BFCSA Blog

We live in a remarkable country. And Aussies are a remarkable bunch. We have this wonderful ability to form a powerful force when we band together, that can overcome tremendous odds and right shocking wrongs. The ANZAC spirit. Being battlers from all walks of life, we tend to get our heads down and get on with the job. It takes a lot to upset us. It is only when the problems start harming our families in huge numbers that this “Aussie Phenomenon” occurs. Australia is indeed approaching a watershed moment in history. We need to step back and look at the big picture. The very fabric of our society; the things we value most, are being threatened. It is time to act. We are talking about corruption and greed, injustice in business, finance and politics and lack of proper accountability by those in authority. The result is the gap between rich...

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...

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...