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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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BFCSA: Treasury must order Australian Federal Police to investigate Commonwealth Bank Banksters NOW

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Where is ASIC's attempts at ENFORCEMENT OF LAW?  The Commonwealth Bank needs to be re-nationalised immediately.  A Royal Commission into the banking sector will open up the reason why charges ought to have been laid against those Banksters who received and continue to receive the largest bonuses and commissions for Low Doc Lending Fraud.  The people have a right to hear the truth and to uncover the real reason why there has been no enforcement of law in the banking sector.

Retirees have been caught out by these Banksters in the use of "Equity Loans."   Disclosure Policy is a joke.  ASIC only reads prospectuses after billions of dollars in illegal Managed Investment Schemes have already collapsed under the weight of their crimes.  ASIC prosecutes none of the directors under Corporations Law.  It does not investigate Banks and in the recent feeble attempt with Macquarie Bank for breaching the law for years, resulting in billions of dollars of dirty loans to pensioners and low income families,  ASIC handed out an "EU" an Enforceable Undertaking - meaning ASIC agreed to forgive their crimes and allow Mackers to continue business as usual.  That's only a "parking ticket" with as much clout as a slap on the wrist.  Who is banging on Bank of Queensland's door?  No-one.

These are major crimes in the Australian Banking Sector.  NOT ONE CLEAN LOAN DOCUMENT!  Our Members know that to be true.  Stealing homes is a crime. 100 years ago, stealing one's horse was a hanging offence.  Robbing a Bank was a hanging offence,  Just ask NED KELLY!

Banksters need to be hanged for these crimes and ASIC luminaries the same, for a conspiracy to deceive the long suffering public.  Does this sound a bit radical to you?  Then how do we address the FACT that so many loans were falsified after the applications were signed and without the borrower knowing or giving consent.  These documents were falsified by a calculator after the bank received the FAX.  

Skippy The Computer then miraculously approved the loans.  So do we hang Skippy?

What is wrong with our Government that it's as Blind as a Bat?  

Without enforcement of law we have utter chaos and all these loans are going to end badly in seven short years.  The new NCCP laws were a cover up and Banksters are still playing the same game with Buffer monies to hide the crime for up to four or five years.  The 2010 loans will IMPLODE IN 2015 and you can all Bank on that one.  ASIC is the catalyst for the cover-up of these crimes.

The Banking Ombudsman, FOS is now CLOSING CASES before they have even reached investigation....why?  This is corruption on a massive scale.

The Credit Ombudsman, COSL has not investigated one lender.  Not one!  It investigates YOU the borrower.................and then feeds what your current financial details are to the bank so they can pick up whats left of the scraps!  They will leave you with no home, no car, no money and no dignity!

WAKE UP AUSTRALIA...............THESE SCAMS AFFECT ALL OF YOU and will impact the next two generations, just like The Great Depression.   We are lying to the rest of the world saying "no systemic problem."  Our Government Public Officials lied to Parliament!   They have been systemically lying for a decade since their own 2003 Report into Low Doc Loans.    Our Banking Sector is maggoted to the core.  The Documents do not lie.  The Loan Application Form state the number of the "agent" and yet the Banksters deny the Broker is the Agent of the Bank.  Its a monstrous scam.  Of course it is.  

The point is what are you going to do as a collective group of 1100 people and rising each day?  Shall we protest outside the seven ASIC offices on the same day in every State at the same time?   Who is IN?   This email address is being protected from spambots. You need JavaScript enabled to view it.

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Comments

  • doyla66
    doyla66 Tuesday, 26 March 2013

    The membership is building fast, traffic on this website is increasing, the momentum is building.
    BFCSA services are excellent and may be built out further. Eventually everybody with a mortgage problem will know the best place to go is BFCSA and its lawyers.
    Front services such as checking mortgage contracts before people enter into them for a reasonable fee will prevent disasters in the future. Such a service must be widely promoted.
    Even banks might one day want to have BFCSA endorsed products.
    This is only the beginning.
    The Zeitgeist is starting to change. The banks' business models are challenged.
    They will eventually recognize that integrity is good business, see the New Zealand example.
    Now we fight them, soon we'll just ignore them and take our business elsewhere.
    A BFCSA bank is not out of the question either.

  • doyla66
    doyla66 Tuesday, 26 March 2013

    ASIC, FOS, COSL..there are more and more people coming forward due to being defrauded by the Banks.
    Is that why cases are not being investigated?
    The lid is going to be blown wide open regarding this corruption by the banking sector and ASIC are responsible
    for it.
    GIVE back to the people what has been stolen from them.
    WE ARE NOT GOING AWAY..MORE HElP IS ON THE WAY.
    MORE EXPOSURE TO THIS CORRUPTION IS ON IT'S WAY ALSO!

  • doyla66
    doyla66 Wednesday, 27 March 2013

    We need people from all walks of life to come up with different ideas because one of those ideas will hit the jackpot and create success quicker than anticipated.

  • doyla66
    doyla66 Wednesday, 27 March 2013

    WAKE UP AUSTRALIA..THESE SCAMS AFFECT ALL OF YOU and will impact the next two generations, just like The Great Depression.

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