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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 bank culture
omment is free 'In corrupt systems, decent people have two options: conform or be crushed' According to Vince Cable, the emergence of a new breed of 'decent' bankers will guard against further financial outrages. But until we recognise that the system itself is flawed, banks will go on turning ordinary workers into shameless shysters and get-rich-quick merchants Share150   Email Fintan O'Toole The Observer, Saturday 30 June 2012 21.00 BST Jump to comments (85) Allied Irish Bank, where whistle-blowers were either dismissed or marginalised. Photograph: Peter Morrison/AP Spivs! Wideboys! Riverboat gamblers! Snakeoil salesmen! Calling the shysters by their proper names is satisfying – and it may be the only satisfaction the public will get. But it is also, oddly enough, rather naive. For it assumes that better, more decent people wouldn't end up manipulating interest rates or mis-selling financial products. All the evidence from the many scandals of recent years is that...
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Posted by on in From My Window
0 0 0 0 0 0 The Human Race Film – a MATT NORMAN film Breaking News – High Court sets precedent against fraudulent banks 24 Jun 2010 High Court rules against financier of low-doc loans Message from Matt Norman; Before I let you read another great article by Anthony Klan, I just wanted to add my own thoughts on this outstanding result. This news comes just in time for my own high court application on the same grounds as below. The Supreme Court “MELBOURNE” are going to finally look at the professional misconduct of all cases against the banks they have deliberately turned away when they see the thousands of people who have all been led by the banks and the courts into losing homes, suicide, family breakups, bankruptsy because they are not allowing self litigants the chance to have their case heard. I also would like to say...
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  • doyla66
    doyla66 says #
    In 2010 in QLD ChestermanQC(Apppeal/Judge)ensured all cases with trial-able issues are "destined" for trial > they can't do that "
  • doyla66
    doyla66 says #
    I know exactly what you are talking about Matt. My husband and I had the same judge, same Nab counsel and same outcome from Summa
  • Denise
    Denise says #
    Yes indeed we know why - we are the source we are the driving force. We do not know what arguments Matt was using The argument is
  • doyla66
    doyla66 says #
    Sorry Andy, i moved your blog up to the top so every one could see it as i thought it was important enough to get better exposure.
  • doyla66
    doyla66 says #
    Law Societies are a solicitors/banksters laugh > Legal Services Commissioner some prospect [Qld] if they don't operate can then be
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0 0 0 Extracts from : Submission to the SENATE ECONOMICS REFERENCES COMMITTEE INQUIRY INTO THE POST-GFC BANKING SECTOR Milind Sathye,  Professor of Banking and Finance, University of Canberra.   May 2012    The impact of international regulatory changes on the Australian banking sector,   Impact on Mortgage loans: Securitisation provided a major source of funding for mortgage loans. Under Basel III, there is enhanced risk weight for securitisation instruments. It means the risk position of a bank as depicted in the balance sheet doesn’t capture the changing reality and by the time the regulators, shareholders and investors know the reality it might be too late. A recent case of J P Morgan incurring a loss of $2 billion because of ‘error’ by the chief investment office is a pointer to the grim reality how fortunes of even mighty institutions can change overnight.   External regulation that can’t keep pace with these...
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  • doyla66
    doyla66 says #
    That's a great idea, John W. I'll bet no one in the Banks thought of that!! There is more than a tinge of the last bastion of grea
  • doyla66
    doyla66 says #
    If jobs have to be outsourced to India & the Philippines, SACK ALL THE BANK EXECUTIVES & outsource THEIR jobs! They can be replac
  • doyla66
    doyla66 says #
    "Gang of 36" RMBS/Laf Fraud - "Debt Exposure" @$50b to $100b[up>$200b?] ASX: "Continuous Disclosure Rules" knowingly breached by b
  • doyla66
    doyla66 says #
    Allan Fels > noted Australian bank executives are highest paid even by international standards > HELLO!!!
  • doyla66
    doyla66 says #
    He's right - and that's just the beginning. With what we know of the true nature of bank "assets" and "value" their annual stateme
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SUBMISSION TO SENATE INQUIRY Sub. 29.    May 2012 Dear Senators, Please find attached my submission that relates to how my business was treated by Bankwest. My business was a family business in the small country town of Forbes in NSW. It was created by my grandfather in 1913, which would of made it 100 years old next year. We were a Painting Contracting company. In 1999 we won a contract to maintain a lot of public schools in western NSW. This was the break we had worked hard for. Within 5 years we went from 5 workers to about 70 workers. This enabled us to tender for other contracts in other areas and in the 5 year period we worked across NSW for such companies as NRMA,TARGET and TRANSFIELD and as well as painting we also started to do building maintenance and insurance works. Life was good.   We were with...
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  • doyla66
    doyla66 says #
    This sounds like typical Bankwest behaviour - less than 24hrs notice for receivers & tip your world upside down! That BastardWest
  • doyla66
    doyla66 says #
    Hi Wayne, their straight up gangsters - did those criminal Bankwest/CanConBankster bastards advise you to obtain "independent lega
  • doyla66
    doyla66 says #
    The other sad thing is when the banksters have to face court for their fraudlulent actions - they pretend to get divorced, move as
  • doyla66
    doyla66 says #
    NSW(AUS), the barristers clan - worked out how to technically "feign" divorce, ['Clayton's Separation] to protect themselves form
  • doyla66
    doyla66 says #
    Hi Wayne I went through the same scenerio I had a thriving business great home and family and then RAMS sold my loan to RHG and th
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  29 Jun 2012 - Good reading and video at: http://barnabyisright.com/2011/06/29/rba-says-our-banks-are-stuffed-in-other-words/#comments   Yesterday, RBA Assistant Governor Guy Debelle indulged in some MOPE.   Management Of Perceptions Economics.   Lies, deceit, and propaganda, in other words.   But for those with an ear to hear, and an inclination to check the “authorities’” claims, what he really did – unintentionally – was to give us a heads up.   That our Too Big To Fail banks (TBTF) are going to get bailed out, sooner rather than later.   Go grab a modest quantity of your favourite beverage, and settle in.  You are about to learn – in detail – why we cannot trust a word the banksters say.   Ready?   Now as expected, the mainstream press all lazily parrotted the “everything’s fine, move along, nothing to see here” headline that Mr Debelle wanted. Here’s a good example, from the nations’ “premier” newspaper:...
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  • doyla66
    doyla66 says #
    "why is the Australian taxpayer on the hook to backstop the banks?.." Why not change this scenario around in favour of the tax p
  • doyla66
    doyla66 says #
    Lisa, 'you're a woman after my own heart', but would you be employable to the press? Hmm, let me think......computer says, "no" r
  • doyla66
    doyla66 says #
    A big read Lisa. Keep them coming.
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I rise tonight to talk about what I consider to be the greatest oxymoron in Australia at the moment—that is, ethical banking. I wish to relate some of my experiences during the early 1980s when my family were involved in a foreign currency loan in Swiss francs. We drew down the loan in January 1985. Shortly after that, we saw the depreciation of the Australian dollar. There was only one way to protect yourself from those loans and that was to hedge your loan. I went to my bank manager, Peter Neil—a good man who lives out here near Goulburn these days—and requested that I hedge my loan. He informed me that I could not, that that would change our currency and you could do that only at rollover periods. The rest is history because Mr Neil was wrong. The bank had not trained their staff properly and it led to...
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  • doyla66
    doyla66 says #
    Bank Managers,used to be pillars in the community,revered, respected.Mr Williams by virtue of the fact your bank manager never sig
  • doyla66
    doyla66 says #
    You're right about banks being sales, sales, sales. That's what happened in the US as well. I've read about and listened to inter
  • doyla66
    doyla66 says #
    Honesty, my guess is that the bank manager would have been told by the bank legal people not to sign his statement.
  • doyla66
    doyla66 says #
    You are a good man for speaking the truth Senator John Williams. I urge all politicians to support him and have the integrity & m
  • doyla66
    doyla66 says #
    Thnak you Senator Williams you give us hope!
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Posted by on in Bankers A Law Unto Themselves
Often when you tell people your story and plight with the banks or to the media- they comment - but you signed the papers. My next question to them is - so you think it is okay that fraud has been committed and that the Banks are profiting from it? Are you saying that the banks are above the law and should not be accountable to the rules set by the law of this country.  No matter which way you look at it - a crime has been commited and it needs to be investigated. Isn't that why we have laws for?  Crime is crime. No sugar coating of it or exceptions. When put that way to most people - they understand better and agree - if fraud has been committed - it needs to be investigated. So if you speak to the media - make sure you ask that question. Remain focused...
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  • doyla66
    doyla66 says #
    I am interested!
  • doyla66
    doyla66 says #
    Based on what I've read about the other political options this is probably a good time to kick off a new party. Who is the brillia
  • Denise
    Denise says #
    Hands up those who wish to be part of new party? We have a brilliant leader, an exciting name. I cannot be leader as it would de
  • doyla66
    doyla66 says #
    http://www.bfcsa.com.au/index.php/entry/bfcsa-demands-to-federal-government
  • doyla66
    doyla66 says #
    We should call for a Suspension of Normal Business in the House, and possibly a joint sitting to attend to the crime and corruptio
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Comment: An enlightening read ... Thu, 06/21/2007 - 21:36 — Arthur Cristian The Banks and John Howard By Dr Evan Jones Sydney University Political Economics [Caution: this is a very long post. The post is rated M for mature audiences only.] In the early 1980s, John Howard was Federal Treasurer under the Fraser Coalition Government. Howard had initiated the Campbell Inquiry into the financial sector and its 1981 Report recommended comprehensive deregulation of the sector. The ‘experts’ thought and talked abstractly about the merits of ‘competition’ but remained blissfully indifferent to the meaning of competition on the ground. Facing a loss of market share to various newcomers, the trading banks set about transforming their cultures. Banking culture was passé; marketing and speculative mindsets were the new cultures de jour. Dealers earned inordinate salaries and bonuses. Lending manager’s earnings and status was tied to business done. Delegated Lending Authority limits (constraints on...
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