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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: The Banksters perfect storm, not quite, thanks to Denise and BFCSA.

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Dear members

I have just read Denise's supplement to her Senate submission. First I would like to say a heart felt thanks from all of us for the long hours and effort that you and your helpers have dedicated trying to help a group of people who the majority of you have never met. There are reasons why things happen in life, some call it fate , others say karma but whatever the reason, here you are leading a band of just over eleven hundred souls taking on a failed system in the persuit of justice.

What a perfect storm the banksters had, they had engineered the perfect product. These low doc, no doc and full doc loans could be manipulated to pay back high interest and no principle in most cases, they're a higher return than variable loans and when they start to implode like they're geared to they offer top up loans and use of the credit card they kindly supplied.

Everyone was rolling in money, everyone looked at the picture short term, while oodles and oodles of money was to be made, but the banksters knew the long term effects because they had engineered it. The brokers, lawyers, real estate agents and the rest, couldn't believe their luck with this whole new stream of clients coming onboard. The banksters called us ARIP's ( asset rich income poor) the brokers and company called us meal tickets and a path to wealth and ASIC called us mugs and didn't warn us.

Once the loans started to implode as designed, and the poor old consumer started squealing like a stuck pig, the mean old bankster had this covered as well. The greedy, greedy brokers has tricked everybody, they have outsmarted the banksters and their high profile lawyers, they have outsmarted the regulator ASIC with all its expensive and highly trained personnel and worst of all they betrayed their clients.

Next comes the hardest part as a consumer.  We have been to the banksters who kindly gave us top up loans but now we can't afford all the repayments. We have just taken the first step on a path that's long and winding with many twists and turns. We have all taken this path.... emails, letters, phone calls and visits to everyone from politicians to priests trying to find some caring person to steer us in the right direction to no avail.  How many times have we said this person or agency sounds like the one to have a go for us, and to have our hopes shattered by those words " It doesn't come under us try Joe Blogs".

I'm sure the bankster have shares in drug companies because they are responsible for a lot of anti depressant consumption.  

There is only one problem to the banksters perfectly planned perfect storm?  Denise Brailey, a middle aged women from a little town in the W.A. wheat belt. "But wait we haven't made calculations in our perfect plan to cover that' say the banksters, ''its not fair'. Like David and Goliath the little people known as consumers have a champion.  Denise does not put money or profit above all else, she puts people who have been wronged by the powerful and greedy and abandoned by the so called government authorities first. Her weapons are decades of knowledge and expertise gained from fighting the un-winnable fights and showing with dedication and perseverance victory can be gained against insurmountable odds.

Not one single member of BFCSA would have won against the banksters taking them on single-handedly.  Many have settled for sizeable amounts.  The consumers (banksters) protector ASIC and its bankster sponsored EDR's FOS and COSL.......... only FOS can produce evidence whereby out of all the disputes, decisions have gone the consumers way?  COSL: just close files and decide in favour of their Members.  ASIC know this and still allow them to keep their EDR licence.

Come on COSL one example of a dispute going a consumers way. I was told by a pro bono law firm that the few consumer cases that have made it to court have gone in the customers favour, thanks Denise's efforts a decade ago in gathering people together.  All were funded, but funding is rare.   

Magistrates and Registrars are all in discussion over this problem but what to do?  We poor folks have no chance of funding our own cases and therefore we are at the mercy of the villainous banksters.

Members, even with the truck loads of evidence Denise has, our so called regulator ASIC refuse to acknowledge its validity but are prepared to accept verbal undertakings from the banksters.  Without Denise's knowledge and records there would be no Senate hearing into ASIC and Joe Hockey's one sided bankster investigation.  All of our own future, and our family's futures would of been in dire threat if Denise wasn't here to take the fight to the banksters face, and to expose the blatant inefficiencies in our regulator ASIC and its EDR's FOS and COSL.

We must be vocal in expressing the roles the banksters and regulators have played.  Denise is but one person.... we can't expect her to carry the gauntlet for us single handed, we have to share the load otherwise she will face the prospect of "burn out."

So have your say and keep the conversation and dialogue fresh and ongoing even if its one or two lines. Remember if it wasn't for Denise and BFCSA where would you be now? I know I would be in an antidepressant haze and off with the fairies, that's how bigger difference the last twelve months has made since joining BFCSA.    Thanks Neil T.  

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  • doyla66
    doyla66 Friday, 24 January 2014

    Friendless Peter Kell

    I've just finished reading some articles and blogs in Broker News and Mr Kell isn't making any friends especially after statements like"don't place all your trust in a mortgage broker or financial advisor". That really boosts consumer and industry confidence. In reply to a story about a broker being banned a G.C. comments" yet another B/S story from ASIC.There is more criminal action going on in the banks and they know it but don't have the guts to take the banks on".
    Just the fact Newscorp is running this story as well, with Peter Kell stating its the brokers is starting to worry the brokers. It only takes one broker with unshredded evidence to blow ASIC's and the banksters lies wide open.

  • doyla66
    doyla66 Friday, 24 January 2014


    Well said....your words keep me going.
    Life can be so hard on days because of ANZ and BankWank.....
    But logging on to BFCSA every few hours reminds me to stay strong and keep fighting.
    What an honour to be part of this group.
    We will be part of this history in the making.
    We will deal with what we are dealt in life.
    I beleive we are a group that has been united for a reason.
    Each of us has been introduced to BFCSA in some way to help each other and make life easier for the future generations.
    Thanks to DB, my husband and i sleep better at night.
    Bring on the Royal Comission.....NOW 2014

  • doyla66
    doyla66 Saturday, 25 January 2014

    Well said GFs. I also now sleep better and am again beginning to look a normal person again instead of an anorexic. Having had revealed in my LAF just the week following settlement saw me turn into a scrawny chicken to the point even my knickers were falling off my hips! Funny how divine intervention steps in for since then I have risen from the depths of despair and for the third time in now more than 10 years turn into a freedom fighter when post 1989 all I wanted was a peaceful life. Have had to endure this running around the mulberry twice since my husband died 10 years ago yet somehow have managed to survive - first ordeal with big bad drug companies to discover how evil they are and how they control Governments and their ambulance chasing mates in the legal profession - next with big bad insurance companies to find out to my horror they are first cousins to big bad drug companies and equally as evil and here we go again up the next rung of the ladder to discover it's big bad banks who control both of them. All tarred with the same brush and hatched from the same mould I'm afraid but I keep on telling myself third time lucky for they all have an archilles heel don't they?

  • doyla66
    doyla66 Saturday, 25 January 2014

    Oranza, its greed that gives them their strength but its greed that will be their archilles heel, remember there is no honour amongst thieves and they will turn on each other like rabid dogs if the opportunity arises.

  • doyla66
    doyla66 Saturday, 25 January 2014

    Yes Neil it is all about greed and there is and never has been any honour amongst thieves and torturers so I sure hope they all have escape plans well ready and to different far away destinations else they will finish themselves off won't they? Already at the point where they are all shooting themselves in the foot so it's not far off! Hope they have enough sense to take their pencils and typewriters with them for just could be some of them are chasing themselves at the moment into cyber space!

  • doyla66
    doyla66 Saturday, 25 January 2014

    Organza,I wonder which OFF-SHORE banks the banksters stash their loot in, not Australian I bet.

  • doyla66
    doyla66 Saturday, 25 January 2014

    Don't you mean "our loot" Neil? From all I have been finding out one can take their pick from 36 of them thus far identified!

  • doyla66
    doyla66 Saturday, 25 January 2014

    Organza, yes you're right, its ill gotten by any definition and is ours.

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