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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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Subscribe to this list via RSS Blog posts tagged in RBA Fraud
  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:...
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  • 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.
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Video: http://www.abc.net.au/7.30/content/2012/s3588021.htm Australian Broadcasting Corporation Broadcast: 11/09/2012 Reporter: Nick McKenzie Following our story on the bribery scandal centring on the Reserve Bank of Australia, new evidence raises questions about the RBA's response. Transcript LEIGH SALES, PRESENTER: The scandal over alleged bribery and corruption in companies owned by the Reserve Bank is deepening.Explosive new evidence shows that RBA subsidiaries paid more than $3 million in commissions to a Malaysian arms dealer to secure bank note contracts in Asia. Even after the arms dealer was sacked for corruption, the payments continued with the RBA's approach.The revelations pose serious new questions for Reserve Bank Governor Glenn Stevens about what the bank knew of Australia's worst corporate corruption case.Nick McKenzie has this report, with Richard Baker of The Age.NICK MCKENZIE, REPORTER: The bribery scandal that is engulfing the Reserve Bank of Australias has reverberated across the globe. Last year in Kuala Lumpur, the former assistant...
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  • doyla66
    doyla66 says #
    "incorrect conclusion"(b.s)whistle-blower approached RBA-Deputy2007;Aust-Treasurer ignored & media expose2009. Go figure? Who's ly
  • doyla66
    doyla66 says #
    Well with the names these corrupt go betweens have i would have been inquiring of their status and credibility, which bank they re
  • Denise
    Denise says #
    The 7.30 Report investigation into the RBA and Securency, now deepens the need for a ROYAL COMMISSION INTO THE UTTERLY WICKED AUST
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        I'm wondering how many of our political representatives, people in regulatory organisations, key personnel in industry representative groups and superannuation funds have invested in Residential Mortgage Backed Securities? Or banks?  How would most people know where their money was invested when they give it to a fund manager, MIS or superfund scheme?  It would stand to reason that people in powerful positions could be influenced by their investments and self-interest.  Is it possible that any of them received RMSB investments as 'gifts' from the banks? Is it possible that any of them have no idea, forgot to look or failed to declare their or their company's, family's, trust's investments in RMBS?   I understand there is a register of the assets and investments held by our parliamentarians. Does anyone know where to find it? Is this open for public viewing?  How does this essential area of transparency and...
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  • doyla66
    doyla66 says #
    I laughed quite a lot at that picture - it is simply terrific - says it all doesn't it
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Please forgive me if this has already been posted before ... Lisa     AAP  August 22, 2012 12:11AM   THE Australian Greens will move for a royal commission into whether the Reserve Bank of Australia (RBA) covered up evidence of bribery by its note-printing subsidiaries. The scandal was exposed in the media in mid-2009.A committal hearing in Melbourne last week heard eight former executives of the wholly RBA-owned NPA and the part-owned Securency were involved in a conspiracy to bribe public officials at foreign banks in trying to secure contracts to make plastic banknotes. But ABC Television reported on Tuesday then NPA company secretary Brian Hood detailed corruption concerns in the mid-2007 memo to then RBA deputy governor Ric Battellino. Greens banking spokesman Adam Bandt said he would move for the establishment of a full independent inquiry into the banknote bribery scandal. "The inquiry should have the powers of a royal...
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  • doyla66
    doyla66 says #
    The Greens want a royal commission into the RBA. Can't we add the Bank fraud loans in as well, or does the RBA atter and Loan fra
  • doyla66
    doyla66 says #
    Well, that's politics.
  • doyla66
    doyla66 says #
    So Mr Bandt wants to focus the RC on this? Ummm - I thought there was much bigger picture of banking fraud being perpetrated than
  • doyla66
    doyla66 says #
    Royal-Commission = RBA lost paltry few $m -v- Bank Fraud_loans $50b>$100b = ummm Royal Commission? Why? Come again????
  • doyla66
    doyla66 says #
    Check this one out along with a post I did (about two or three posts ago), where the CFO pleaded guilty and then spilt the beans s
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  AAP August 25, 2012 1:22PM THE chair of a parliamentary committee says the bribery scandals at the Reserve Bank's two banknote-making companies could prompt the government to establish an anti-corruption body for federal agencies. Allegations were raised again in the past week about the bank's wholly owned subsidiaries Note Printing Australia and the part-owned Securency, where staff bribed foreign officials to gain contracts. Labor MP Melissa Parke, chairwoman of the joint Australian Commission for Law Enforcement Integrity committee, said the government should canvass the option of creating a national anti-corruption body for commonwealth agencies. "The recent revelations concerning the RBA have laid bare the gaping hole in the oversight of the commonwealth public sector," Ms Parke told ABC radio on Saturday. RBA governor Glenn Stevens told a parliamentary economics committee on Friday that there had been "no cover-up". In a prepared statement, Mr Stevens defended the central bank's dealings on the issue,...
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  • doyla66
    doyla66 says #
    Thanks to all for understanding on where I was going with my blog. I send lots stuff to the Herald and other papers. But so far no
  • doyla66
    doyla66 says #
    I agree with you, Blackedout. Human beings have taken a back seat to fish and trees. Time we spoke out and suggested that they got
  • doyla66
    doyla66 says #
    I have email Melissa Parke on the low doc con. Her response was that she didn't feel there was systematic problems in the banking
  • doyla66
    doyla66 says #
    I read that about the trawler & protest in Fremantle Herald today. Given that it has been known about since 2008, you have to ques
  • doyla66
    doyla66 says #
    Yes - really good idea Similar observation ... pollies looking for a safe pre-election cause to define their relevance? ... or l
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  Still waiting to recover fire in the belly by: Peter Switzer From: The Australian August 18, 2012 12:00AM   Westpac chief economist Bill Evans says talk of interest rates rising may be spooking consumers. Source: Herald Sun   JUST when we thought we had an improving economy, consumers have failed to give the work of the Reserve Bank and the Gillard government the thumbs up. Ironically, the news of a 2.5 per cent fall in the Westpac consumer confidence index to a disappointing 96.6 in August coincides with a rise in the NAB business confidence index to 3.9 in July, from -2.9 in June. It is the first rise in business confidence in three months. The great entrepreneur and business builder Gerry Harvey is bewildered about how tough conditions are right now. The NAB business conditions index fell to -3.5 in July from -1.1 a month earlier, which would seem...
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Posted by on in Bankers A Law Unto Themselves
Fresh charges expected against RBA Manager. FURTHER charges are expected to be laid against a senior Reserve Bank official who is accused of defrauding nearly $50,000 from one of its subsidiary companies. Wayne Kevin Jackson, 54, is already facing three charges related to $47,550 he is alleged to have dishonestly appropriated from Note Printing Australia on May 11 this year. He is also charged with going equipped for theft on the same day.Prosecutor Elli Lewis told the Melbourne Magistrates Court on Tuesday further charges relating to dealing with about $500,000 worth of proceeds of crime are expected to be laid against the Reserve Bank manager. She said a forensic accountant needs to examine Jackson's financial records and information relating to his salary has to be sought from the RBA. Magistrate Peter Reardon extended Jackson's bail and adjourned the case until September 5. Read Story Here: Small Potatoes but at least it has...
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  • doyla66
    doyla66 says #
    Thanks, STM, for posting this information. Sounds like the fun is just beginning Let's get this show on the road!
  • doyla66
    doyla66 says #
    perfect timing FOR SURE!
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