogue brokers or was everything just approved by the banks and only when you get caught do they become the rogue broker. The verification process was supposed to make it infallible but we all know as victims of the fraud all low doc, no doc loans were a lie.

  • doyla66
    doyla66 Tuesday, 03 December 2013

    What you have blogged Tony is spot on. Just how did these fraudulent loans get past the lenders.? Only one way, the Lenders in on the game. Eazy peazi for the banksters. I know Nab in our case never verified anything only the fact that the BROKER was a great guy and creditable. Only thing is he did not have any accreditation.!!! Say what!!! Yep, no accreditation. The Broker still managed to get his snout in the trough though. Commission!!!! Nab did not make contact with us during the loan assessment. !!!! One thing I remember being asked by the judge in court was "Did you want the loan" Yeh sure we wanted a fraudulently assessed loan provided, which we were never going to be able to pay" We the suckers had no idea what Nab were up to behind closed doors. We believed in the Nab's integrity and honesty and Nab's ability to assess a Broker Loan Application. WE were country hicks taken advantage of by city banksters, some 350 kilometres away. What do they say "Out of sight out of mind" To late we found out the Nab fraud which went into providing this so called honestly assessed loan. WE now have no home. Nice Touch Nab. !!! Same old Nab, same old bad reputation!!!!!~

  • doyla66
    doyla66 Friday, 06 December 2013

    You Banksters all got your wish

    Our Aussie Banksters got their wish to be self regulating and look how they used it. Cheating good for nothing blatant crooks, how dare you try to shift the blame, the Brokers were part of your master plan. You cant blame the Brokers remember you wanted self regulation and it was your job "BANKS" to verify the details thats how it was to work, no point shifting goal posts once the score is on the board. You sent the Brokers out to find the business, you taught them the system, you approved EVERY loan no matter the fit and then you paid the big commissions (initial signing and trailing) to keep the Brokers more than interested. The Brokers must have been LAFing at just how easy it all was write anything you like, make the client anything you want them to be, one large size loan fits all (in fact SUPERSIZE ME) that will get the commissions up for this month and HEY PRESTO just like MAGIC all loans APPROVED. Now with our treasurer bringing in old Bankster mates to cover up the bodies of a mass financial slaughter of decent people will Mr Murray send the Brokers to the gallows for the dreadful crimes they committed as a cover-up for the real culprits, the CEO of the Banks. My bet is on option one, the Brokers will be made scapegoats and the location of the real crime will be well covered by Mr Murray and associates in a million tonnes of RED TAPE, the truth hidden forever. Your real opportunity is now Brokers to come clean and point the finger back squarely at the real perpetrators THE BANKS. Submissions are still being taken by the Senators for the REAL INVESTIGATION into Banking and Finance the one that JOE HOCKEY has commissioned is a Mickey Mouse affair set up by Banksters for the betterment of Banksters. Of course Brokers do not fool yourselves and think that you are going to be protected by the Banksters you will be thrown to the wolves as I have already witnessed in my FOS case. The response from the Bank is the Broker wrote up the loan application so its his responsibility, my response to that was that you are supposed to verify it so where is your process in a self regulating (as banks wanted) industry. Protect yourselves now Brokers and write in as whistleblowers to the Senators, we know it takes massive amounts of guts to do it but if you don't your future will be as bleak as ours once was before the Senators stood up and said enough is enough.

  • Denise
    Denise Friday, 06 December 2013

    If every Broker became whistleblower and tipped the bucket on the service calculator and the BDMs, the Royal Commission into Banks would be announced the following day. They need courage. Borrowers joining forces with Brokers is what the Banks fear the most
    [email protected]

Leave your comment

Guest Friday, 14 August 2020