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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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BFCSA: Denise Brailey discovered the REAL TRUTH and our Government not just the present one but the one before that and the one even before that knew the REAL TRUTH. .."

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RICKO - Posted on Friday, January 24, 2014

Don't doubt yourselves fellow BFCSA Members you know the truth, I know the truth, Denise Brailey discovered the REAL TRUTH and our Government not just the present one but the one before that and the one even before that knew the REAL TRUTH.

The problem being is as organza stated this news is leaching out to the rest of the world now even making a Shanghai newspaper and it wont be too long before the whispers become a shout and our Government is going to great lengths to make it look like they are in control of the situation. Nothing could be further from the truth.

 Our Government is even going to the effort of setting up what to all intent and purpose looks like, on the outside, an investigation into our Banking and Finance Industry. Not at all. In fact it is probably about getting the Banking CEO's together in one place to let them know their industry is about to get bombarded from all directions, and to let them know there is now too much evidence against them for the Government to cover up for them for much longer.

The detriment that this will cause to our trade relations with our big trading partners will be unfixable if it gets out that our Banks are committing FRAUD against their own customers, all confidence will be lost. Although the Chinese are great gamblers and have their own problems with organised crime in their own country they do business with integrity and much of what they do, trade wise, is about building a TRUST BASED RELATIONSHIP.

The Mickey Mouse attempt at a ROOT and BRANCH INVESTIGATION into the BANKING and FINANCE INDUSTRIES is more about being seen to be doing something to control these industries in the eyes of our trading partners. It is not about getting to the TRUTH or about putting the affected's lives back together, but it does half heartedly fulfil an election promise, that will help no one but the Banksters to know people are onto them.

Why do we keep kidding ourselves that what happened World Wide has not happened here? Many people have asked this question as we continually point the finger at the Broker not the Bankster. In so many other countries around the world BIG Banks and Banking Heads have been held to account for FRAUDULENT DEALINGS against mortgage holders, mortgages have been dissolved and ordinary people have been put back into the position they were in before the BANKSTERS stole their money.

In Australia we hold out against exposing our BANKSTERS as the perpetrators of the lowest of all crimes STEALING ORDINARY PEOPLES HOMES. Why you may ask? Well its is simple... the BANKSTERS cunningly worked with our previous Governments to make sure the industry could never be exposed to what had happened in so many other countries with Banks collapses, so here they got our Government to give a GOVERNMENT GUARANTEE for our Major Banks. So it now leaves us with a situation in this country that if one of the Major Banks was to collapse we the TAX PAYERS will have to prop them up of course. It will probably be the TAX PAYERS that will inevitably be asked to hold all our Banks up when the TRUTH comes out.

Even watching the Channel nine report last night I was still amazed that the Brokers are copping all the blame for this rort and they are now reporting that YOU need to request your paperwork. Why as part of the process are the BANKSTERS not handing over the relevant copies of documents at the time the loans are approved?. Further to this point why did legislation get passed and was never publicised that the BANKS can and now do destroy YOUR ORIGINALS, WET INK COPIES, CONTAINING YOUR SIGNATURE and never give you the opportunity to keep possession for your reference. The Banksters claim this is purely for convenience and so they do not have mountains of paperwork in their archive areas, THAT IS TOTALLY UNDERSTANDABLE. However what is not understandable, and I believe unlawful, is destroying without MY KNOWLEDGE OR CONSENT a document which contains MY SIGNATURE IN MY OWN HANDWRITING which states I have a contractual agreement with said company.

If the Banks were struggling for space and no longer want to archive millions of documents why not give the option to the customer to take control of their own Bank File?  If there is nothing to hide or there are internal sensitive documents that are not for customer eyes they can scan and store those electronically for their own records. I never received anything from our Bank when we did our finance and was flabbergasted by what I saw when we finally got copies, after some chasing to discover inflated incomes, overstated assets, loaned amounts changed without even being initialled, that we had even authorised a higher amount all things that require a paper trail.

We now are being asked to prove what we supplied to the Bank to verify what they the Banks have changed information to suit the loan, whilst all our original documents have been destroyed by the Bank. How can you win when the Government is allowing this sort of behaviour and the Regulators that are in place whole heartedly back the Banks, now that the legislation also works in the Banks favour?

We now desperately require some serious follow up from good journalists to say "Channel nine you are half way on the right track. Yes there has been FRAUD committed but its not by the Brokers, its by the ones who engineered the BROKER MODEL the BANKS THEMSELVES."

I know it took some time for all of us to get our heads around what had happened to us, and yes we all blamed our Broker of the time until Denise Brailey (why didn't NINE interview her?) gave us the real system being used to recruit us as customers. Remember back to your first contact with your Broker....... it was a friend or a friend of a friend that worked at the Brokers office and he's a great bloke and will put you on the road to riches.

We all fell for it.  All taught by Bankster recruiting/teaching classes sent out to sell the toxic product and steal our hard earned assets.  We didn't stand a chance..... a well versed spiel and a recipe for making a retirement nest egg we all longed for. The only retirement nest egg we were making is the one for a disgusting greedy human being called a Bank CEO, with the money fountain finally trickling down to the fall guy The Broker. The BROKERS didn't know. They were being paid handsomely to eventually take the rap in Australia's greatest ever asset strip.

Watch the BANKSTER CEO Retirements come hard and fast over the next twelve months or so, they will not be around when the wall comes down.

 

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Comments

  • doyla66
    doyla66 Friday, 24 January 2014

    Riko, interesting comment. I was wondering which bank duped you?

  • doyla66
    doyla66 Friday, 24 January 2014

    Westpac

    Hi Change it was Westpac that duded us, sorry to confuse you but I am answering for Ricko as its not accepting his email to blog for some reason. They stitched us up good and we had both been loyal customers for years even before we married.

  • doyla66
    doyla66 Friday, 24 January 2014

    Humpty Dumpty sat on a wall................

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