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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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CBA Shareholders Shame: LOST HOMES & Banker FRAUD not your problem????? Think again

Posted by on in Bankers A Law Unto Themselves
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..watch CBAs slight of hand while it changes loan information and unlawfully takes people's homes - if you or I did that it would be fraud and theft - with the CBA it's standard practice, beyond the law BUT every shareholder of CBA is guilty of condoning the banks behaviour - time they started asking questions - otherwise they are guilty by association - innocent people are losing their homes, their health and there future by fraudulent bank behaviour. ASIC sits like the three dumb monkeys, seeing evil, hearing evil and doing nothing!!! 

 

Ed:  If you are a shareholder and you read stories of fraud in the Bank you have invested in.....what do you think is going to happen NEXT when the whole industry comes under a ROYAL COMMISSION????

LOST HOMES not your problem????  Its everyone's problems including the next generations who may wish to buy a home at some stage of life!  

Shareholders made decisions to agree to PAY THE BANKER CROOKS $4 million salary per year!!!!  Merry Christmas Bankers.....next Chrissie may be spent in jail, and the next and the next and the next...........................and hopefully 20 years for the carnage you caused because of YOUR personal greed and ambition with zero ethics, morals or regard for the law.  You also had NO regard for s25.1 of the AUSTRALIAN BANKERS CODE.  We are coming after you.........................................with bells on!

Shareholders will not gain any public sympathy.    This email address is being protected from spambots. You need JavaScript enabled to view it.

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  • doyla66
    doyla66 Monday, 16 December 2013

    I have my suspicions that CBAs much touted financial success is smoke and mirrors. I'm no financial wizard but I do know there are ways to use "creative accounting" to make debt disappear and finances look healthy. With a slack corporate regulator who's going to know if CBAs numbers add up? And ASIC admit they're protecting the markets as we know, at the expense of plain honest accounting for us ordinary folk. It's also likely that they're hoodwinking investors and investing in activities that would horrify some. No sign of an ethical investment sign around CBA: we only have to look at their behind closed doors Bank West deal (assisted by Govt and ASIC) and their involvement in creating masses of fraud loans to make themselves look better than they are. What a con job! The truth will come out when the house of cards collapses and we are freed from our fake "indebtedness" to CBA and all the rest. May that day be very soon, for all our sakes.

  • doyla66
    doyla66 Tuesday, 17 December 2013

    Its too late to fix it thats why Government is protecting the Bank Fraud like its the Crown Jewels

    We are seeing the greatest con in our country's history being played out right in front of our eyes. Joe Hockey is encouraged by the federal government to be seen to extensively look into Banking and Finance issues to make sure they are trading within acceptable guidelines and within the constraints of our trade practice laws. Well that credibility went flying out the window with the selection of the investigator, a Banker to look into Banksters I DONT THINK SO. But that is just the façade the outward face of look at us doing something. The Government has no real intention of turning over rocks to expose the dirty activity happening underneath it has to keep up the FRAUD the Banksters have produced otherwise our entire economy falls over. There is an entire economic structure based on the crooked asset grab that our Banksters produced, see it bumps up their profits which in turn encourages more and more shareholders to invest into these money making cesspits effectively over inflating their real worth. The Government does not want the Banking industry to be tested for the real facts to come bubbling to the surface and exposing the many dirty little tricks they sold to the world and worse still the Government themselves. Remember Wayne Swan?, yes that's the one the WORLDS GREATEST TREASURER well he took on this brilliant idea the Banksters gave him called the RMBS and off he went effectively selling Bank Fraud to the world. The exact Fraud that we are all suffering was being parcelled up and sold off around the world, that saw the Banks enjoy massive profits selling your mortgages twice in effect. That then pushed up Bank appeal as share prices started to rise and more and more people were lured in by Bank safe (haha) security high dividend yields that were almost too good to be true. Look where our Banks sit today their share prices are through the roof inflated by deceptive conduct, Fraud and selling toxic products through our Government to the world (Our Aussie Banks the Most Profitable in the WORLD). If this was to be exposed our Banks would collapse our Government would remain in deficit for the next 50 years not 10 as they are now saying and our trading partners would disappear after our selling of toxic RMBS's to them basically selling them worthless junk Fraudulent mortgages. So you can see why our Government really don't wont the real truth to be revealed to the rest of the world, they of course could do it step by step fix up our regulatory system have the Banksters pay their pennants and restore people to the position they stole from them and make the Banks accountable for the RMBS mess. Other criminals do their time for their crime so why should Banks be any different, at least if they are taken to task for their activity they may be far better institutions to deal with in years to come.

  • doyla66
    doyla66 Wednesday, 18 December 2013

    Off with their heads!

    Yep - way out of control - bigger than Ben Hur and in danger of exploding - all hell bent on keeping all hushed up! Why else would they commission an ex bankster to investigate Banksters? Why has Glenn recently dropped a few droll words and given clues re bail-in looming as was reported a few days ago in the Fin. Review? Afraid it's fact and not fiction for I got it straight from the horses mouth when I asked the direct question of somebody with a senior job in IT for one of our Banks and caught him off guard! So I then did some snooping and discovered to my horror all G20 nations have committed to it on the recommendation of big brother IMF who I also believe is who recommended they all switch to Fractional Banking and set us on the path to ruin). . The billion dollar question being is Joe big enough to say no to what Gillard and the ugly duckling committed us to? Better spread the word get the comments flying and get submissions in fast as Denise is urging for too late is too late and not much time left to vent spleen! Implementation date for all nations set down for Nov. 2014 I believe (check the CEC website) - NZ all geared up and ready to roll with their bank IT systems already fine tuned - RBNZ even has it all up on-line along with a fact sheet (called OBR) and here is a snippet cut and pasted from it -

    What is OBR?
    OBR is a way of responding in the rare event of a bank failure. It provides access to depositors’ funds that does not exist in a normal liquidation process, when depositors may not be able to access their accounts for extended periods. Under OBR, if a bank fails, it can be reopened the next day under statutory management. Customers have immediate access to most of their money. Under OBR, this money will be government guaranteed. All banks incorporated in New Zealand, with more than $1 billion in deposits are required to prepare their IT systems for the scheme. Other registered banks may opt in. Most of the locally incorporated banks operating in New Zealand are required to prepare themselves for OBR.

    AND to add further insult to injury they are now inviting overseas ARIP's to come and retire here so long as they have a minimum of half a million bucks to bring with them! Google Australia the Retirement Tax Haven and see what pops up! Almost choked when I found it - step 1 apply for a 405 visa - step 2 open an SMSF - step 3 buy a property AND some of our Banks have just the right loan for you!

  • doyla66
    doyla66 Tuesday, 17 December 2013

    Well said, Jill. It looks like the lack of appropriate action by government will result in people eventually taking the Law into their own hands and dealing with the Bankster scum themselves. It doesn't look like it will be a quiet little confidential agreement that will fix it: something more like the Eureka stockade nationally or a mini French Revolution is on the back burner.
    All this for the sake of the political will to do their job in accordance with their expressed support for lawful conduct?
    Announce the Royal Commission into Banking and Finance and we may be inclined to wait a little longer before we do what many of us have wanted to do for years to the cowards and bullies who caused our suffering and our scars. Death to the Banksters!

  • doyla66
    doyla66 Wednesday, 18 December 2013

    ABC news yesterday:
    There is an increase in mortgage defaults, and also an increase in homelessness of aged people!
    So far the press has not picked up on this.

  • doyla66
    doyla66 Wednesday, 18 December 2013

    Smoking dragon

    Having 3 actions against 2 different banks currently in the FOS system, we have been surprised at the two different methods of handling our complaints. St George have abided by requests from FOS; CBA seemingly thumb their noses at ourselves AND FOS, and now CBA charge us INTEREST AT THE DEFAULT RATE OF 17.94% despite not responding to our request for hardship assistance - no wonder they do not wish to act quickly or at all!!
    Why all the excuses and delaying tactics in supplying a copy of our LAF (from CBA) - it took us a number of telephone calls over the period 8/4/2013 to 19/6/2013 for us to finally get a copy. One CBA staff person on the 8/4/2013 told me and I quote "we do not hold LAF Form, and my Manager said even if we did we would not make it available" unquote. Finally, we were told CBA could not email it to us, we had to go to our nearest Branch (120km round trip) and collect in person.

    Why is FOS and/or their systems so ineffectual when, just by perusing our LAF they can see one of the docs have been signed by someone other than ourselves. 3 different LAF's lodged at three different times all show the same inflated income and assets...................broker or bank? We don't know, but what we do know is that our life is now filled with gut churning worry day in and day out. Having worked all of our lives we were set up quite nicely until 5 years ago when our world turned upside down. Now in our 70's we are faced with a future filled with fear and very definitely the prospect of being homeless. What a "lucky" country we live in when corporate criminals are laughing all the way to their respective banks and their fat incomes and profits and there is no protection for vulnerable, trusting people who ask for nothing other than what they have worked for all of their lives. We fear for this country if this situation is allowed to continue. What can we expect from the future; a life on the road in an old caravan and car along with a lot of other older people who may be just getting by on the pension as the banks have relieved them of their savings and homes. Perhaps we need a "revolution" and take our messages and our grievances on to the streets. Nothing will change unless ASIC and the banking system is brought under control and made accountable.

  • doyla66
    doyla66 Wednesday, 25 December 2013

    FOS have become top heavy with bank connected lawyers

    “Fairness”

    RG 139.110 “We believe a scheme’s complaints/disputes handling and other procedures must accord with the principles of natural justice.”

    What is fair about adjudicators who are seconded to FOS by the very banks we are complaining about?


    FOS have been top with " wannabe " legal genii , the primary aim of their charter was fairness , this has been abandoned by luminaries inside FOS devising complex legal interpretations which is biased against consumers ad heavily favors the banks with the banks with their large legal teams, fairness has been abandoned in favour of ass covering , Fos is on the way to becoming a mirror image of ASIC

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