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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 - Bankwest; BROKERS will be thrown to the wolves by the Banksters who paid them!

Posted by on in Bankers A Law Unto Themselves
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Paul C - Posted on Friday, January 24, 2014

It is already set in stone that the BROKERS will be thrown to the wolves.

I told the Broker months ago that his world was becoming a very much smaller place. I asked him to be honest when he was asked to make his statement to FOS and don't hide facts because even though he felt like he was the one under fire it was the Banks we were wanting to have to do the explaining.

As expected, he put in very nice soft comments about the Bank, and in as nice a way as possible, and although we had been his customer and long before that his friend of many years, his finger turned and pointed at us.  That reaction did not surprise me as I am sure the Brokers are all fearing for their jobs and futures.

Interestingly enough though, the favour has not been returned as I told him what would happen when the Bank returned a response to us, regarding our FOS claim.  They know our case is strong so the Bank did the only thing they could and dragged the Broker through the mud.  He has been a fool. He had his chance to speak out about what he knew and what the Banks were expecting the Brokers to do. It is gone now, as is his chance to make credible claims will only, no matter how pertinent, be seen as sour grapes.

This whole fiasco can only end very badly if nothing is done to bring the real perpetrators to justice.  The Banksters have been treated as a protected species while decent people have been made to feel like idiots for what?... trusting someone who says "trust me I'm a Banker".

Well we the common people should feel a whole lot better for knowing that the people who thought they know or knew Bankers best "The Brokers" will now look like the biggest idiots, for trusting the ones that will mercilessly put them to the sword.

Just remember Brokers "HAPPY BANKING"

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  • doyla66
    doyla66 Friday, 24 January 2014

    Looks like the mortgage broking part of the game has out served its purpose with force scapegoat to soon be replaced with force skippy and system deployment gearing up to cut down the middlemen. This from an article in the smh on Oct 15 2012 by Eric Johnston………the four major banks are relying less on mortgage brokers to generate sales as they push borrowers into fixed-interest loans, and offer greater mortgage discounts through their own branch networks.

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