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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.
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Whistleblowers' Corner!
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Denise Brailey
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: National Bank cannot be trusted. Not even in the UK or the USA. Shareholders profiteering from a NAB Fraud. Shame on you all!
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If ever there was proof that the entire global banking scene needs a big "woman's look" into what on this earth they are doing......... look no further than the Overnight the Yorkshire and Clydesdale banks, owned by NAB in the United Kingdom. So NAB claim "it was an error," that affected more than 42,000 customer accounts? Bollocks! Yes the old "computer glitch" excuse, yet authorities in the UK did fine these Global Banksters around $15 million AUS or say 9 million euros and a weekend in the "naughty corner." But hang on to your bonnets....................wasn't this the same mob of Banksters that set up and ran the Homeside Lending scam in the United States of America? Yes, the very same.
AND, isn't NAB being labelled the biggest Nabbers in Australia? Just ask NabbedNanna which cretins stole Nanna's home a few months ago? Yes indeedy! Regulators stood by and defended the Banks and their own precious paypackets.
BFCSA Members have uncovered plenty of Homeside Lending victims here in Australia. Our regulators just say to NAB: "you stole the home, so now you are entitled to pick up the booty.................the keys to Jack Sparrow's war chest are yours.....the punters should know better.
So where were the Australian regulators whilst billions in TOXIC Sub Prime Mortgages were being peddled to defenseless Australians? Ah yes, our awesomely stupid bank watchers - the Corporate and Banking Mr Plods known as "ASIC" - were busy watching their own meteoric pay packets rising to amounts of $450,000 pa to $900,000 pa.
We are lobbying for an inquiry into why regulators are paid to "look the other way?" Why has ASIC failed to NAB even one lender knowing they are the engineers of toxic loan products and services? Not one court case....why?
Why have global Bank Executives escaped jail time?
The Answer is very simple: regulators occasionally have a "golly gosh" moment and hand out a couple of fines, but regularly tell various Parliamentarians there is no need for an inquiry. Meanwhile, these bank nabbers have stolen far more loot on a regular basis without ever having to explain the normal run of the mill frauds which we know NAB engages in on a daily basis. Our files do not lie.
Just ask yourselves the question: Why are the Aussie Banks being reported as the most profitable in the world, when we have a population of only 23 million people? Go figure! Is mathematics our worst subject?
The irony there is that most TOXIC Loans engineered in New Zealand were a plot by Westpac to steal New Zealander's homes. Our nearest neighbours must be so grateful that ASIC failed to warn NZ authorities about Worstpac's known yet hidden record of sub prime lending.
BFCSA Message to our Federal Treasurer Joe Hockey: you have our deepest sympathy but you have just inherited a massive sub prime racketeering program being run by Aussie banks for over two decades. Now is the time to state which day the ROOTS AND BRANCH Inquiry into Banking can begin. Your pre-election promise means you have 89 DAYS left to get this Bankster Show on the road and NAB should be first, followed by Commonwealth Bank of Australia, then Westpac, then Australian and New Zealand Bank NZ.
Meanwhile these banksters are all blowing bigger and bigger property bubbles........................and, these same "protected" bank bandits have gifted our regulators with gold plated blinkers.
The November Senate Inquiry into the Performance of ASIC should see Canberra and Australian Parliament House turned into a "standing room only" performance. All we need is a date chaps.
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Sunday, 29 September 2013NAB "Masters of Spin" at it again. Again, I repeat. FOOLISH, FOOLISH NAB. My God Nab we are not stupid. Stop treating us as imbeciles. The only ones that are stupid, putting on not even a gold logie performance are you Nab and the EDR's. How long will this charade continue? FESS UP your fraudsters. The old "Blame game" again, the computer system. Notice that it is never the customers who have a win Nab. Your reputation further down the toilet.
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Sunday, 29 September 2013
Australia sets a far higher standard than the international banking fraternity: Bank scam described as "gross breach of trust"
Great post, Denise. Thankyou!
The noose is tightening on these racketeers as we join the thousands and then millions of dots right around the world.
It was a set up, internationally, ab initio.
It took an Aussie to do the work and bust the details out, unpaid.
A "woman's look" is true - no offense intended to the guys of course.
Some of us are naturally "wired" for the big picture, some do the details better. It's not a gender issue.
All yours, Joe Hockey, lock stock and both smoking barrels. We have the evidence. Write your name into history now
Australia sets a far higher standard than the international banking fraternity - Treasurer Joe Hockey tells Big 4 we're turning the magnifying glass on banking track record since de-regulation.
In announcing the date of the Inquiry into Banking, Treasurer Joe Hockey gave it to everyone straight.
"Enough is enough. What we've seen so far indicates that we're dealing with an ongoing attitude of 'catch me if you can' by the Australian Banks.
.... The evidence we have received already from whistle blowers and victims is pretty clear. There appears to have been a gross breach of Trust.
.... Fraud is crime and where this has occurred it will be dealt with accordingly through the Courts.
Don't expect any 'get out of jail free' favours either.
... If you do the crime and you're caught you can expect to do the time in this country.
... The Australian people, the investors and the borrowers, had every right to expect far better from their Banks than common thievery, scams, abuse and fraud.
... The evidence is overwhelming. I don't know how the Banks thought they'd get away with this indefinitely.
... All mortgages, credit provision and investment contracts showing any sign of tampering or fraudulent conduct should be in the hands of the police by now, and in effect, frozen, pending full investigation.
... We have a duty of care to the Australian people and we are taking this action out of respect for the trust placed in us by the Australian people at the recent election.
... Without anticipating the outcome of the Inquiry or any judicial process, it is possible that Australian Banks and non-bank lenders may have to cancel a considerable number of loan and investment contracts.
... Compensation could be part of that - it will be up to the judge concerned.
... We must respect the separation of powers in this respect.
... Submissions ..."
.... or something like that - we're so looking forward to this!
The clock is ticking ... -
Sunday, 29 September 2013
BFCSA Message to our Federal Treasurer Joe Hockey:
Treasurer; get this Root & Branch Inquiry into Bankster Sector on the road;
NAB 1st-up>CommBank>Westpac>ANZ/NZ>ING DIRECT>et al racketeers running amok down under!!! -
Sunday, 29 September 2013
Lets not waste anymore time Mr Hockey. The quicker the show gets on the road the better for all concerned. We are all waiting with great anticipation for you to deliver as you promised
Don't forget Adelaide Bank (now Bendigo Adelaide Bank) and Firstmac Denise.
And don't let their kindness, helpfulness and smiles fool you. The cockroaches and the greedy agents they
sucked in ARE NOT out to help you.