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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 failures
From: wayne stylesSent: Tuesday, 4 September 2012 To: Abbott, Tony (MP)Subject: BANKS ASSET LENDING USING FRAUDULENT LOAN APPLICATION FORMSI have also sent copies of this e-mail to : Senator John Williams, Denise Brailey (BFCSA), Julia Gillard PM, Tony Abbott MP, Julie Bishop MP, Joe Hockey MP, Nick Xenophon MP, Joyce Barnaby MP, B. Bilson MP, Andrew Robb MP.RE : ASSET LENDING USING FRAUDULENT LOAN APPLICATION FORMS by the CBA.We must have a ROYAL COMMISSION immediately into the fraudulent activities of the banks.We too have been conned & deceived by the COMMONWEALTH BANK & Mortgage Broker using FRAUDULENT Loan Application documents, in both 2005 and 2007.This is a common business practice used by the Commonwealth Bank of Australiawhere they corruptly lend money using grossly falsified Loan Application Documents  (that the client's have never seen),& conspiring with Mortgage Brokers (that the clients has never met), & going through Finance Companies (that the clients didn't...
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  • doyla66
    doyla66 says #
    Abbott's response does not surprise me one bit. After all, he is just the party puppet. Following his monumental cockup with figur
  • doyla66
    doyla66 says #
    i cannot believe that this government (& it loks like the next govt) are dragging their feet on this....bring on a royal commissio
  • doyla66
    doyla66 says #
    My jaw has hit the ground...This is like a bad movie !!
  • doyla66
    doyla66 says #
    Great work Wayne - brilliant letter. Keeping up the pressure to wear them down can work in our favour. Force and people power even
  • doyla66
    doyla66 says #
    Keep moving on this Wayne. Check other posts that have covered the same issue. Don't be surprised with the Ombudsman's tack. He an
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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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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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"A Royal Commission into the Australian Banking Sector is our democratic right. To deny us that right is truly unAustralian."   There are many strong arguments in favour of holding a Royal Commission into Banking with wide terms of reference.  One of the side effect of the Royal Commission is its capacity to bring the issues into every Australian home through the main stream media. This in turn will generate far greater awareness of the serious anomalies and inherent risks within the Australian Financial Sector. It may also answer the questions for so many Australians whose lives have been smashed by the deregulated "free market" Australian Financial Sector, directly and indirectly, including the big ones: Why weren't we told? How could this be allowed to happen in Australia? Consumer protection isn't for just for the elderly - it benefits all Australians. We've been badly misled by those entrusted to protect us,...
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  • doyla66
    doyla66 says #
    Yes, infestation of "Mainstream" banking Full-Doc products must be a game changer & raise the necessary eyebrows , if not, the cur
  • Denise
    Denise says #
    Thanks for your kind thoughts Hugh. I met with Geoff in Canberra and also other members and they support our efforts and our peti
  • doyla66
    doyla66 says #
    Hi Denise & BFCSA Members, Why not join forces with Unhappy Banking, link together to call for the Royal Commission? More Support
  • doyla66
    doyla66 says #
    Good idea Hugh. UNHAPPY BANKING also has good evidence about the BANKS FRAUDULENT activities.
  • doyla66
    doyla66 says #
    Hi Denise & BFCSA Members, Why not join forces with Unhappy Banking, link together to call for the Royal Commission? More Support
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29 August, 2012 BankWest customers tell the Senate shocking stories of fraudulent foreclosures while Australia’s financial journalists are out to lunch — dining on the Commonwealth’s Bank’s record profits. Associate Professor Evan Jones reports. ON THURSDAY 16 August, the Sydney Morning Herald reported the Commonwealth Bank’s approximately $7.1 billion profit, up $700 million from 2010-11. The Herald’s financial journalists fell over themselves in adulation. Here was a true national champion. The previous week, a different story was being played out. The Senate Inquiry into the ‘post-GFC banking sector’ held hearings in Canberra (8th) and Sydney (9th & 10th). A couple of dozen spectators attended the Sydney hearings; it appears that the Herald was not amongst them. It was a spectacle. Transcripts of the hearings are available here. The Senate Economics Committee instigated its banking inquiry in March, following pressure from myriad former customers of CBA-owned BankWest who claim that their...
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  • doyla66
    doyla66 says #
    Thanks, John. I follow Independent Australia. There have been some excellent articles on banks and bank misconduct. Evan Jones ha
  • doyla66
    doyla66 says #
    You've struck gold again Lisa.
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This is simply brilliant! - a "creative" solution to bank angst - in particular, NAB angst. Bankslayer has done it again :)   This is my how to for creative visualization - I imagine the building is the headquarters of the National Australia Bank being demolished after they've gone bankrupt. How did the nab go bankrupt? Well, after months of campaigning politicians finally did the right thing and there was a Royal Commission into Bank Malpractice. Following even more months of evidence including that of victims of the bank such as Ozzie Inak and Rosie Cornell as well as numerous expert witnesses the nab was stripped of it's license to trade as a bank. Unable to be a fully functioning bank their shareholders abandoned them.  After considerable whingeing the nab was declared bankrupt. See how easy creative visualization is? Help me out - if you're an Aussie demand your Federal MP...
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  • doyla66
    doyla66 says #
    I think I must be more callous than you. I imagine all I have been associated with throughout this dispicable loan being homeless
  • doyla66
    doyla66 says #
    just testing - trying to learn how to blog Editor: hey u made it! Congrats Robyn
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Senate Economics References CommitteePublic HearingInquiry into the post-GFC banking sector Friday 10 August 2012 Jubilee Room, NSW Parliament HouseSYDNEY PROGRAM 8.30 am – 9.15 am Mr Paul French and Mr Geoffrey Reiher (submission 104) 9.15 am – 10.00 am Mr James Neale (submission 54, 54A) 10.00 am – 10.45 am Mr Geoffrey Shannon (submission 118) 10.45 am – 11.00 am Break 11.00 am – 11.45 amING DIRECT (submission 103)Mr Vaughn Richtor, Chief Executive OfficerMr Glenn Baker, Chief Financial OfficerMr Bart Hellemans, Chief Risk Officer 11.45 pm – 12.30 pm Mr Guy Goldrick (submission 56) 12.30 pm – 1.30 pm Lunch break 1.30 pm – 3.00 pmBankwest (submission 80)Mr Rob De Luca, Managing DirectorMr Ian Corfield, Chief Executive, Bankwest BusinessMs Sue Tindal, Chief Executive, Strategy & Reputation 3.00 pm – 4.00 pmNational Australia Bank (submission 79)Mr Mark Joiner, Executive Director and Chief Financial OfficerMr Bruce Munro, Chief Risk Officer 4.00 pm Adjournment...
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  • doyla66
    doyla66 says #
    Yesterday afternoon I collected my son from Murdoch Train Station after he had been to Uni & after the usual chit chat of how's yo
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From The Sydney Morning Herald. 8/8/2012   Senators to gauge post-GFC impact on banks A three-day Senate inquiry into the nation's banking system kicks off in Canberra on Wednesday with a focus on developments since the 2008-2009 global financial crisis (GFC).   Witnesses will be quizzed on a range of topics, including the impact of international regulatory changes on Australian banks since the GFC, the cost of funds for institutions, the relative share of specific banking markets, and borrowing and lending practices.   The Department of Treasury and the Australian Bankers' Association will be the first of more than 20 organisations to face the Senate Economics References Committee.   Hearings in Sydney on Thursday and Friday will take evidence from the four major retail banks and the Reserve Bank.   Committee chair, Liberal senator David Bushby, said there had been a lot of focus on the banks' cost of funds as...
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US regulators have closed a small bank in Georgia, bringing to 39 the number of US bank failures this year. That's a slower pace than in 2011; 61 banks had failed by this time last year. The Federal Deposit Insurance Corp seized Jasper Banking Co, based in Jasper, Georgia, with $US216.7 million ($A207.44 million) in assets and $US213.1 million ($A203.99 million) in deposits. Stearns Bank, based in St Cloud, Minnesota, agreed to assume all the deposits and purchase essentially all the loans and other assets of the failed bank. In addition, the FDIC and Stearns Bank agreed to share losses on $US106 million ($A101.47 million) of Jasper Banking's assets. The failure of Jasper Banking is expected to cost the deposit insurance fund $US58.1 million ($A55.62 million). Georgia has been one of the states hit hardest by bank failures. Regulators closed 23 banks in the state last year. The failure of Jasper...
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  • doyla66
    doyla66 says #
    I am sad in a way about this. I lived in Georgia for 11 1/2 years before coming to New Zealand. Most of my "rellies," (in laws and
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