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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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FARMERS ROBBED by NAB AS WELL- WHERE'S OUR LUCKY COUNTRY?

Posted by on in Stolen Homes
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As if our farmers don't have enough to deal with -a lady from Walgett signed and wrote-

Because my family lost our homes and farms due to the NAB being able to seize our business and only assets in an unfair and unethical manner without being made accountable to any independent authority.

Australian banks are destroying family farmers and small businesses allowing large corporations to take control. If Agribusiness lenders are going to lend to farmers in a drought they should not be allowed to then refuse to finance crops and apply penalty interest rates to ensure the farmers goes broke, if they are prepared to lend and take the farmers only asset they should not be allowed to leave the farmer homeless which is what the NAB did to my family.

Goodbye family farmers, welcome to a culture of foreign backpackers with no commitment to Landcare or the community, this is what Australia's Agribusiness banks have done to rural Australia because they are answerable to no one.

Banks should not lend to farmers in a drought if their intention is then to refuse to finance their enterprises to repay the debt, farms should not be left to not produce food and fibre once an agribusiness lenders decides to move in on the borrower, these lenders should face harsh penalties for not respecting their Duty of Care to the borrower.

Banks have made a lot of money from farmers in government interest subsidies that were introduced to keep farmers on the land, especially penalty interest rates, and they do not even offer the farmer a $5.00 hamper once they have evicted the farmers treating them like criminals with sheriffs, bodyguards and locksmiths.

This is not the Australian way where we look after each other, and NAB agribusiness should know better, the bank that promotes itself as being the bank for all seasons. To me for an overhaul of Australian banks especially the agribusiness lending practices that are destroying family farmers forever. 

Maggie M

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Comments

  • doyla66
    doyla66 Thursday, 13 March 2014

    Great post - well said!
    We need more farmers to talk about what's being done to them and whether they ever get to see their lending/credit facility documentation.
    It's hard to believe the way this country is going. Sometimes it's like living in a scary surreal nightmare.
    We even have to involve legal terms to talk about what used to be normal caring and concern, ordinary community spirit, the natural humane way to live - Duty of Care. What are they doing to students and corporate staff e.g. training, education that makes it necessary to remind them to care? Is this "Rule of Law" gone to far?

  • doyla66
    doyla66 Thursday, 13 March 2014

    Every single day so much evidence is coming out re what they have been up to, aided and abetted by one very toxic GM evil weasel who looks to have been involved right from the onset and still right in the thick of things and right up to his neck. No need to mention any names of course but how is it possible for all of this to be suppressed for much longer before it explodes? It is so apparent from all the new stories coming out that we have all been preyed on, conned by, lied to and bled dry by a bunch of crims. Surely it's all going to explode and soon for it won't be possible to suppress all the truths coming out for much longer and that house of cards on such shaky foundations explodes with a huge band and turns into a house of shards!

  • doyla66
    doyla66 Thursday, 13 March 2014

    Deceitful Nab playing games with our lives. I live the nightmare nearly 12 months after we had been evicted. House sold in November 2013 but have not heard a peep from Nab. Slack as.!!! Figure that out. Nab couldn't wait to send default letters etc but when it comes to finalisation nothing.!!!! This nightmare started in 2007 with a fraudulent business loan.

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