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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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Subscribe to this list via RSS Blog posts tagged in central bank
I was reading this article (link below at end) & was particularly concerned/apalled at one paragraph: "Variant says the Reserve Bank will come to the rescue of the big four Australian banks in a crisis because they are too important to fail." Is this why our banks treat us plebs (aka 'customers') with so much disdain & utter arrogance? The same attitude they displayed/presented/portrayed to the recent Senate Inquiry & those preceding inquiries? They believe they are too big too fail therefore they are above ALL laws in this unlucky country of ours? The next paragraph is quoting an Australian Analyst's perspective. I think she is caught up in the banks' hype & has not got a good grip on what is occurring in her own backyard so to speak. Then in her final paragraph this statement is made: "She noted that Australian banks were extremely profitable and now far less...
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  • doyla66
    doyla66 says #
    The banks often like to peddle the illusion of poverty. I recall ANZ complaining about their "tight lending margins" earlier this
  • doyla66
    doyla66 says #
    Once the veil is lifted of how the banks create money out of thin air, and make hundreds of % profit on their computer entries, we
  • doyla66
    doyla66 says #
    I love your quote from Henry STM.
  • doyla66
    doyla66 says #
    What a great find LMehan! Thank you! The more information we can uncover and bring to the forefront, the less power these people
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Posted by on in BANKSTERS
Had to love the very last line of this article....priceless!http://www.heraldsun.com.au/news/breaking-news/rba-accused-of-covering-up-corruption/story-e6frf7kf-1226445929914AN anti-corruption body has accused the Reserve Bank of Australia of covering up evidence of bribery by its note-printing subsidiaries. The RBA has been accused of covering up evidence of corruption by its note-printing subsidiaries.  Seven former employees of Securency International and Note Printing Australia (NPA) and the companies themselves have been charged with bribing foreign officials to secure contracts to print bank notes.Although no RBA officials or staff have been charged, the central bank has faced allegations it suppressed evidence of secret commissions paid to middle men hired by the subsidiaries to secure bank note contracts in Malaysia and Nepal.Transparency International Australia's executive director Michael Ahrens said the RBA's behaviour in the case was "tantamount to a cover-up"."We do believe that it was incumbent upon them to report promptly any credible evidence of the sort that seems to have emerged," he...
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  • doyla66
    doyla66 says #
    No matter from where you are its same every where corruption - corruption . worst is guys get involves in big scams and get out ea
  • doyla66
    doyla66 says #
    No matter from where you are its same every where corruption - corruption . worst is guys get involves in big scams and get out ea
  • doyla66
    doyla66 says #
    No matter from where you are its same every where corruption - corruption . worst is guys get involves in big scams and get out ea
  • doyla66
    doyla66 says #
    Royal Commission into "Gang of 36"(banksters); attempting to pervert the course of justice by way of knowingly concealment of true
  • doyla66
    doyla66 says #
    Maybe the crime isn't systemic... we don't know the extent of it yet. The culture of coverups within government agencies and reg
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Posted by on in BANKSTERS

Back in early 2008, the Australian economy was going well. With the property market booming many businesses took out loans from Bankwest, a small but aggressive lender based in Perth.

Then came the GFC. With its parent company in Britain facing dire financial problems, Bankwest customers began withdrawing money from their savings accounts. The Reserve Bank was worried and the Commonwealth Bank saw an opportunity. Moving fast the Commonwealth took over Bankwest for the bargain basement price of $2.1 billion.

From everyone's point of view, including Australia's central bank, it looked like a good deal. But what happened next shocked customers.

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  • doyla66
    doyla66 says #
    That was a powerful program. I can't help but think that just showing the stories, like the eviction scenes on prime time TV, with
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