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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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There are some readers who can put into words better than I can, what is really going on here.  You see readers, I am not a victim.  I am just a lowly citizen who suddenly woke up to see a crime being committed on innocent people and said "what is going here with Australian Bankers?" Roy W capably articulates the grass roots watching of lives being destroyed because of greed.  Torch the getaway car, throw the gun in the river, shoot the witnesses, burn the house down, all these classic cases of destroying evidence have made for two hours of great viewing at the cinema. Then there is the real life situation of shred the Loan Application Form, burn the service calculator and flush the Original Customer Contract, this has made for a lifetime of fun for Bank CEO's super driven by GREED. The only ones not enjoying this ride are the customers affected...
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  • doyla66
    doyla66 says #
    Thankyou Roy, well said and good to hear your constructive thoughts and getting to the real truth. This would make an exellent sub
  • Denise
    Denise says #
    Is there any decent banking and finance product that Bankers have not bastardised? I would be fascinated to see one. [email protected]
  • doyla66
    doyla66 says #
    Well written Roy, I do believe blind Freddie can see what system the evil bankster world has made up to pillage the trusting borro
  • doyla66
    doyla66 says #
    Brilliant - bravo Roy and thankyou.
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Treasurer Joe Hockey is not the only one with a close family member ripped off by Banks.  There are others.  We are planning a big contingent of people to Canberra in November.  Every victim will want to be front row to hear Australian Securities and Investment Commission's lame duck excuses for seeing all and doing nothing.    BFCSA voices will inspire the timid and embarrassed to also come forward.  Anyone wish to arrange a bus from Sydney?  Talk to me.  Dates have not been set as yet.  We will keep you posted.   Meanwhile FOS (Financial Ombudsman's Service) is closing files where loans were arranged in 2006 or earlier.  Statute of Limitations can only apply from when people "were aware of the affability issue."    FOS would not be able to get away with such nonsense in a court of law, but then this is a game to assist Banks.....................   Statute of Limitations for...
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  • Denise
    Denise says #
    Hi Anton. It was his Mother in Law. If the bubble bursts yes Shareholders have been given fudged figures as to the true exposure
  • doyla66
    doyla66 says #
    I would like to say firstly great information for anyone new reading these blogs well written by everybody involved. I have a few
  • doyla66
    doyla66 says #
    Victims face loosing everything all because Fos can't or won't look at cases after or before a certain date or because they exceed
  • doyla66
    doyla66 says #
    FOS are stooges, even if you send them evidence, the banks just have to tell FOS it was a mistake or misunderstood as they did in
  • doyla66
    doyla66 says #
    Well said, Denise and Nanna. That's what's going on. We can see it all as we peel away the layers of the complex fraud. ASIC tal
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David Collyer was right. Denise's evidence and assertions are based in many years' research. There is no room for speculation in the black and white of her evidence. It's FRAUD. What is more it is intentional, premeditated and well organised systemic fraud. How can the regulators and the politicians deny the facts and keep their credibility? They can't. Further evidence has been revealed since the initial hearing at the Senate Inquiry. It underlines the even greater need for a Royal Commission. The Australian public want the truth. Investors want the truth. Borrowers want the truth. Our international reputation is also under scrutiny. Surely it is part of the job description of any chief regulator or parliamentary representative to supply informed, well-researched answers not off the cuff comments based on assumptions and their own opinion in order to protect their jobs! They are paid handsomely to supervise and ensure the stability our...
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  • doyla66
    doyla66 says #
    Thankyou Carol, Andy and Peter. Our parliament is handicapped by the past and by their party political histories. Those days are
  • doyla66
    doyla66 says #
    What an Increditable post Lisa, every one of our weak and gutless politicians,heads of APRA, ASIC,COSL, FOS and Federal Police sho
  • doyla66
    doyla66 says #
    Watch this Space: Vote[1]LisaMartin Vote[1]DeniseBrailey - perhaps sit opposing sides "broom the middle"(save the worthy/repentant
  • doyla66
    doyla66 says #
    Politicians and bank executives take note: KNOWING & FAILING TO ACT IS A FAR GREATER CRIME. If you work in a bank and can provide
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Comment: Australian's put their lives and everything they value at risk everytime they deal with an Australian Bank or the Australian legal profession. Both are a disgrace "with notable execeptions". It is like Russian Roulette. The risks are too high, according to those whose eyes have been opened to the truth about Australian banking culture. Our politicians, once again, "with notable exceptions" should also be ashamed of themselves. Not only did they not want to listen, not want to act but they systematically attempted to gag our political representatives who wanted to raise such issues in parliament. Those who participated in this disgusting conduct are a total disgrace. We will name and shame them if this conduct EVER happens again in OUR Houses of Parliament. Stay away from the Australian Banking and Financial Sector until a committed and thorough investigation followed by a total overhaul of the regulatory systems and a...
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  • doyla66
    doyla66 says #
    "The legal professional has no such excuse, having seen the whites of the eyes of parties to unequal exchange."
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