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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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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 Corrupt Regulators
Dear Prime Minister, I have lost my home to the bank.  At the time the case went to court, we attempted to bring to the attention of the court issues relating to malpractice and fraud that we suffered at the hands of the bank.  The bank's lawyers were intent on making sure we didn't get a hearing, so moved the court for summary judgement against us.  The judge was only too happy to oblige. We've since learned that that's par for the course.  In fact, an Australian ex-banker writes that potentially unconscionable or fraudulent practice (by banks) are "ultimately condoned by the courts".  He's right on the money. However, some of these issues are now getting into the public arena.  The issues coming to light substantiate some of our claims, and reinforce the fact that we have suffered injustice at the hands of of our 'justice' system.  More issues are yet to be...
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  • doyla66
    doyla66 says #
    Bless you Susan. Great letter. May justice come soon.
  • doyla66
    doyla66 says #
    Appeal Court QLD (2010): trial-able issues must now go to trial(always!)Justice Chesterman(QC) re City Pacific v . . unfortunatel
  • doyla66
    doyla66 says #
    Thank you so much writting excellent letter Susan.
  • doyla66
    doyla66 says #
    Susan, I love women like you, real inspiration to the millions of others who are conned by the banks. Looking back to Joan of Ark,
  • doyla66
    doyla66 says #
    Excellent letter Susan.
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