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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: Why didn't A Current Affair Channel 9 interview Denise Brailey for tonight's story "Sent broke by Mortgage Brokers ???

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Today Tonight Channel 9 aired this story tonight  "Sent broke by mortgage brokers" 


Why did they not interview Denise Brailey?  REAL TRUTH based on BFCSA REAL EVIDENCE ?  It's not the brokers, it's the Banks who masterminded this whole scam.

Peter Kell Deputy Chairman of ASIC is interviewed, still targeting the Brokers and not the Banks.

click on this link to watch - Duration 5.33 mins.

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  • doyla66
    doyla66 Thursday, 23 January 2014

    Not allowed to interview anybody who speaks home truths doubtless! Never mind their turn is coming and just could be sooner than they think!

  • doyla66
    doyla66 Thursday, 23 January 2014

    comment from BFCSA Facebook
    Jane M "Because it's Channel 9 who supports the bankers, full of propaganda and masters of manipulating the message"

  • doyla66
    doyla66 Thursday, 23 January 2014

    Wayne S commented on BFCSA facebook "We specifically told them that it was the BANKS committing the fraud - but they cut out any reference to the BANKS committing the FRAUD."..

    Comment - Did you know Wayne that Paul Clitheroe received $13 million dollars in 2005 from the government to educate consumers to not be so stupid. BFCSA got nothing. ASIC appointed Clitheroe as Chairman of the National Consumer literacy foundation paid for by ASIC. Peter Kell is going on the rampage over brokers right now because they need an excuse to look good for the inquiry.

    Paul Clitheroe was a director of IPAC (financial planner outfit) and will protect the lenders at all cost.
    Wayne you have been set up by ASIC and a Current Affair were happy to go along with it.
    Denise says "It's Clitheroe + Kell all over again against the consumers and protecting the banks. They should be ashamed of themselves"
    They duped the reporter Howard Gipps completely as well. Bet they didn't tell Howard about the lenders service calculator scandal..

  • doyla66
    doyla66 Thursday, 23 January 2014

    Maybe they had a sneak preview of Denise's submission supplement which I noticed earlier is now loaded up! Wonder what tomorrow might bring?

  • doyla66
    doyla66 Thursday, 23 January 2014

    Brokers! Stop being the fall guys for ASIC and the banksters.

    What hold does ASIC have over the brokers? Are they that dollar sensitive they are afraid they will lose the banksters custom if they speak out? It looks like this will be the plan of attack ASIC and their cojoined twin the banksters will use as their excuse at the Senate hearings, "ITS THE BROKERS" they hoodwinked everybody, the consumers, the lenders and they even outsmarted Kell and Medcraft and all of ASIC. The brokers must make a stand and a united front to at last come clean and expose the banksters dirty fingerprints.Whats the fallout if they cop the blame for all the LAF tampering and all the bad publicity that generates? Who would want a home loan or SMSF investment advice if ASIC publically crucifies the brokers at the Senate hearings. Because the brokers do most of the ground work for the banksters when referring loan applicants, if they banded together and stood their ground I'm sure the banksters could be exposed.The only trouble is the brokers are so use to putting self interest first it would seem alien to band together for the greater cause and until they come to their senses and do so they will be ASIC's and the banksters scapegoat.N.T.

  • doyla66
    doyla66 Friday, 24 January 2014

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

    Paul C - Posted on Friday, January 24, 2014

    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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