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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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ASIC just simply does as its told whilst Treasury continually state it acts autonomously.  What can we say?  WE are the end users of the system and know the truth of the matter.  Have a read of last years ASIC Annual Reports tabled in Parliament.  I do not have time.  It will show that ASIC receive over $700 million in funds from corporate directors, companies etc, generated by fees and also outrageous search fees - worst in the world. Its a Milking Machine in the banking and finance sector.  Treasury then "allocate a budget" for ASIC.  All revenue flows to Treasury as a CASH COW, then say average $400 million is fed back to ASIC to run six useless offices and do very little for the idea of consumer protection.  Our claims are evidenced by the escalating losses in the billions of dollars in the mortgage loans scandal by pensioners and low income families and also retirees trapped in the diabolical...
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  • doyla66
    doyla66 says #
    Prime Minister Gillard, why can't you see or why won't you see the mess and the fraud involved in our bank and finance institution
  • doyla66
    doyla66 says #
    This Australian banking scam is going around the world quicker than a dose of gastro in a chinese takeaway. Family & friends in t
  • doyla66
    doyla66 says #
    "Consumers are left with no funds to defend themselves or fight back and the bandits escape with the loot." All our regulators are
  • Denise
    Denise says #
    Ah yes, 526 hits world wide in past 24 hours and FLAG list of countries is growing as others "catch on" to the truth down under.
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I asked two questions of Greg Medcraft in my November 2011 letters to him: These vital Questions requiring a very simple response remain unanswered to this day.  The Chairman of the Australian Securities and Investment Commission ("ASIC"), Mr Greg Medcraft, soon to be head of www.IOSCO.org  refuses to provide the public with a sensible response. We know you are an expert on securitisation.  You Sir, are either an expert on mortgage lending practices and maladministration in lending, or you are part of the cover-up.  You cannot continue to sit on the fence and pretend you do not know as you did on Monday on Four Corners. The long suffering public have had enough! Playing the line "what's SAFE for Greggie's career" is disgraceful conduct, and most likely unconscionable conduct worthy of a Royal Commission into Bankster and ASIC.  We shall try again. QUESTIONS TO MR MEDCRAFT – ASIC Nov 2011  On behalf of all consumers of banking products and services in...
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  • doyla66
    doyla66 says #
    Medcraft - an expert? Definition of expert: X = an unknown quantity, SPURT = a drip under pressure. Suitable described, I would sa
  • doyla66
    doyla66 says #
    Ground Hog Day: Medcrafts skill costs US tax payers $11.9b bailout of SocGen, reincarnates as ASIC Chairman creates $11.9+ billion
  • doyla66
    doyla66 says #
    Which Bank? Perhaps Mr Medcraft is to blame .. After all he was an expert..
  • doyla66
    doyla66 says #
    Great info Andy. US Government attorney's serious allegations of fraud & money laundering by the company Medcraft set up? Seven
  • doyla66
    doyla66 says #
    Running a muck in this country seems to be the accepted way of life for these Corporate cowboys - nobody is answerable to anyone.
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RBA quietly increases banks’ bailout buffer afr 6/03/2013  CHRISTOPHER JOYE In a globally unique policy, the Reserve Bank of Australia will supply banks with a permanent bailout facility worth up to $380 billion by 2015. The policy has been designed by the RBA to help banks satisfy stringent new liquidity tests which simulate “acute stress scenarios” that deny banks funding for 30 days under the post-GFC rules, Basel III. Local regulators argue that insufficient liquid assets such as government bonds meant they had no choice but to give the banks a new taxpayer-backed “line of credit” that could be tapped at a cost just above the RBA’s cash rate. Smaller building societies and credit unions are not subject to the liquidity tests and will not, therefore, have access to the bail-out fund. Remarkably few people inside or outside financial markets are familiar with, or understand, this “committed liquidity facility”, which will...
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Thank you for your efforts in adding to this debate and ongoing investigation into the AOFM purchases of RMBS investments.  The main issue that I see is that the Government cannot and ought not to profit from a fraud.  The fraud is in the genesis of the income stream. The Australian Office of Financial Management told the Senate they only did due diligence on the security and not on the loan. If there is just one tainted loan, it is inappropriate to say the least that the Government backs it and therefore all tainted loans must be identified and removed. Surely, you would agree with that Captain?   There can be no other solution.  If the Government on-sell the securities which contain a portion of those toxic loans, then the Australian Government is indeed profiting from a fraud because there is no loss.   That is the issue explained to Parliament that 8-10% of the...
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  • doyla66
    doyla66 says #
    Capt Haddock says: I have seen "under the bonnet". (This is not to take away from the fact that the information is there if you wa
  • doyla66
    doyla66 says #
    Fraud is subterranean by nature & "profit driven". AOFM's deliberate inaction to test evidence defrauds thru "asset lends" unlawfu
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WELL DONE STEPHEN LONG FOR THIS EXPOSE:  featured PRIME TRUST - 26 Highly Illegal Managed Investment Schemes in 2001 PrimeLife investigation, - LM INVESTMENTS promoted by garden guru Jamie Drury; and BANKSIA SECURITIES debacle In 1998, I campaigned for tighter laws for ASIC to use to beef up existing "new" 1996 Corporations Law provisions regarding "Prescribed Interests" whereby supposed protection of consumers was seeing so many retirees lose their life savings within 10 days of receiving superannuation lump sums - and do not fall for annuity scams....... The Australian Securities Commission had achieved nothing in regard to prosecutions despite the new 1992 laws designed to protect consumers.  Thousands of aussie retirees lose their life savings Decades before, due to the banks triggering the Great Depression via Bank Fraud and Greed and citizens suffering, people understandably did not trust banks and for the next forty years they kept tins in the back yard with life savings. The Corporate...
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  • doyla66
    doyla66 says #
    BANK OF QLD BANK - SCAMMERS of the biggest kind, to get you IN. FOS, supposed to protect the consumer, HWL EBSWORTH, are they just
  • doyla66
    doyla66 says #
    It is absolutely shameful how these scum can continually keep getting away with deliberately ripping off decent Australians. Then
  • doyla66
    doyla66 says #
    I watched the 4 Corners show last night and it seemed like someone had their hand up Mr Medcraft's back, making his mouth move: "I
  • doyla66
    doyla66 says #
    I was uncomfortable watching ASIC's Greg Medcraft "smirking" in his interview with Stephen Long. Well Done Stephen Long and your
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TOXIC LOAN SCAM – Bankster Gangster Style - Very simple to figure out.  Same World of Sub Prime:  Guaranteed to have you homeless in seven years.  COST $80,000 profit per dirty loan.  Time bomb is that according to our survey 2012, 10% of FULL DOCS are also toxic arranged directly by bank managers and officers. All loans were computer assessed - tick a box approvals - zero rejections.  Bring in your dead loan apps and we will revise them and re-cycle and refinance so there is no equity or sanity left.....according to insider emails. Banksters control the TOXIC banking and finance environment as well as the property market and its glorious bubbles.  The pumped up market was fuelled by convincing older persons to borrow against the equity of their homes, years after they had finished paying off their mortgages.  The objects of the Bankster affections never expected to buy a second property to avoid...
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  • doyla66
    doyla66 says #
    The more i read of peoples experiences the more & more i want these bastards to pay for every crooked, deceiptful ploy they used t
  • doyla66
    doyla66 says #
    Well I nearly fell over when I found out I had 15 loans in 7 years...I did not know until I joind BFCSA I did not receive anything
  • doyla66
    doyla66 says #
    Banksters set our loan up as a Line Of Credit. This way, we were getting deeper & deeper into debt using the banks loan money as a
  • doyla66
    doyla66 says #
    ' The Role of Money, p. 62-3, published 1934 — For a loan, if it is a genuine loan, does not make a deposit, because what the borr
  • doyla66
    doyla66 says #
    THIS IS EXACTLY WHAT HAPPENED TO US $900,000 LOAN & TOP UPS OF $60,000 & $75,000 a total of 1,035,000. They valued the proerties a
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Dear Prime Minister,                  Re:  Bank Fraud by St George Bank I was 72 last year, when St George Bank informed me that I was responsible for a mortgage of $210,000, which I had never applied for!  I had given my whole of lifetime superannuation payment, plus my inheritance from my mother, to be half payment for a home at Boomerang Beach with my son in law.  He had to get a $210,000 mortgage as part of his half payment. The mortgage broker, carefully trained by the bank, applied for the mortgage on my behalf, without my knowledge or authority.  The loan application was entirely fictitious; very little apart from my name applied to my life or financial status. The application was transmitted electronically to the bank.  No one at St George Bank ever contacted me about this application.  It was approved without my...
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I have decided to respond to Captain Haddock.  My responses are in  RED Comments from Captain Haddock in black: To date the AOFM has invested (not spent) approximately $15 billion. This has been invested in home loans for mums and dads who were clients of lenders other than the major banks including credit unions and building societies. About one third of this investment has been paid back already. If these investments were backed by 10% - 20% "tarnished loans", why has there not been a single cent of losses recorded on any of these investments? All these transactions are the subject of continuous open reporting disclosing the performance of all the loans. There have been no issues. Thank you for that clarification CH.   If the RMBS packs are created by subsidiaries of the Major Banks, what happens then?  If investments have been “paid back,” you have admitted it was via investments (not...
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  • doyla66
    doyla66 says #
    I understand that you are not going to believe me about the AOFM's investments. Frankly it is a little unfair because I have an a
  • doyla66
    doyla66 says #
    'Figures don't lie; liars figure.'
  • doyla66
    doyla66 says #
    100,000 complaining soon Mr CH. Announce yourself? RBA says,"since there is currently no regulatory standard for RMBS reporting &
  • doyla66
    doyla66 says #
    Andy, I have commented on the AOFM's processes above so I have not repeated myself. If everything you were saying was correct, we
  • doyla66
    doyla66 says #
    Notably, no reply to AOFM conducting a "single" probity check of RMBS file/s, notwithstanding 1000+ BFCSA members holding concrete
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There are stories flooding in to this site and too many to publish, but the sadness is the same and a growing groundswell of anger.  A New Zealand Prime Minister said hello to me as I walked along to speak with her Minister 2008.  I spent two weeks with the help of EUFA volunteers in gathering documents and speaking with so many wonderful people who were all victims of the New Zealand Mortgage Scandal.  At each gathering hundreds turned up to the eight venues across the nation.   I was warmly made welcome and people gathered around for hours after each session.  It is a lesson in collectivism and community and supporting each other. Now New Zealanders are sending their support to YOU.  WE are sending our support back to our NZ cousins.  What is wrong with the Prime Ministers of both countries?  Do they not see the looming crisis in the banking sector?  The DIRTY...
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  • doyla66
    doyla66 says #
    Yes, 7 years later, we ourselves have reached the stage where we are in default (unofficially- as he CBA want to keep it quiet), s
  • doyla66
    doyla66 says #
    'you are expected to lose your homes within 7 years'... i feel sick... Agree with you ali, what is wrong with our prime ministers,
  • doyla66
    doyla66 says #
    What is wrong with the New Zealand and Australian Prime Ministers? Why have they not seen this crime a long time ago? Why do they
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Australian Banksters have attempted to enslave consumers for life.  Till Death do you PAY and beyond the grave.  Banks are sucking up every ill-gotten dollar they can lay their hands on.  DE REGULATION has caused this grief   Not one Regulator was asked by Treasury to check the LENDING POLICY GUIDELINES.  Naturally, Banks took advantage of this opportunity to rape pillage and plunder all age groups financial security and wipe out any chance of getting ahead in this country.  LIBERALS turned their back, followed by LABOR propping up Bankster driven nefarious activities.  Its the NATIONALS who are screaming out and in particular Senator John Williams.   Banksters lowered their lending standards.  The Broker Channel is doomed.  Ask yourself WHY?  Why didn't banks place a piece of paper in their shopfront windows saying: WE DO LOW DOCS here?  Why use the very very expensive Broker Channel Model?  To create the six degrees of separation away from the crime scene of fraud and corruption;...
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  • doyla66
    doyla66 says #
    If we had the same justice system as the Iranians, there would be no need for us to be posting here.
  • doyla66
    doyla66 says #
    I agree. 25 years minimum jail time for these corrupt bank executives covering up this criminal fraud. Better still, execute them
  • doyla66
    doyla66 says #
    When are we going to get some justice in this country - our Government is an absolute joke. In our view they are not a Government
  • doyla66
    doyla66 says #
    Our corrupt Banksters should be given a good flogging before being jailed for 25 years. I hope they have all their ill gotten gai
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Dr John Laker, Head Bozo at Australian Prudential Regulation Authority ("APRA") It seems we cannot see Government induced legal remedies that deal with slack or stupid (or corrupt) regulatory chiefs.   Dr Laker said he would would love a piece of paper saying "thou shalt not be stupid."   Laker stupidly forgot to advise Federal Government that RMBS packages could well be tarnished by the 2008 revelations of foul practices in residential backed mortgage securities on the world stage.  Taxpayers own billions of dollars of worthless "income streams."  If you did not know that in 2008, shortly before the stunningly stupid commitment to purchase RMBS Packs by the AOFM, it’s because all three chiefs admitted no audits took place and never gave that little gem a second thought!!!!  Really?  You read all about America and then failed to look under the bankster rugs here in Australia?   Here is the piece of paper you crave Dr John Laker: Thou shalt not...
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  • doyla66
    doyla66 says #
    To date the AOFM has invested (not spent) approximately $15 billion. This has been invested in home loans for mums and dads who w
  • doyla66
    doyla66 says #
    Why were there no audits authorised? was it because they all knew they were dodgy? and why did you not take any notice of the info
  • doyla66
    doyla66 says #
    Time to put a stop to this blatant, systemic corruption in the Australian banking & finance industries. This cover up cannot be al
  • doyla66
    doyla66 says #
    EXACTLY! Well said Denise. Our loan was securitized...WE HAVE PROOF STOP THE PRESS! Mainstream media will NEVER report the trut
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Celebrated Artist Margaret Girle, has agreed to assist us with her skills as an artist and cartoonist. Watch the CARTOON Button above...........almost loaded and then welcome new cartoons every Friday and Monday....time to laugh a lot on those two days.  Yes folks, despite the despair of Banksters trying to steal homes, despite the dodgy home loans and tragedies, despite the regulators continually saying "there is little we can do...", our BFCSA COMMUNITY does have a very funny sense of humour. Stay Tuned.  Meanwhile ring your favourite shock jock on radio and tell your story about what the Banksters did to your lives, wives, off-spring, parents and lovers.  Its almost AUTUMN and time for a BIG BFCSA CYBER BUSY BEE. Your turn to do something and be thankful BFCSA is in existence in a major way.  What of your SKILLS can benefit all of us as a BFCSA Community? Its your issue and you need to own...
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  • doyla66
    doyla66 says #
    If you are thinking of getting a MORTGAGE from a NON BANK LENDERS - say NO - as there is no legislative protection. From this comm
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OUR BFCSA WEBSITE sticks to the facts.  We have spent ten years gathering EVIDENCE against the Australian banking system.  Our members are angry as they were never told the truth regarding Sub Prime Lending practices at any level: Not from the political levels, not from the regulatory schimozzle and naturally,  not from the Banksters themselves.  All parties connected to Government have been involved in cover-ups and lying to our BFCSA Members and previous RECA Members.  This site is edited (three editors) several times daily to ensure only the TRUTH is being told to the world.  We are not interested in outsider uninformed opinions, we are interested in FACT and the valued opinions of those who are victims of this crime.   Those persons have a right to be heard and this site provides the aggrieved with a voice: a members only and private commentary forum.  Bush lawyers who invade that space are also prohibited from upsetting others.  We care deeply about every one of our members.  It...
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  • doyla66
    doyla66 says #
    APRAs Warren Scott & Freedom of Information Commissioner, James Popple, you are covering up CRIMINAL FRAUD that the corrupt Banks
  • doyla66
    doyla66 says #
    Bank secrets hidden. APRA warns releasing information "may affect the stability of Australia's economy" THEY are 12 secret docume
  • doyla66
    doyla66 says #
    Why would every politician in Australia not be up in arms about this Bankster scam? Their spin doctors must be working overtime k
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It seems everyone in the banking system involved with sales and credit assessment, knew that for 14 years, loans were not being verified or properly assessed by humans.  Instead imprudent loans were being assessed by robots.  Certainly, we have uncovered the awful truth that Brokers and Borrowers were being kept in the dark like mushrooms.....until now.  Income figures were being manufactured by ZIPPY, SKIPPY and SPEEDY and other cyber relics.  Brokers were told "Skippy will do the math and you then write down the assessment income figure on the form as being acceptable and AFFORDABLE!"   "Its an accounting calculation......all banks use this system."   BFCSA MEMBERS NOW KNOW!!!  BANKING AND FINANCE REGULATORS WERE TURNING A BLIND EYE It is the BFCSA Members and our BFCSA Community Teams that have broken down the final barriers to understand how $100 Billion worth of bad loans were flooded onto the market place.  RMBS packages have been bundled up...
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  • doyla66
    doyla66 says #
    Australia’s banking regulator (APRA) insists on spinning the yarn that Australian banks are just fine, so don’t worry about anythi
  • doyla66
    doyla66 says #
    Corrupt Bank executives have been deliberately defrauding the Australian people for years and MUST be prosecuted & jailed. The cor
  • Denise
    Denise says #
    Australian and NZ Banks "Too BIG To Fail?" Icelanders have shown us the way forward. WE have been caught by an identical bank hei
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COSL LICENCE MUST BE REVOKED IMMEDIATELY Too many complaints back from our members that COSL are not even attempting to investigate claims.  In two years of testing COSL there has not been one satisfactory outcome. NOT ONE!  COSL is a sham.  ASIC licences COSL to be a miserable excuse for looking after the interests of non bank lenders.   The problem is this: they have no powers according to them.  They cannot ask brokers for a copy of the Loan Application Form as they may be shredded.  Now where have we heard that before? How can we at BFCSA, as Australia's foremost advocacy service on bank fraud, in good conscience  suggest people try COSL?  That's what ASIC do in letter dated 14th February, knowing COSL only favour the banks. Its a sham EDR service.  The COSL Licence ought to be cancelled immediately for this reason: ITS A SHAM IF PEOPLE BELIEVE AND EXPECT THEIR COMPLAINTS WILL BE PROPERLY...
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  • doyla66
    doyla66 says #
    Maybe COSL will prove us wrong ?? Just heard back from COSL again. Our Case will now move to the NEXT STEP - Conciliation and Inve
  • doyla66
    doyla66 says #
    ENOUGH IS ENOUGH. These CORRUPT regulators and their CORRUPT executives need to be investigated for CRIMINAL conduct. Bribery must
  • doyla66
    doyla66 says #
    Mr Medcraft from ASIC definitely knows how the banking system works and is playing games with his buddies at our expense. ENOUGH I
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Note from BFCSA Members:  You Sirs, at ABA and your wretched members have shown scant regard for S25 of the Banker Code re loan “affordability”, scant regard for Australian Citizens and their financial well-being and scant regard for Criminal Law.  Your members are stealing from investors, stealing from borrowers and also stealing from their Broker Agents.  Like thieves in the night (and day) you have no friends.  Your cartels and conspiracies to defraud using the ZIPPY MODEL will be the undoing of our banking system.  You should all be locked up.  Your doomsday is nigh.     Suck it up Gentlemen!!! Royal Commission into the Australian Banking System Urgent ABA furious as ACCI compares banks to highway robbers http://www.brokernews.com.au/news/breaking-news/aba-furious-as-acci-compares-banks-to-highway-robbers-148732.aspx The Australian Banker’s Association (ABA) has lashed out at Australian Chamber of Commerce and Industry (ACCI) chief executive, Peter Anderson, following an article in which Anderson likened the major banks’ refusal to pass...
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  • doyla66
    doyla66 says #
    The RBA is a body corporate. RESERVE BANK ACT 1959 - SECT 76 Attorney of Bank The Bank may, by instrument under its seal, appoin
  • doyla66
    doyla66 says #
    The blame for this mess goes entirely to our Political leaders and our Prime Minister who allow the banks to illegally foreclose o
  • doyla66
    doyla66 says #
    Highway robbery is correct. Banks are the modern day equivalent of thieving crooks and deserve to be treated in the same way as Hi
  • doyla66
    doyla66 says #
    "funding cost pressure that banks used as justification" WHAT COST PRESSURES?? All paid for with money that cost these banks noth
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If you know the answer to this one, please email me. AND when did "SKIPPY the Computer" arrive in Australia?  Common you Brokers, give us a  few clues.  We are on your side.  The computer fudged your figures after it was faxed. We have the proof......it became the norm with three people's hand writing on the LAF across all states of Australia.  Credit Assessors would tweak your forms after they left your hands. That's why banks suggested you SHRED THE LAFS as they are no longer relevant. We have discovered probable existence of 100,000 fraudulent LOAN APPLICATION FORMS and PRIME MINISTER SAYS NO TO ROYAL COMMISSION into Banksters? Joe Hockey says No to inquiry into banks.  What is going on here, down-under? Why did ASIC approve this type of SUB PRIME LENDING?  Chairman Medcraft was a key player in New York, did he not see the danger? This email address is being protected from spambots. You need JavaScript enabled to view it.  ...
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On 23rd May 2007 emails went out to all Brokers in Australia who were part of the Bankster's secret Broker Channel:   "OUR COMPUTER APPROVES LOANS IN 2 MINUTES." Can someone please tell me when ZIppy was first used in the US and when Skippy started here in Oz? Who was the original engineer? Our Members have expressed this desire time and again given the overwhelming evidence of SUB PRIME LOANS approved within two minutes by SKIPPY the Computer - everyone had to have one a loan approved by a COMPUTER - same as "ZIPPY" in the US and "SPEEDY" in other counties. This email address is being protected from spambots. You need JavaScript enabled to view it.   The first Political Party with the courage to say "YES WE NEED A ROYAL COMMISSION INTO BANKING AND FINANCE and we need an urgent start date with broad Terms of Reference"......is the winner. Those who cover up the Australian Mortgage Scandal will be the ultimate losers....
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Sean Butler has created a website.  Sean is a decent person whom I had the pleasure of meeting on 8th August 2012 at Parliament House.  He gave evidence soon after ASIC which was after me at 2pm http://www.challenger-info.com/ You should read his site on Brian Benari and CHALLENGER SUPERANNUATION FUNDS These are Sean’s stories: http://au.news.yahoo.com/thewest/a/-/breaking/14513165/bankwest-insolvent-before-sale/   http://www.theshout.com.au/2012/08/10/article/Publicans-explosive-allegations-at-Senate-banking-inquiry/ENETQUOFIU.html   http://www.theshout.com.au/2012/08/08/article/Publicans-condemn-Bankwest-as-Senate-inquiry-starts/EKYXHPMTGE.html   Sean has decided to reveal basic truths about Brian Benari in relation to his case.  On 8th August Sean gave evidence in the Senate Inquiry into Banking. Sean hope to warn those who have come across this man Benari – this serves as a genuine warning to others. Problem is Benari is now the CEO of one of Australia’s largest investment Banks and in the view of previous customers is not a fit and proper person to hold that role. "If he treats investors in Challengers investment products the way he has treated...
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  • doyla66
    doyla66 says #
    Greetings, I have known Sean Butler since we were flatmates together at university. I was bestman at his wedding and over the
  • doyla66
    doyla66 says #
    Thank you Denise, BRIAN BENARIs behaviour in our case is a disgrace. If this warning stops him doing the same to others it will b
  • doyla66
    doyla66 says #
    Time for these greedy, immoral, financial psychopaths to be held accountable for their CRIMINAL actions. I cannot believe that the
  • doyla66
    doyla66 says #
    EXACTLY KYLE. I too have read Sean's website. Challenger is challenged in the head, for keeping on paying this con artist Benari
  • doyla66
    doyla66 says #
    I have read Sean Butlers evidence to Parliament. Sean Butler is a decent man that has been a victim of legalised extortion by thos
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ASIC ADMIT FRAUD. OMG Wakey Wakey at last!!! ASIC is admitting the "F" word exists but they are still blaming brokers.  IT'S THE BANKSTERS you useless dunderheads.  KPMG agree - oh yes auditors for Westpoint....and a few other dodgy collapses.  MFAA know its the Banksters (only three brokers per year prosecuted). MFAA Members know it’s the Banksters and ZIPPY SKIPPY .  Naylor states its a “rare fraud" ...... Philip just try and mouth: "a whopping $120 Billion in dirty loans and you would be closer to the mark!" The HIGH COURT agreed its the BANKSTERS:   22 June 2012.  It's only taken ASIC 2001 - 2013 to wake up from their 12 year slumber job and they are still blaming brokers.  One prosecution last year under 2009 NCCP laws.  WOW a milestone for ASIC.....took lots of effort there chaps.  330 Investigative staff to squash one broker like a bug!    Please Prime...
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  • doyla66
    doyla66 says #
    Asic are fully aware that they are committing a crime by covering for the bank's dodgy loans thus thousands are being evicted and
  • doyla66
    doyla66 says #
    ASIC are a totally corrupt organisation that MUST be investigated for their corruption. These scumbags have had too many backhande
  • doyla66
    doyla66 says #
    EXACTLY, well said all. Just posted request for Royal Commission to Prime Minister, Treasurer, Tony Abbott and MP Truss... and AS
  • doyla66
    doyla66 says #
    Excellent posts Neil. By the way..."ASIC a law unto themselves..." Metcalf and his bent buddies didn't recon they had to deal with
  • doyla66
    doyla66 says #
    dear members before imformation on low doc-no doc loans came to light,we thought our bank was ok(what gullible fools we wer
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