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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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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.

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Subscribe to this list via RSS Blog posts tagged in ASIC Contempt of Parliament
The fisherman caught out by the low-doc loan DateMarch 13, 2014 - 1:29PM 43 reading now Read later Su-Lin Tan and Michael West   inShare submit to reddit "I am in a desperate situation now": Graham Filmer has fielded four letters from the Commonwealth Bank, which is trying to repossess his home. Photo: Supplied Graham Filmer used to earn a living 30 kilometres off the coast of Corny Point in South Australia long-line fishing for sharks – mostly bronze whalers, gummies and schoolies – and catching snapper. It was a hard life. Things had been better years before when he still had a licence to catch rock lobsters. The deep sea fishing took its toll on Filmer, physically. Five years ago, he developed rheumatoid arthritis in both wrists. Now he can't even reel in a hand-line. The boat Graham Filmer was forced to sell. Photo: Supplied Around the same time he was inveigled into...
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  • doyla66
    doyla66 says #
    Do you know that the fraudsters will have the cheek to say by giving you all this extra money. "We were helping you" Thats a good
  • doyla66
    doyla66 says #
    Yes we know the broker is the agent, we get that bit ..but at the final hour the banks approved 100's of 1000's of dollars to peop
  • doyla66
    doyla66 says #
    Yes indeed it is still happening. My loans are 2011 and 2012 And I defaulted in 2013 And $40k run up on credit cars to stop the s
  • doyla66
    doyla66 says #
    The customer/borrower relies on the bank to do the right thing... what CBA is telling Graham is exactly what all the banks are tel
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 36% of these loans were written by Bank Officers and Managers - no Broker involved.  We are sick of ASIC covering up for their banker mates and saying "the Butler Brokers did it!!!!"  Neil T writes – “Paul emailed me back, to my gratitude and said  he wasn't aware of any emails from BFCSA members  If you want us to look at this we will need some specific details but initially keep it short.’ Alan Jones Production manager reckons in an email to Neil T yesterday that he has not heard from any BFCSA members yet about how the banks have financially crippled them.  2GB needs to know what the banks are really up to?    Its up to bfcsa members to get this story out. EG. BFCSA has discovered how our Lenders  are financially crippling Aussies via their own internal Credit Assessors who are committing fraud to this day, by altering our loan...
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  • doyla66
    doyla66 says #
    I have just sent my email to the Producer of Alan Jones' show with a copy of my LAF and have pointed out the errors (which is most
  • doyla66
    doyla66 says #
    Hi Maggie, what paper ? what state are you from ? Can you post on blog once printed. I will keep an eye for it. I have also conta
  • doyla66
    doyla66 says #
    Saturday morning, The Newcastle Herald I have just emailed every high school and university professor in our town that are in lega
  • doyla66
    doyla66 says #
    I have found a journalist who will be running my story as well as our groups story in Saturday morning main paper in our town- the
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ASIC claim the emails I gave to their executives are "merely marketing by banks."  Dear Reader, I invite you to be judge and jury.  I have over 2000 emails between various Bank BDMs and Middle Management to Broker Channel - all brokers all states in Australia. In February 2013 I travelled 400km round trip to deliver to ASIC Commissioner a PACK OF 200 emails.  I placed all of these documents into my storage files in PDF form. I then placed them on to this website for the world to READ.  ASIC had their crack team of five investigators pour over these documents, including the SERVICE CALCULATOR FORMS and ICW worksheets.  ASIC kept these documents for 4 months.  I then travelled same distance to ask ASIC to hand back my originals.  These are in a SEALED PACK.  I have not opened the PACK - its in a safe house - waiting for...
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  • doyla66
    doyla66 says #
    Just another tosser who is another greed driven narcissist like the rest of them that are playing the cover up game-you penguins w
  • doyla66
    doyla66 says #
    Does an application to rent or lease an office to get back to work (or a tent space or caravan or shed when our homes are illegall
  • doyla66
    doyla66 says #
    Perth radio: 6PR spoke with an ASIC senior credit guru this morning in relation to the new credit check point scoring legislation
  • doyla66
    doyla66 says #
    Talk about blankety blank! Check this out - Senator WILLIAMS: Was your appointment advertised or were you just appointed to the
  • doyla66
    doyla66 says #
    I wonder if Greg Medicraft thinks he has FOOLED the good Senators? I don't think so Greggy boy...... Bad boys go to jail...... Tel
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Our intrepid Researcher Gladys trundled through a 243 page report by Tony D'Aloisio "The ASIC Summer School Report" from ASIC 2011 School was in for the Industry Bandits.  Consumers not invited to attend......very neat fella's..............................Has anyone asked Greggie Medcraft what the default figures are right now?  Of course Greg,  we would like to compare defaults with 17% five years ago.   NB:  "Our Governments were not called upon to bail out our Banks".....yes Tony, that's because you and your successor and predecessors kept the banks covered-up, allowing the Mortgage Fraud Bank Scams to speed up to create mass damage to borrowers and with the ultimate intention of blaming the brokers and the borrowers and getting away with the Crime of the Century!   TONY D'ALOISIO CHAIRMAN - now former chair of Australian Securities and Investment Commission ("ASIC"). I am Tony D’Aloisio, the Chairman of ASIC...........on behalf of my fellow commissioners, Dr Peter...
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  • doyla66
    doyla66 says #
    Thanks Denise for painting a clearer picture for us all......... I am ready to read what next Gladys can dig up from her research
  • doyla66
    doyla66 says #
    So their cover is finally blown! Not the Mr. Fix-it Brigade we had all been deluded into thinking but they called in Whelan the W
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In the middle of a Tsunami of 30,000 complaints against banks, lenders, financial products and services, ASIC have nothing better to do with their $450 million budget than design a website....to protect consumers you may ask?  Add on to woof woof FIDO page that even Fido does not read?  No No No, something much more important.........ASIC want to name and shame.....waaaaaaaaaaaaaaaaaaaaait for it......name and shame award winning journalists who are game enough to criticise our useless Corporate Doormat Cop for snoozing on the job. The sooner the nation rids itself of the Monolith of Uselessness known as Australian Securities and Investment Commission ("ASIC"), the better consumers will be protected.   If we have to go back to BUYER BEWARE then let it start with Buyer Beware of ASIC....as the so called regulator was never there to protect YOU.  ASIC protects the charletans and banksters....evidenced by the escalating numbers of consumer complaints...
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  • doyla66
    doyla66 says #
    Yes Honesty, the ones who need to go are they at the very top. It's how they continue to operate and get away with evil - replace
  • doyla66
    doyla66 says #
    Oh what a great new market Greggy Medcraft and his mate Wayne Swan can sell all those left over RMBS to all that fresh meat they a
  • doyla66
    doyla66 says #
    Organza those with integrity leave ASIC,I have it from the horses mouth, comments like: "I don't like the way they are going",and
  • doyla66
    doyla66 says #
    This article I am afraid to say says has literally knocked the socks off me knowing ASIC have now dared to stoop so very low to fu
  • doyla66
    doyla66 says #
    Bravo Michael West .. your story literally sent shivers down my spine.
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Yes folks, its another ugly twist and the lengths our Greedy Bankers will go to gain an extra dollars profit.  Shareholders could be in for a huge falls in dividends when truth finally oozes out onto the footpath.   Bankers were not looking after shareholders, but looking after "selfie" monkey business. Parental guarantees on mortgages were approved without the legal requirements being met.....independent letters from lawyers to say they had been fully briefed on risk of losing one's home.  Even if the parents understood the risks – that even signing a document to this effect was still a breach of law, if the parents were to receive no benefit.....etc   Banks have defrauded guarantors in some cases by making them actual co-borrowers on paper… What a shocking state of affairs that is?   FOS had no idea until BFCSA pointed out these issues......wonder what happened to earlier cases that need to be re-opened and independently examined?...
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  • doyla66
    doyla66 says #
    It is absolutely disgusting that nobody in authority has the balls to put up the big stop sign and say enough is enough. I have s
  • doyla66
    doyla66 says #
    Were our Government irresponsible or just plain lazy when they allowed our filthy Bankster Industry to regulate themselves?. That
  • doyla66
    doyla66 says #
    What a joke It needs to be reopened and dealt with...... Keep going nanna FREEZE all TOXIC loans
  • doyla66
    doyla66 says #
    We are one of the earlier cases dismissed by FOS. My son was added as a guarantor and a loan applicant. He did not apply for a l
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Thanks Simba:  Your comment deserves a BLOG.  Thanks for your contribution.   This email address is being protected from spambots. You need JavaScript enabled to view it. APRA the Regulator  says...... www.apra.gov.au/Speeches/NewDocLib2/04-Chart-Acctnts-MN-20-Jun-07.pdf Recent court decisions relating to residential mortgage lending emphasize that residential mortgage lenders must assess the ability of the loan applicant to repay the loan and must not be concerned solely with whether the value of the security property is adequate to repay the debt. The decisions also indicate that lenders should not entirely accept the information provided by loan applicants at face value, especially if other information or common sense suggests otherwise. Ed: We kept telling Dumb ASIC this.  The valuations are irrelevant.  S 25.1 of the Bankers Code has been breached on more than 100,000 mortgages according to our research....it follows that....etc. It is APRA’s view that attention by ADIs (Austn Deposit-taking Institutions) to the requirements in the prudential standards to have prudent lending practices, including effective assessment of a loan...
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  • Denise
    Denise says #
    Premeditated Plot by Evil Bankers - spot on POLLY! These were no loopholes in law but blatant devious ways to break the myriad o
  • doyla66
    doyla66 says #
    I hope so NT.... I pray every day & every night as it is the last thing i think of before I close my eyes. I really hope so. I dre
  • doyla66
    doyla66 says #
    Gfs hopefully the Senate. hearings next week will be the start of better things to come.
  • doyla66
    doyla66 says #
    Only when a premeditated plot to deceive is used can you ever attempt to get around well written laws. So Neil as you say you are
  • doyla66
    doyla66 says #
    Funny It's good to laugh My husband has made me laugh all day cause he can see what this is doing to me. Just gotta keep going, It
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The endless stream of "Our Story" blogs from members highlights the abject dishonesty of Australian Securities and Investment Commission("ASIC").  ASIC and it's agencies say "NO SYSTEMIC ISSUES" and "we have seen no evidence....etc"  ASIC has failed on all levels to completely cover up these wrong-doings in the banking sector.  These frauds and "maladministration in lending" are running through the Banking Ombudsman's office at FOS, like a dose of epsom salts.   Each consumer complaint is a crime scene in its own right.   State Police should tie a yellow ribbon around every state in Australia and call it a WHITE COLLAR CRIME SCENE.  These monstrous criminal activities were engineered by the Executive level of the Major Banks, yet ASIC has not nailed one banker.  Why?  Well that's the $100 billion question as to why mostly older Australians were targeted for equity loans to invest the proceeds of 40 years of saving...
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  • doyla66
    doyla66 says #
    Ditto Honesty - even saw it done in front of my own eyes a few times by my Bank Manager when all the help to assist (sorry meant f
  • doyla66
    doyla66 says #
    Greedy bankers: Please Note - to retrieve all loan files simply 1.Input customer details 2.Type in the loan number Hit enter and
  • doyla66
    doyla66 says #
    Mmmmm Nanna I think your right....they set u up Thats very scary Shouldnt it just be all voided No documents No loan If only it wa
  • doyla66
    doyla66 says #
    FOS seem to be in bed with the banksters it can be said. FOS believe everything the banksters say and do, or should I say don't a
  • doyla66
    doyla66 says #
    P.S Again I will jump on the phone and request my god dam paperwork! I have some but I want it all. These banks are so hard to dea
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Quite simply they are cheating.  They are targeting older people who own their own home and suggesting in an aggressive media campaign that people will be better off financially if they listen to the Evil Bankers and their agents!!! Australia has only 23 million people and most banks north of the hemispherical divide have never heard of Australia.  So how do they become the most profitable?  Making paper money? Or, perhaps plucking money and figures out of thin air in a wicked attempt to grab people's land titles?  REUTERS are on to this insane situation which we have been warning of for years.  Consumers are at last being listened to.  Their stories are important when one is seeking THE TRUTH about Australian Bankers.   Australian Securities and Investment Commission is there to protect the banks, not the people. Parliament dictated that ASIC is responsible for the Financial Markets, Consumer Confidence and...
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Dear members We all know the BFCSA membership is over eleven hundred and each and everyone of us has been touched by the hand of bankster fraud but when you start reading the individual stories its nothing short of a tragedy and a travesty of justice.  We haven't lost our home yet but we came close some months when we had to use a Mastercard to meet loan repayments. I was working out payments such as utilities , insurances, bankster loan repayments etc twelve months in advance and even allowed for the two months of the year when we got three pension payments for the month, these two extra payments were used to pay back the Master card which covered the months we coudn't meet the full bankster repayments. The only reason we have a little breathing space at the moment is due to the record low interest rates but its...
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  • doyla66
    doyla66 says #
    The clue is in the computer coding Neil for it's all computer money and it's not the money they are after! Think of The Emperor w
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Scrutinising ASIC: Is it a watchdog or a dog with no teeth? Adele Ferguson, Ben Butler, Ruth Williams November 23, 2013   The AGE Under fire: Greg Medcraft and ASIC now facing criticism from a range of quarters. Photo: Arsineh Houspian Investors have lost billions under its watch and the business scandals are many, but opinions are divided on the cause of ASIC's problems. ASIC chief's overseas trips draw criticism It was a busy June day in 2010 when Jan Braund, a Sydney retiree, bundled herself and her frail husband Alan onto a train for their long-awaited shot at justice. A year earlier, the Braunds had been left financially ruined after a Commonwealth Bank financial planner named Don Nguyen switched the couple's life savings from conservative to disastrously risky investments. He did it without their knowledge or permission, allegedly forging their signatures along the way. Now, the Braunds had been summoned by Australia's...
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  • doyla66
    doyla66 says #
    Thanks for the well written article. Agree Lisa, "it's time for ASIC to leave," and we will be keeping the pressure up! Bank on
  • doyla66
    doyla66 says #
    It was a theme he returned to the following year, saying that ''it might be better to prohibit certain products from being offered
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Ever tire of hearing ASIC willbee's?  See how many times ASIC executives answered the Senators questions In Parliament with: "we will be."  Remember ASIC's bleating in 2004 "we will be getting tough with wealth creation spruikers."  Their idea of 'tough' and using Enforceable Undertakings is not the public's idea of getting tough and applying the law.  ASIC have power over criminal law and remedies, so why is it that those tools are rarely if ever used?   What's an EU?  Its a piece of paper signed by the crook and signed by ASIC Executives stating "ASIC agrees to shred the complaint, wipe the slate clean, drop the mention of misleading and deceptive and/or fraud and forgery and all is forgiven.  Criminal agrees to stand in the naughty corner and never transgress in the future."  Problem solved and, the victims can all go home....if they have one to go to.  Everyone happy.  Done...
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  • Denise
    Denise says #
    Dear Mr Munchenberg and other dumbo's at the ABA. Our sub prime lending cartel is everyone's business and everything to do with t
  • doyla66
    doyla66 says #
    ASIC - "do as we say, not do as we do" eh? The rules obviously don't apply to ASIC! ASIC are corrupt, incompetent at Law governanc
  • doyla66
    doyla66 says #
    Remember when the ASIC Inquiry was announced and the ABA said, well that's nothing to do with the Banks? Are the ABA and Munchenb
  • doyla66
    doyla66 says #
    Yeh, ASIC are certainly consistent!!!! Just fob us off with "GO TO FOS" we cannot help. That is consistent alright. All 3 compla
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FIRSTMAC  3 May 2007    BDM to  broker “For LOW DOCS in LVR band 70 to 80%, if declared income is greater than $50,000, the ABN needs to be registered for GST. For NO DOC loan LVR 70% or less: NO GST registration required. For Max True:  100% loans with no LMI payable by the client: $50,000 loans to $1 million. X Value: Splits available Max LVR 97%” FIRSTMAC    17 Sept 2008    BDM to  broker “Invitation to Comm Broker Training”   “Our generous HomeRun08 servicing calculator allows for neg gearing on Lo Doc.” “100% loans – no LMI payable by borrower” “PAYG LoDoc  No Commission reductions.” JUMBO Lo Docs up to $2.5 Million”   GE MONEY   3 May 2006   BDM to all brokers Paid defaults > 2 years ignored.  Under $500 ignored Max Loan size $2.5 million   GE MONEY  7  May 2007   BDM to all brokers Low Doc and No Doc 12...
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The Federal Treasurer would do well to follow our lead and listen to what BFCSA Members are warning about Australia's sub prime mortgage crisis. Mr Hockey, please send an urgent memo to the corporate regulator, Australian Securities and Investment Commission ("ASIC").   ASIC briefs you as Treasurer once per month.  There are no two ways to go here Mr Treasurer.   Only one way presents itself, in law and also as "the bloody right thing to do mate."   ASIC is telling Parliament "there are no systemic problems in the banking sector."   You and I know differently: ASIC is lying to Parliament.   ASIC is pretending all the toxic loans have been hidden from view and therefore they only have 17 complaints.  But there are $57 billion of these wretched loans. Consumers are banding together.   ASIC is trying to say the Brokers are to blame in all cases.....that in itself is an admission we are right, that there are toxic...
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  • doyla66
    doyla66 says #
    Very clearly stated, Denise. Thankyou for that. Imagine the cheers if Joe Hockey stood up in Parliament and gave the Banks and Le
  • doyla66
    doyla66 says #
    This would be history in the making when Joe stands up in Parliament and tells the lenders to freeze every toxic loan pending a Ro
  • doyla66
    doyla66 says #
    Excellent blog Denise, I hope Cameron Clyne and his cronies in the Nab Eastern Branch get a chance to read this article. The Lend
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ASIC is mischievously misguiding Parliament and the Senators re Public Calculators.....BFCSA are speaking of Internal Serviceability Calculators that ASIC permitted banks to use to assess loans and banks refuse to hand over copies to the victims.  ASIC permitted Banks to give the Brokers the Passwords.  We have copies of passwords for most banks (see Breaking News documents above).  ASIC has failed to mention the discussions that took place in 2005 re internal bank secret serviceability calculators.  Do not fret - we have copies.  THE TWO CALCULATORS are totally different and ASIC is attempting to mislead the Senators before they appear at the Inquiry.  But they did admit in 2005: ‘However, ASIC is also aware that calculators can mislead consumers if they are not designed responsibly. ' YES INDEED "mislead borrowers in $57 Billion worth of TOXIC LOANS and 18% toxic FULL docs of the $1.28 Trillion mortgage market IR 05-64 ASIC releases policy on calculatorsTuesday 20 December 2005ASIC has released its...
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  • doyla66
    doyla66 says #
    Thankyou, Denise. I hope all relevant Senators are on the page with the existence of the second calculator and the fact that both
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Blatant and systemic cover-up by ASIC permitted the Major Lenders to profit from an obvious fraud.  That is the bottom line.  ASIC continued this farce of protecting Banks for over 14 years knowing NSW consumers in particular could be protected.   Since 1980, ASIC haqd the benefit of the Contract Review Act in NSW and most contracts could have been ripped up had ASIC truly wanted to protect consumers.  But ASIC had to chose between protecting Banks and also protecting consumers.  ASIC chose not to warn consumers that this was a Bank scam.  ASIC chose to watch RECA and later BFCSA dig into this scandal and knew most loans would implode within 6 years and ASIC planned to say "out of time."  That is in itself false as FRAUD AND FORGERY were everywhere across all documents known as Loan Application Forms.  It knew about the dreaded service calculators, whose ingenious creator...
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  • doyla66
    doyla66 says #
    All Australians have a right to expect a more diligent and honest work ethic by ASIC management. They have failed, repeatedly and
  • doyla66
    doyla66 says #
    ASIC should have told their mates (banks/lenders) to pay up and move on long ago just to shut us up. Their liability may have been
  • doyla66
    doyla66 says #
    BFCSA will keep the pressure on you Asic until you decide to tell the truth. You know and everyone else knows you are guilty. Ther
  • Denise
    Denise says #
    I have just read ASIC's ridiculous Supp Sub 45.1 Omissions are in fact a criminal offence and ASIC excels in omissions. In fact,
  • doyla66
    doyla66 says #
    Very harsh and damning words but TRUE, TRUE, TRUE. ASIC have gone past the point of no return now. They have committed a mortal si
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There are hundreds and hundreds of submissions waiting to be "cleared" for publication, including mine.  Most of the submissions are regarding victims of bank fraud that ASIC had powers to address and contain and then irradiate.  ASIC failed on all levels and that is why the public collective cry for ASIC to be pulled down and rebuilt.  Spare a thought for staff at the Senate who have been lumbered with the greatest dump of submissions of discontent ever waged against a regulator.   This Inquiry is long over due and the submissions received are the proof.  The BFCA Submission has been received but may take several weeks to be loaded up on to the website. The very name ASIC implies "security in investment" and their role has been to ensure markets are not permeated with fraud and forgery and thereby instilling CONSUMER CONFIDENCE across the banking an finance industries.  Trouble, is the bodies are...
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  • doyla66
    doyla66 says #
    This enquiry will give all of us back our faith in human nature. We have all been pushed and shoved from pillar to post by bureauc
  • doyla66
    doyla66 says #
    If as ASIC say they do a great job at regulating and investigating, then they will have the proof. Most of us have had the ground
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I have lost count of the number of 80+ year old pensioners, who owned their own homes three years ago, yet were talked into $400,000 loans for "six months with try it and see" and, now they face life on the streets.  Only 64% of these loans were arranged by Brokers.  The rest were arranged by bank managers - directly with the banks - no brokers involved.   18% of toxic loans are FULL DOCS....PRIME LOANS  Parliament needs to be encouraged to TAKE A BIG LOOK at these dirty lending practices. This blatant criminal activities are abhorrent in motive and breath-taking in size of creative engineering of faulty mortgage products.  Banks created a $100 Billion market especially designed to target ARIPs (asset ricvh and income poor). Bring on the Royal Commission into the Banks before any more loans are written!  This email address is being protected from spambots. You need JavaScript enabled to view it. We have a monstrous sub prime problem in Australia.  All...
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  • Denise
    Denise says #
    Yes indeed Lisa....anything to get out of doing a modicum of work. This is the first Inquiry every called for by the Senators int
  • doyla66
    doyla66 says #
    How did ASIC gain the "right" to decriminalise fraud? or was that another one of their tactics for avoiding real work and just a t
  • Denise
    Denise says #
    Why did ASIC circa 1998, immediately decide to DECRIMINALISE fraud? Why did ASIC deem criminal activity to be acceptable and targ
  • Denise
    Denise says #
    ASIC ignored all those whose first language is other than Australian. Older persons was clearly written in emails from banks to b
  • doyla66
    doyla66 says #
    How dare they take advantage of the elderly in such a disgusting manner to make themselves rich! How dare they take advantage to s
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Our hearts go out to NabbedNanny who has fought so bravely against the banks.  She is one of the earlier ones whose case was thrown out by FOS without a proper determination or investigation.   She joined our group after her case was closed.  She had none of the evidence we have since gathered.   We are apposing such treatment of consumer complainants and the very reason Australian Security and Investment Commission chiefs will be once again hauled into Parliament to explain TO THE SENATE why they have failed so dismally as a corporate regulator during the past tumultuous 14 years.  Chairman Medcraft will be brought to book. Nan's phone lines are cut off now.  She has had to explain to their 5 year child why his memories of fun times with Nan will be tarnished forever.  Like the children of the depression, he will never ever trust a banker again...
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  • doyla66
    doyla66 says #
    If the government bought RMBS to bail out the banks then they must have been aware of the entire situation. That puts them in the
  • doyla66
    doyla66 says #
    AustGovt installed a "master architect" of RMBS house-of-cards in ASIC chair Greg Medcraft who cost US taxpayers $11billion alone.
  • doyla66
    doyla66 says #
    From one Nanna to the other, my heart goes out to you. How do you explain this to a five year old? I do hope that this will prompt
  • Denise
    Denise says #
    Yes indeed Lisa, we should all be lobbying Prime Minister Kevin Rudd to freeze licences on all bank who have engaged deliberately
  • doyla66
    doyla66 says #
    The government should suspend any Bank's credit license until they comply with Law and Australian society's standards of decency a
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Fudging Figures became a way of doing business for Australian Bankers.  Bankers must think we all believe in the tooth fairy!  This week the ABA suggested the Senate Inquiry into the Federal Regulator, the wickedly lazy Australian Securities and Investment Commission, means there is no reason to suspect Bankers bad habits are under any cloud of suspicions regarding mega-fraud capers.  Do you believe the gall of these arrogant species of humanoids? ASIC will now be on the nose for NOT LOOKING INTO THE BANKS and, their increasingly tarnished image will be a right royal headache for its defunct media department.  Peter Kell, the master of attacks of the "will-bees"  (we will be doing something later this century) admitted this week that one of the minor problems they have is a rampant loss of staff.  He rationalised that just because a whistleblower blew a trumpet or two into the top floor windows...
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  • doyla66
    doyla66 says #
    New South Wales, Crimes Act 1900 section (316), concealing serious indictable offences. I hope the Senate will look into cases wh
  • doyla66
    doyla66 says #
    We must be the laughing stock of the world with our regulators. Fancy giving the banks a call to arrange a meeting, more like coff
  • doyla66
    doyla66 says #
    Caesar judging Caesar.........(1557 – 18 April 1636) . We haven't progressed much have we?
  • doyla66
    doyla66 says #
    The Regulators' cosy arrangements with their banker mates is disgraceful and worthy of a Royal Commission into Banking. However w
  • doyla66
    doyla66 says #
    "Porker of the Month": "FOA's"--"Friends of Angelo": Bank$ter programs of pollies covertly receiving "cheap-loans" for "favours",
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