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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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Royal Commission into Banking will allow greater access to information by at-risk Consumers

Posted by on in ROYAL COMMISSION URGENT
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"A Royal Commission into the Australian Banking Sector is our democratic right.

To deny us that right is truly unAustralian."

 

There are many strong arguments in favour of holding a Royal Commission into Banking with wide terms of reference. 

One of the side effect of the Royal Commission is its capacity to bring the issues into every Australian home through the main stream media.

This in turn will generate far greater awareness of the serious anomalies and inherent risks within the Australian Financial Sector.

It may also answer the questions for so many Australians whose lives have been smashed by the deregulated "free market" Australian Financial Sector, directly and indirectly, including the big ones:

Why weren't we told?

How could this be allowed to happen in Australia?

Consumer protection isn't for just for the elderly - it benefits all Australians. We've been badly misled by those entrusted to protect us, our families, our homes and our livelihoods. There are far too many gaps in the system. BFCSA members can tell you all about it from bitter experience.

The Australian Royal Commission into Banking will result in the mainstream media flowing these important issues beyond the "business pages" of their reporting and onto the front pages of our dailies, talk shows and every other means of information dissemination both here and internationally.

The power of Audio Visual mass media presentation in getting the message across and reducing access issues cannot be overstated.

Previously complex financial issues can and will be discussed in plain English and other languages for all to grasp the true meaning and personal relevance of the facts.

Of course uncontrolled transparency is not a desirable outcome for banks, lawyers or Governments. There is ample evidence to support that statement.

Transparency is a very desirable environment for all consumers. Their calls for the openness and honesty appears to have fallen on deaf ears.

Without transparency and ready access to easily understood information on the real stories and risks of the Australian Financial Sector how can Australians make informed decisions for themselves and for those they hold dear?

The Australian Royal Commission process is people power in action.

All Australians can tell their stories.

All Australians can produce their evidence.

All Australians can get answers.

We deserve this right.

Attempts to downsize or obstruct the Australian Royal Commission into Banking are both undemocratic and unAustralian. 

We're all wondering what they're hiding. What lies beneath the tacit permission for the harming of up to a million Australian lives, both directly and indirectly, by default.

The Australian Royal Commission into Banking with wide terms of reference can ring in a new era of transparent and ethical conduct within the Australian Financial Sector and Banking in particular. Australian deserve a much better deal all round.

And those financial service providers who cannot or will not operate under the new order of consumer protection first and foremost are welcome to go elsewhere!

CALL FOR AN URGENTLY NEEDED ROYAL COMMISSION INTO BANKING NOW WITH WIDE TERMS OF REFERENCE!

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  • doyla66
    doyla66 Friday, 07 September 2012

    Only Royal Commission can examine, identify, untangle & dismantle deliberate complex fraudulent banking derivatives products ASAP.

  • doyla66
    doyla66 Friday, 07 September 2012

    Hi Denise & BFCSA Members,
    Why not join forces with Unhappy Banking, link together to call for the Royal Commission?
    More Support mean there will be more Public awareness and the politician might pay more attention.
    Best regards and thank you for your great efforts Denise and may God bless you with favours, good health and strenght not only physically but emotionally and spiritually.

  • doyla66
    doyla66 Friday, 07 September 2012

    Hi Denise & BFCSA Members,
    Why not join forces with Unhappy Banking, link together to call for the Royal Commission?
    More Support mean there will be more Public awareness and the politician might pay more attention.
    Best regards and thank you for your great efforts Denise and may God bless you with favours, good health and strenght not only physically but emotionally and spiritually.

  • doyla66
    doyla66 Friday, 07 September 2012

    Good idea Hugh. UNHAPPY BANKING also has good evidence about the BANKS FRAUDULENT activities.

  • Denise
    Denise Friday, 07 September 2012

    Thanks for your kind thoughts Hugh. I met with Geoff in Canberra and also other members and they support our efforts and our petition is spreading to UK. Yes we are both calling for a Royal Commission and we support their endeavours. We hope their members will also support us.
    Geoff has now registered the Banking Reform Party.
    I believe the key to the Royal Commission will be the evidence we have found that 10% of FULL DOCS are fraudulently tampered with.
    I believe that is the goal kicker.
    [email protected]

  • doyla66
    doyla66 Sunday, 09 September 2012

    Yes, infestation of "Mainstream" banking Full-Doc products must be a game changer & raise the necessary eyebrows , if not, the curtains!!!

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