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BFCSA
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MORTGAGE
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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.
"Confidentiality is assured."
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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Citizens Electoral Council leader Craig Isherwood today called on the Abbott government to finally hold the banks accountable for their financial crimes, before it goes off on its crusade against union corruption.
Isherwood said, “In 2009 I called for an Australian Pecora Commission, modelled on the U.S. investigation of Wall Street led fearlessly by Ferdinand Pecora from 1932-34, which exposed the financial crimes that led to the Great Depression, and the corrupt dealings between the Wall Street banks and American politicians that enabled the banks to get away with their crimes.
“So far, outside of some Senate inquiries there has been no serious investigation of financial crimes in Australia. Yet after a few high-profile examples of union corruption, people in the Abbott government are pushing for a Royal Commission into the unions.
“I say investigate both,” he said, “but unless the government goes after the banks with the same zeal it has to tear into the unions, it is being corrupt itself, by covering up for corruption on a scale that crooked unionists could only dream of.”
Isherwood cited examples of the banks not being held accountable:
There have been numerous corporate collapses in recent years in which the losses were borne by the mum and dad investors but not the banks or the well-connected. Isherwood concluded: “It is time to clean up the criminal activity in the financial system that has been allowed to flourish under the cover of deregulation.
“We must also impose the only effective regulation which can protect ordinary people from the predatory activities of financial speculators, which is a Glass-Steagall separation of retail banking from investment banking.
“The only reason for the government to not launch a thorough investigation of criminality in the banking system, and not go with Glass-Steagall, is to cover for the bankers. Along with BFCSA, the CEC is fighting to hold them to account.”
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If the Abbott Government continues to turn a deaf ear to Isherwood and if, following the findings of the Senate Inquiry, they still fail to act, and persist to ignore our claims supported by clear evidence then the mainstream media who is at present being dominated by crooks will have to powerfully and boldly pick it up, shine the brightest light on it and create the biggest uproar this nation has ever experienced. Banksters cannot profit from fraud at our expense any longer. Evil has gone rampant and needs a hero or heros to stand up backed by people power and say "enough is enough, we want changes made now in favour of the victims. The power of the people is stronger than the people in power. We want the victims of banking fraud to be set free now and we want the ones responsible for fraudulent manipulation of documents to be prosecuted just like they did in Iceland"
"We want a Royal Commission and the renationalization of the banks"
General Cosgrove, the Governor General in waiting. Yes we could write to him although an acknowledgement of our letter to Ms Quentin Brice was never recieved. But having said that, i guess there's every chance that a new broom may sweep clean. You never know he may be out to impress first up. Great idea Gladiator, i for one will write to him once he is on board next month.
Financial wizards and witches reside at the heart of the Banking Sector, Prime Minister. These sub human people, who engineer sub standard, sub prime financial products will be the ones to bring this country to its knees. Sure there may be a few bad apples at the top of the union tree, so report their crimes to the State Police. However, it is the rank and file of union membership that are also victims of the Low Doc toxic mortgage scam. This bank scandal has reached into every corner of this nation and all socio-economic groups and mainly older people. With respect, Prime Ministerial priorities are out of kilter and in conflict with reality right now. What could sink our economy? The too big to fail banksters, not some obnoxious union boss. No-one has respect for ASIC except its bankster buddies. Please keep the office of PM clean from similar criticism. Priorities Hon. Tony, priorities............. [email protected]
Our governments seem to have a knack at making a big song and dance about dealing with corruption - until it comes to the banks and the government itself. They did it a few years ago - sorry I can't remember what the issue was but I do remember thinking at the time how hypocritical they were because they weren't dealing with the much bigger issue of what the banks were up to. Craig Isherwood and the CEC have been up against it for a long time - trying to get sense and fairness and integrity in our monetary and banking systems. It's certainly been an uphill battle, but the ship is finally beginning to turn thanks to Denise and her team and BFCSA.