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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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Who runs (or ruins) ASIC performance?

Posted by on in Corrupt Regulators
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This is a piece of the puzzle: Who Runs (or Ruins) ASIC ... 

http://www.aph.gov.au/Parliamentary_Business/Committees/Senate_Committees?url=corporations_ctte/asic/asic_2012_2_Aug/index.htm  

Is Greg Medcraft really to blame for ASICs poor performance - or is he the scapegoat for political influence resulting from lobbyists and other self-interested parties? 

ASIC had the powers but didn't use them - why?

ASIC had been around for many years under other Chairmen and had been even less effective - why? 

Where is the list of donations to political parties and the list of meetings and lunches with large corporations and self-interested parties? 

Look behind the regulatory facades and you will find corruption and enmeshment involving politicians, unions, regulators, senior government managers, overseas interests: the less obvious side of "business as usual" in Canberra.

Politicians complain that Australians have "disengaged" with Australian politics. What they really mean is Australians seems to be less interested in the spruiking from the major parties as they see it as pointless if the communication and action is only going one way. Australians are less likely to join or involve themselves in the old political parties because voters feel their strongly voiced opinions have been ignored between the elections. 

Watch what some politicians do when we turn the spotlight on their performances!

Australians have long turned a blind eye to the corruption inherent in the way things have always been done in Canberra. 

BFCSA members and others don't accept this any longer. 

BFCSA are stimulating consumer interest in Australian politics as a vehicle for real change. 

PLEASE SUPPORT ANY INITIATIVE FROM BFCSA TO CLEAN UP OUR BANK, FINANCIAL OR ANY OTHER SECTOR IN AUSTRALIA. 

BFCSA HAVE THE INTERESTS OF AVERAGE AUSSIES AT HEART - LOOK FOR THE EVIDENCE

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Comments

  • doyla66
    doyla66 Friday, 05 October 2012

    I could not agree more with you Lisa. A good write up.

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