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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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Posted by on in Dumb ASIC
Dear Peter, You know me very well.  You also know ASIC did not ask for the LAF.  Ask Greg Kirk.  I was asked by Robert Allen to bring in THE EMAILS which I drove 400kms round trip to deliver to ASIC Perth.  When I arrived there I was asked "where are the LAFs?" My answer: "You asked for the Bank emails, not the LAFs.  In any case ASIC has over 100 LAFs from those who wrote to ASIC completely detailed formal complaint letters in July last year.  You have been sitting on those documents since July.  You and ASIC are lying to Parliament, lying to Media and lying to Consumers, but what has changed since 2003?  You told Parliament and said again this evening on the ABC NEWS: "there are no systemic issues."  Rubbish. The reason ASIC wanted the infamous "EMAILS" from Bank BDM's to Brokers, was because they wanted to show the...
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  • doyla66
    doyla66 says #
    Denise, you have more patience than most. I personally could throttle some of these people you have had to deal with lately, but m
  • doyla66
    doyla66 says #
    Even if ASIC were willing to take our complaints seriously enough to review their decisions, letters and come up with a better dea
  • doyla66
    doyla66 says #
    How frustrating it must be for Denise talking to idiots and liars. If I was her i'd be pulling my hair out and screaming day and n
  • doyla66
    doyla66 says #
    Denise why wast your breath on such a looser.
  • doyla66
    doyla66 says #
    Love the graphic Gotta wonder tho' - is that the new uniform for ASIC?
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Capturing politics was fairly easy: Too Big To Fail.  Watch the big banks announce their profits again and yet they failed to pass on successive interest rate cuts to their customers.  Instead Banks have been gouging customers whilst paying reasonable dividends to shareholders BUT they have been paying themselves and their very own Broker Channel Agencies and Agents and themselves spectacular BONUSES under the guise of being PRUDENT BANKERS. By loading up the Nation (any nation) with TOXIC LOANS, they would then be in control of the political landscape.  It was easy to convince Governments:   "Prick our Bubble and we will burst yours!" Nice one chaps, but we are on to you!  It goes like this:-   STITCH UP ONE: Bank Lawyer to Banker: "we can draw up Loan Applications that include a statutory declaration signed by borrowers to state:   I the borrower Muggins Me do hereby understand I have read and fully agree with...
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  • doyla66
    doyla66 says #
    ACCC tests and recalls faulty products for the protection of consumers. Some of these products are from multinational companies.
  • doyla66
    doyla66 says #
    By loading up the Nation (any nation) with TOXIC LOANS, they would then be in control of the political landscape. It was easy to
  • doyla66
    doyla66 says #
    When petrol companies get done for price manipulation, under what Act/legislation is that? How does that differ from the collusion
  • doyla66
    doyla66 says #
    And that ladies and gentlemen is exactly how it's done. The heartless vermin were counting on never being exposed. With the help o
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