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
749360

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 senate hearing APH
  SENATE ECONOMICS REFERENCES COMMITTEE Inquiry into the post-GFC banking sector   QUESTIONS ON NOTICE http://www.aph.gov.au/Parliamentary_Business/Committees/Senate_Committees?url=economics_ctte/post_gfc_banking/submissions.htm Replies have been received from Bank West RBA Westpac Commonwealth Bank Treasury   Bankwest 10 August 2012   Question 1 (Hansard Ref: p. 57)   Senator WILLIAMS: Why has Bankwest registered the websites unhappybanking.com and unhappybanking.com.au?   The domain names in question were registered by Bankwest before the launch of the unhappybanking.net.au site. It is not unusual for an organisation to take steps to protect its brand through registering domain names that may have a likeness to the name or other aspects of the brand.       Question 2 (Hansard Ref: p. 64)   Senator WILLIAMS: You have given us the percentage of your customers who are impaired et cetera—a very good percentage. Do you know what percentage of your customers who were developers on the east coast became impaired?   Mr De Luca:...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    Well, after reading those answers I doubt that this bank could ever be truthful. Re: the question regarding Geoff Shannon's unhapp
Hits: 3121 1 Comment
Rate this blog entry:
Continue reading
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...
Last modified on
Recent Comments - Show all comments
  • 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
Hits: 2755 3 Comments
Rate this blog entry:
Continue reading
"A Royal Commission into the Australian Banking Sector is our democratic right. To deny us that right is truly unAustralian."   There are many strong arguments in favour of holding a Royal Commission into Banking with wide terms of reference.  One of the side effect of the Royal Commission is its capacity to bring the issues into every Australian home through the main stream media. This in turn will generate far greater awareness of the serious anomalies and inherent risks within the Australian Financial Sector. It may also answer the questions for so many Australians whose lives have been smashed by the deregulated "free market" Australian Financial Sector, directly and indirectly, including the big ones: Why weren't we told? How could this be allowed to happen in Australia? Consumer protection isn't for just for the elderly - it benefits all Australians. We've been badly misled by those entrusted to protect us,...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Yes, infestation of "Mainstream" banking Full-Doc products must be a game changer & raise the necessary eyebrows , if not, the cur
  • Denise
    Denise says #
    Thanks for your kind thoughts Hugh. I met with Geoff in Canberra and also other members and they support our efforts and our peti
  • doyla66
    doyla66 says #
    Hi Denise & BFCSA Members, Why not join forces with Unhappy Banking, link together to call for the Royal Commission? More Support
  • doyla66
    doyla66 says #
    Good idea Hugh. UNHAPPY BANKING also has good evidence about the BANKS FRAUDULENT activities.
  • doyla66
    doyla66 says #
    Hi Denise & BFCSA Members, Why not join forces with Unhappy Banking, link together to call for the Royal Commission? More Support
Hits: 3154 6 Comments
Rate this blog entry:
Continue reading
The Senate Inquiry, last week, was told that Australian is losing its taste for credit. The demand for home loans is probably dropping as well. Borrowers are paying off their home loans more quickly. So where are the lenders going to find more clients willing to sign up for credit to keep their bottom line? And are the lenders getting the message yet: more Australians are a wake up to credit rorts these days and are shopping around for better - and straighter - deals. It was too much to expect that all dodgy deals and credit tactics would stop last week when the banks got a collective attack of conscience over their lending "mistakes"! It's still going on ... in other credit markets ... This story is not about a Lo Doc Home Loan. It's about a vehicle leasing agreement with similar problems. Steve, the maintenance guy, went to replace...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    I was talking with my 20yr old son about this. There has been a proliferation in the media (radio/tv/net) about tradies vehicles f
Hits: 1943 1 Comment
Rate this blog entry:
Continue reading
Senate Economics References CommitteePublic HearingInquiry into the post-GFC banking sector Friday 10 August 2012 Jubilee Room, NSW Parliament HouseSYDNEY PROGRAM 8.30 am – 9.15 am Mr Paul French and Mr Geoffrey Reiher (submission 104) 9.15 am – 10.00 am Mr James Neale (submission 54, 54A) 10.00 am – 10.45 am Mr Geoffrey Shannon (submission 118) 10.45 am – 11.00 am Break 11.00 am – 11.45 amING DIRECT (submission 103)Mr Vaughn Richtor, Chief Executive OfficerMr Glenn Baker, Chief Financial OfficerMr Bart Hellemans, Chief Risk Officer 11.45 pm – 12.30 pm Mr Guy Goldrick (submission 56) 12.30 pm – 1.30 pm Lunch break 1.30 pm – 3.00 pmBankwest (submission 80)Mr Rob De Luca, Managing DirectorMr Ian Corfield, Chief Executive, Bankwest BusinessMs Sue Tindal, Chief Executive, Strategy & Reputation 3.00 pm – 4.00 pmNational Australia Bank (submission 79)Mr Mark Joiner, Executive Director and Chief Financial OfficerMr Bruce Munro, Chief Risk Officer 4.00 pm Adjournment...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    Yesterday afternoon I collected my son from Murdoch Train Station after he had been to Uni & after the usual chit chat of how's yo
Hits: 2354 1 Comment
Rate this blog entry:
Continue reading

Posted by on in BANKSTERS
I've read somewhere that banks make money in numerous ways when a borrower default, especially a business borrower. Could anyone enlighten me on this? If this is true then maybe banks don't like borrowers defaulting just because it's extra work. If bank do make money from defaults in ways that most people probably don't know about then we should tell the Senate Committee.   BTW - people have been horrified by what was done to Sean Butler and to the farm animals left to starve. Nice people can't believe this is happening, nor that Sean Butler was threatened by a firm the day before he was to give evidence at the Senate Inquiry. At least if they do anything to him everyone knows now and he can tell the Senate. It's like something out of a gangster movie.  ...
Last modified on
Hits: 1733 0 Comments
Rate this blog entry:
Continue reading
Senate Economics References CommitteePublic HearingInquiry into the post-GFC banking sector Thursday 9 August 2012 Jubilee Room, NSW Parliament HouseSYDNEY PROGRAM 9.00 am – 10.00 amWestpac Group (submission 34)Mr Jim Tate, Acting Chief Operating Officer, Australian Financial ServicesMr Richard Gray, Executive Director of Regulatory Reform, Group Finance 10.00 am – 10.45 amAbacus - Australian Mutuals (submission 150)Mr Mark Degotardi, Head of Public AffairsMr Luke Lawler, Senior Manager, Public Affairs 10.45 am – 11.00 am Break 11.00 am – 12.00 pmAustralia and New Zealand Banking Group (submission 78)Mr Graham Hodges, Deputy Chief Executive OfficerMs Jane Nash, Head of Financial Inclusion & Capability 12.00 pm – 1.00 pmCommonwealth Bank of Australia (submission 81)Mr David Cohen, Group General Counsel, Group Executive, Group CorporateAffairsMr Michael Cant, Executive General Manager, Retail Products & CustomersMs Lyn Cobley, Executive General Manager, Group TreasuryMs Kelly Bayer Rosmarin, Executive General Manager, Corporate Banking Solutions 1.00 pm – 2.00 pm Lunch break...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Did anyone take notes on today? I got to tune in towards the end of the Federal Reserve and Apra hearing? However, what I heard
  • doyla66
    doyla66 says #
    Does anyone have any info on the presentations by these 2 bodies to the inquiry today? They're "supposed" to be regulators of some
  • doyla66
    doyla66 says #
    Yes thanks so much Lisa
  • doyla66
    doyla66 says #
    Lisa you are really researching this whole issue and giving everyone valuable info to work on.
  • doyla66
    doyla66 says #
    Thanks Lisa, much appreciated
Hits: 2222 6 Comments
Rate this blog entry:
Continue reading
You presentation was amazing and strong. You proved that truth and decency have a power beyond belief. Your words rang out the death knell for the lies of bankers and their lawyer mates. I knew you'd do it and you did. Thankyou so much for taking on the Senate, Banks, Law, ASIC and all today. No more "business as usual" banking. A Royal Commission into Banking is coming. Lisa xx      ...
Last modified on
Hits: 1508 0 Comments
Rate this blog entry:
Continue reading

Posted by on in Bankers A Law Unto Themselves
Phil Naylor CEO - Mortgage and Finance Assoc of Aust Figures from 1993, 2005 and now.  Small lenders are the canaries in the coal mine, and as they suffocate the industry goes down. Canada's securitisation works well. Senate: "Treasury earlier to day told us that characteristics of the market" MFAA: "Big banks have 80% of the market and smaller lenders are not able to source the funds - generally yes" Senate: "Main issue is providing competitive funds.  How can we improve access to funds" MFAA: "Short term measures i.e. govt buying RMBS, was to kickstart the securitisation market.  Please have a look at Canada" Senate: "What are the key features" MFAA: "Govt guarantees the funds that go into the sec'n trusts. " Senate: "What costs to govt?" MFAA: "The govt makes money from it, tax payers gain and investors " Senate: "risk for tax payers" MFAA: "In place for 30 years....
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Hi STM. You're doing a great job. A few years ago I had an ex Victorian Tax Commissioner act for me in a case agains the V Tax Of
  • doyla66
    doyla66 says #
    In essence "the banksters" are seeking Gov. undertaking to cover any losses thru bank conceived fraud!!!!
  • doyla66
    doyla66 says #
    Excellent! Well done. i heard this too.
  • doyla66
    doyla66 says #
    STM you are doing a smashing job. Just listening to that man stumble, fumble & bumble his way through the Q&A was terrible. I wond
Hits: 2055 4 Comments
Rate this blog entry:
Continue reading

Posted by on in Bankers A Law Unto Themselves
Current Q&A : RMBS's coming up and the bankers being questioned are being quite vague, with LOTS of "ums". Questions about BankWest, and to the CBA people: "Have you been informed of illegal or grossly improper activity from the new owner (CBA) that you thought was proper to advice the relevant ministers?" Denise has just been mentioned in this section and how she is going to forward info about this subject. Questions about RMBS: "$1m of loans securitised... Who collects the money?".  The DofT dudes are SQUIRMING!!!  ...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Hi STM, what did they say about Denise? Did someone ask a question ?
  • doyla66
    doyla66 says #
    It's working now
  • doyla66
    doyla66 says #
    Thanks for the update. I'm still battling with my internet to get the Senate Inquiry up online.
Hits: 1948 3 Comments
Rate this blog entry:
Continue reading