GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

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.

Visitors

Articles View Hits
741138

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

BFCSA Blog

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.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form
Subscribe to this list via RSS Blog posts tagged in home loan
ASIC DETERRENCE AND ITS APPROACH TO SECURITIES LITIGATION Justin Brereton, Barrister CONTENTSINTRODUCTION .............................................................................................................. 2 PART 1 – BEFORE THE CASE BEGINS......................................................................... 3 INVESTIGATION PROCESS AND ASIC’S LITIGATION OBJECTIVES ............... 3 Notices to produce books ............................................................................................ 3 Compulsory Examinations .......................................................................................... 9 The types of search warrant available to ASIC ........................................................ 13 COMPETING CONSIDERATIONS WHEN COMMENCING LITIGATION .......... 16 The commencement of proceedings and the use of compulsory powers .................. 17 PART 2 – ONCE THE CASE HAS STARTED .............................................................. 20 ASIC’S APPROACH TO LITIGATION GENERALLY ............................................ 20 The obligation to act as a model litigant ................................................................... 20 CONSIDERATIONS RELEVANT TO SPECIFIC JURISDICTIONS ....................... 22 Civil, criminal and civil penalty proceedings – when jurisdictions collide .............. 23 Civil proceedings ...................................................................................................... 28 Administrative Hearings ........................................................................................... 30 ASIC AS ADVOCATE FOR THE INVESTOR .......................................................... 34 ASIC’S GROWING SPHERE OF INFLUENCE ........................................................ 35       INTRODUCTIONJustin Brereton, Victorian Bar 1. This paper accompanies a presentation given by...
Last modified on
Hits: 2545 0 Comments
Rate this blog entry:
Continue reading
  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:...
Last modified on
Recent Comments - Show all comments
  • 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.
Hits: 3285 3 Comments
Rate this blog entry:
Continue reading

Posted by on in BANKSTERS
  The Australian Financial Review recently mentioned Commonwealth Bank (which Nomura’s figures suggest might be most able to wear the dilution of a bid) as a possible contender for Stanchart. So why do we think there’s something to this? Read on..: http://www.macrobusiness.com.au/2012/08/cba-to-buy-standard-chartered/ The big 4 banks' home loan market maybe on the brink of a slowdown ... It's an opportunity for to expand beyond the home loan market ... Note: Fig 10 showing gross loans - geographic mix "You have to ask yourself what regulators would make of it, given they’ve said no big risks for Asian expansion are acceptable for Australian banks. Having said that, you can imagine the kind of pressure that would come to bear on APRA from all quarters if this deal became real. It would be enormous."    ...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    If I were CBA or any of the Big 4 I'd be pulling in my horns and cleaning up my act - big time. There are going to be some signifi
Hits: 2203 1 Comment
Rate this blog entry:
Continue reading
http://www.bfcsa.com.au/index.php/entry/sophisticated-nonsense-from-broker-industry-asic-s-latest-trick What a bunch of prize idiots ASIC are! - and their desperado lobby mates are sneaky and nasty to boot.  The NCCP protects all, not just the consumers. It's because the financial sector has exploited the consumers to the max and been caught red handed that the industry sees the NCCP as protecting consumers while all the dirty laundry is still being collected and attended to, one grotty piece at a time. This is another Bransgroves - blatant self interest for the "poor" accused perpetrators of large scale crime, fraud and sundry legal scams. I'll hold Greg while you hit him for me too, Denise.  Well there's no risk of my situation ever being termed "sophisticated" at any stage of the game - unless they've put the Loan Service Calculator over every source of income to try to turn me into a baby Packer! Just because people have acquired (e.g....
Last modified on
Hits: 2092 0 Comments
Rate this blog entry:
Continue reading
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...
Last modified on
Recent Comments - Show all comments
  • 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
Hits: 2237 2 Comments
Rate this blog entry:
Continue reading
http://www.mortgagesettlements.com.au/downloads/Mortgage%20Fraud%20Article.pdf With lax lending compliances and checking systems, such as exist with No Doc and Lo Doc loans, there maybe borrowers who were taught to take advantage of the opportunity to tell the Bank exaggerated detail, or so it seems.  This opportunity was created by the banks themselves, by offering a product that didn't involve the prudent checks and balances that any reasonable person would expect from a Bank or Lender in Australia.  Then there are the borrowers in our situation: we told the truth and even offered our documentation for checking, only to discover later that our honestly declared financial facts had been changed by bank staff or brokers. Without Lo Doc and No Doc loans it would be well nigh impossible to create a fraud loan... unless I've missed something?  Strict enforcement of all codes, regs and Laws should eliminate 99% of loan fraud. Banning of Lo Doc and...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    It’s good that there are such institutions which help to identify and prevent fraud. We live in times when lots of people become v
  • doyla66
    doyla66 says #
    I'm gonna hate those fraud loan providers forever, they make me their victim a while ago when I was applying for a loan online. I
  • doyla66
    doyla66 says #
    and the longer they drag it out the more money they have to pay out....so to all concerned - ASIC, FOS, ALL GOVERNMENTS - stop pre
  • doyla66
    doyla66 says #
    MrASIC"Wake UP">Fiduciary Duty(care)=banks knowingly not placing consumer'in harms way'-Stop taking sleeping pills.SURELY!!!
  • Denise
    Denise says #
    The big issue: Banks are not permitted to profit from a fraud and will have to forgive (and pay back) all interest, fees and charg
Hits: 3008 7 Comments
Rate this blog entry:
Continue reading