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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: Mass saturation of BFCSA Members horror encounters EXPOSES Greedy Banksters who should be rotting in jail.

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Dear members

We all know the BFCSA membership is over eleven hundred and each and everyone of us has been touched by the hand of bankster fraud but when you start reading the individual stories its nothing short of a tragedy and a travesty of justice.  We haven't lost our home yet but we came close some months when we had to use a Mastercard to meet loan repayments.

I was working out payments such as utilities , insurances, bankster loan repayments etc twelve months in advance and even allowed for the two months of the year when we got three pension payments for the month, these two extra payments were used to pay back the Master card which covered the months we coudn't meet the full bankster repayments. The only reason we have a little breathing space at the moment is due to the record low interest rates but its only a matter of time before they rise again and thus force more people into the shyster lawyers hands and foreclosure.

Its hard enough trying to service the banksters loans but now all the cost of living expenses are out of control, everything from electricity to insurances. What would the government do if everyone said enough is enough, we tried to improve our lot and invest in our futures and to fund our retirements. Lets go on welfare, lets rely on the Department of Housing to accommodate us and seeing there is a shortage of housing we can get a nice rental instead because the government will pay rental assistance.

If a person tries to better themselves in life and to be self sufficient the government should be promoting that, instead they have let loose the banksters to exploit peoples ambitions.

In the short term the banksters and their minions will profit but in the long term the whole country will suffer.  The government has guaranteed the banksters that the tax payer will rescue them in time of crisis.  Will the banksters give the government the same guarantee when it starts to buckle under the weight of the financial burden which has resulted from the banksters crimes?

I have no idea how many more personal horror stories of members and their banksters will be posted but it is heartbreaking to read what some families have had to endure.  I cannot understand why this has not exploded all over the media. I am computer illiterate but in my limited knowledge and perhaps Organza can enlighten us seeing she is an I.T.expert, once all the victims stories have been posted on site can they be put into a document file or attachment and sent to everybody from Senator Williams to David Murray, Greg Medcraft, Peter Kell, The P.M.Joe Hockey, a host of media outlets and anyone else we can think of.

Seeing these stories have been posted on site, they are now public knowledge. Mass saturation of our stories so the banksters, ASIC and the brokers can no longer say there is no systemic fraud on Loan Application Forms. If we went the mass saturation route you can guarantee that 99.9% wouldn't even open up the file but it only takes one person with a shred of decency left to expose our plight and if that happened how many more thousands would come out of the wood work. 

Since the government is putting pressure on the ABC and SBS maybe they can reverse the tables and do a story on why the government won't act on the consumers behalf.

There are a lot of people in ethnic communities who have been stung as well but haven't come forward. Last week a broker stated he knows of people in the Middle Eastern communities who are on disability payments and others who work for a pittance who have been given loans by the banksters, how many more victims do we have to have before the government takes positive action?   Thanks Neil T.

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  • doyla66
    doyla66 Friday, 31 January 2014

    The clue is in the computer coding Neil for it's all computer money and it's not the money they are after! Think of The Emperor who wore no clothes!

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