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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: Our story - I had my home "stolen" a year ago.....Time for a Revolution against Bankers

Posted by on in ROYAL COMMISSION URGENT
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Comment by Caroline Vardy 24 January 2014

" When I lost my home over a year ago, it was probably due to a bent broker. But my argument has always been, if that loan was not available from a bank in the first place, the broker could not have been able to sell it to me.
 
Whoever these guys try to pass the buck to, at the end of the day it is the government that is responsible. The government is responsible for the laws of the land. The parliaments make the laws, the executive government administers the laws, and the judiciary independently interprets and applies them. So, the government is responsible for the laws that are in place, that rob their citizens. That is because the banks rule the world, not the governments.
 
It is time for a revolution!"

ED: I'm sorry to hear of your loss Caroline.  If your loan had not been approved by the Bank's Credit Assessor you would be in a different place right now I am sure.  Brokers do not approve loans, Banks do .... regardless of the banking product.  One simple phone call from the bank to verify your income would have saved you from the distress of losing your home. 

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  • doyla66
    doyla66 Friday, 24 January 2014

    How will the Bank CEO's feel when their best laid plans for retirement get derailed

    Hi members do you remember back to the days before all this crap happened and you were making plans for your retirement well that is probably a big part of why you are on this site now. Your dreams of a good retirement well planned with an investment property or two to help pay for the golden years you had worked so hard for. Now for one minute stop and think just how gutted you were when you realised you had been seen off, taken for a ride, ripped into, you know all those old adages that just mean some greedy [email protected]#hole screwed you over because they thought they needed your hard earned more than you did. Well the beauty of this whole situation is that as it all closes in on our bankers you know the ones with the soggy fish handshake and the forced on grin the I have never done a hard days work in my life type ones, yep they will be going to prison. I don't think I need to elaborate on how life will be in there for non life hardened type folk that Bankers are, that will be your well laid (laid being the operative word) plans for retirement taken care of. As for the victims such as us on this site we will live happily ever after in poverty taking every bit of welfare coming our way because its rightfully ours after all the Government selected us to be welfare reliant because they wouldn't bring their crooked banking industry into line. What a great result two sets of people on welfare us and the Banksters at least we will still be free to walk the streets, give my regards to Bubba Banksters.

  • doyla66
    doyla66 Friday, 24 January 2014

    I agree totally Caroline. The Government should rule not the banks. It is a disgrace for the Government to allow the banks to rule the nation. This is why the country is in such tormoil because our gov won't take responsibility for the criminal behaviour of the banks.
    Don't give up....stay with us. This madness cannot keep going.... it has to stop.

  • doyla66
    doyla66 Friday, 24 January 2014

    Last year I cringed watching Julia Gillard( remember her) at the G20 laughing and joking with Gail Kelly (Westpac)and her bankster cronies.Then P.M. Gillard appointed Gail Kelly in charge of the business forum to represent Australia the B20 . This week I watched current P.M. Tony Abbott at the G20 laughing and joking with Gail Kelly again, then the P.M. spoke to the world and at the top of his lungs stated " business is our salvation to the worlds economic woes."We can't get the P.M. to acknowledge our existence by his staffs refusal to reply to correspondance so seeing him approach the banksters and laughing and joking is areal kick in the guts, he wants to promote and foster big business, any bad bankster news would be detrimental to his cause. Conservative governments have always favoured the top end of town because they are cut from the same cloth, besides that ASIC tell the P.M. there is no systemic problems in the bankster industry and the banksters agree with them. The crooked banksters are like dogs, you have to scratch the surface to get to the fleas, in the banksters case the TRUTH.

  • doyla66
    doyla66 Friday, 24 January 2014

    I felt exactly the same and all I could think it's now back to Plan B and the continuation of another PM's policies. In politics post election I believe it's called delivery with an iron fist of either the red book or the blue book and both with the same royal order - follow the rules if you wanna keep your job and don't buck the system! Takes a big man to lead a country out of a mess I'm afraid with a big united army behind them. The blue army is on red alert ready to take up the fight but do we the Titan?

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