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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: The big four banksters get caught out for shafting superannuants. SHAME,SHAME, SHAME.

Posted by on in Bankers A Law Unto Themselves
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Dear members

Our illustrious big four banksters have been caught out again. The banksters in their scheming wisdom have decided to put super investment funds into the lowest yielding accounts thus ensuring the wise banksters get maximum return on the money for themselves, whilst giving the minimum amount of return to the super investors. Like I said before all super is the next chapter in the banksters master plan to rob every asset possible from all Australians, their combined greed knows no bounds.

And to top that off the beloved NAB has the hide to complain that there are to many regulations in the financial services industry, it curbs competitiveness they claim. We have all been witness to what NAB did to Nabbed Nanna, well just read the latest Senate submissions on what they did to some big family food producing properties out Walgett, NSW way and how NAB replied to the family submission making out that they were empathetic and only resorted to their actions as the family didn't want to play ball. Its sickening how the lawyers for the banksters write the scripts for the banksters compliance officers to reply to individual Senate submissions.

And where are our elected leaders and watch dog regulators while the banksters rob us blind again? Whats ASIC's excuse this time Mr Medcraft or as being cut from the same cloth as your bankster mates ,would you say its prudent banking investment? Of course once a bankster always a bankster and you must seem like Santa Claus to your mates being in charge of the regulations now. And what of David Murray?

Of course MURRAY will find in favour of the banksters and maybe suggest a few minor changes and that way the politicians will have covered their backsides and unfortunately according to the Advisor broker magazine consumer satisfaction with the big four banks is the highest in two decades so no doubt this fact will be trumpeted in the halls of power by ASIC.

There has to be a separation between the banksters, politicians and regulators or justice will never be seen to be done until there is a complete breakdown of the cosy arrangement that prevails at present.

All I want for Christmas is peace and goodwill to fellow man and an honest and just system where the wronged can seek justice without being persecuted and get a fair hearing without running the gauntlet of the banksters hired thugs.Thanks Neil T.

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  • doyla66
    doyla66 Friday, 20 December 2013

    What more can Nab come up with now. How dare Nab complain about to many regulations!!!! It would not matter if there were a mill or so regulations Nab would not bother fulfilling them. Nab would not have been empathetic, Nab would have kept pushing and bullying their way through until they annihilated the family. The family would not have been given the opportunity to Play ball. We even made an offer to re purchase our home through FOS and the arrogant and smug b.......s did not even bother to respond. The legal eagles are treacherous and cruel. They only ever provide answers if it substantiates there cause. Everyone knows how I feel about Nab and the shonky goings on within the organisation. They are liars and fraudsters.

  • doyla66
    doyla66 Friday, 20 December 2013

    Banksters. have a heart!

    Having been the recipients in 2008 of a large unaffordable loan that was only loaned due to asset value with no income even provided contravened a law that was established in 2003, to supposedly protect home owners. We have now handed the keys to the NAB and they have allowed us graciously (haha) to make claims to any chattels that were left on the property. Initially giving us one week to leave, my husband negotiated and they gave us 2 weeks to vacate! Having owned the property outright in 2005 we are now left with less than nothing and losing our family home just 2 weeks before Christmas. This type of action makes Ebeneezer Scrooge look like a generous saint!! Happy Christmas!

  • doyla66
    doyla66 Friday, 20 December 2013

    Wow Sharon, You know exactly what I, you and no doubt thousands of others have been subjected to with the Nab. They are like vultures ready to pick your bones.. Even after leaving your home it is not the last you will be tormented by Nab. Now 6 months on, what we are being subjected to all due to the Nab is unbelievable but unfortunately I cannot bring it out into the open at the moment. I will though believe me. It involves me having to take out intervention orders now. I would not wish this on anyone. Don't feel humiliated or ashamed, you and hubby are not alone in this sordid tale.

  • doyla66
    doyla66 Saturday, 21 December 2013

    One does not have to be a rocket scientist to realise what’s going on if what I just saw on the CEC site is true re a 15% fall in property prices would see the 4 wolf packs wiped out! Does this perhaps indicate property clearance rates are NOT as healthy as reported and plan B has been implemented to do necessary book cooking? OMG where and how this will all end is beyond me for the more I search and the more I find the more I am starting to believe that all I once thought to be conspiracy is fact! Has anybody done any research into what the World Conservation Bank is all about? Whoa – if all I have seen is true we are seriously in trouble if our World Heritage areas have been securitised to cover Government debt. Have I missed something or has that not ever been reported in the media? Now for something I did read earlier to put a smile on faces - IMF bail-in recommendations include for Bank CEO’s to be used as scapegoats! Sure hope they all know, have assets well protected, passports in order and when time to flee are as fleet footed as Christopher Skase was rather too slow Joe like Alan Bond who if you recall ended up in the clink for a long time before able to enjoy the spoils of hidden booty. History after all does have a habit of repeating itself!

  • doyla66
    doyla66 Saturday, 21 December 2013

    CEC has good ideas - especially how to implement the reinstatement of Glass Steagall and rectification/re-regulation of our Banking industry. Chop the big banks up into smaller pieces - feed the bad part to the sharks.
    It wouldn't surprise me to discover all of Australia and Australians themselves have been fed to the securitisation monster. It has to come unstuck and will probably end in WW3 if govts aren't willing to be honest and admit it's beyond them to manage it. Selling off my country and putting my name up as part of the securitisation package is not only unacceptable it's blood money.
    Do you have a link for the IMF Bail-In recommendations? - sounds good :)
    Same for all of us: our few assets well protected (waltzing matilda lol), passports ready and jump when we get the signal. The airports will be jammed, we may have to become boat people to leave the place quietly.

  • doyla66
    doyla66 Sunday, 22 December 2013

    Vulture and Bond - oops - omit middle word when googling

    Can't find the one I saw that snippet in re fallguys for have scrolled through so many but this link also alludes to it albeit not so bluntly. Definitely worth reading and it has links within - here is a snippet cut and pasted - link at comment end

    So there are three key paragraphs on page 12 (PDF page 13) that address this. The first one is that "there are compelling arguments in favor of an approach that minimizes the role of the courts". Keep those judges out of it in other words, as they might not do what they're supposed to do. Indeed, the IMF explicitly recommends not allowing the judiciary the ability to reverse this resolution, although it could be allowed to award damages in some instances. Instead, it is more appropriate for the "decisions to be taken by the banking authorities". In other words, the very same regulators who failed to properly regulate the banks and allowed the disastrous situation to be created in the first place are the best possible experts to resolve the crisis.

    Aha - now we know why Joe is amassing the troops - obeying orders but not our orders re a la Iceland thank you and good riddance to bad rubbish. But who in Parliament is big and brave enough to put up the big stop sign if not big Joe who alas appears to be turning into a shrinking violet as he shrinks in body size? We need somebody big with a lion heart not afraid to buck the system! As for Banksters - what a way to earn a living going to the banking casino every day! If I were any of them I would issue an immediate order to pay out any victim who lodges a complaint all stolen along with a bloody good bonus for torture inflicted + hush money on the side to protect their daily fix from really being exposed. Would not even make a dent in their petty cash tins which one would think are more than large enough to cope and not included in cooked books! Silly silly banksters - silly silly Governments and stupid stupid ASIC! Still not realised any of them that the more they delay the worse it becomes and the more they fob us off the more they frustrate and the angrier and more learned and wise we get as the word spreads and more victims join in for good multiplies equally as fast as evil. Oh yes Lisa - blood money indeed and a triple whammy from my perspective sticky fingered input errors along with evasion and cover-up and missing document pages (but thanks for the proof there were more ANZ) - blatent lies re income and business - huh??? WHAT business?? Add to that insult of the highest order for making the mistake of thinking I am nothing more than a pesky insect minus a brain or ability and all the torture I went through. Now tell me high roller Banksters - is it true that Cyprus was the sacrificial lamb selected from countries who then had bail-in in place and what you did to them was a test run? If yes hope you have all been promised bigger bonuses for looks to me like bail-in implementation will add a new dimension to the game which will include russian roulette not knowing what country or Bank will next have the plug pulled! I personally would not be racing the clock to fine tune systems for bail-in if I were you - far too big a risk it sounds to me for what if who you trust turns out to be not trustworthy?

    Whew - now got that off my chest here's the link -
    http://danielamerman.com/articles/2013/IMFbailinC.html

  • doyla66
    doyla66 Wednesday, 25 December 2013

    Poirot or just scrambled brain?

    Have read interesting things in a few sites over the past few days and all say the same thing - the IMF has issued some directive - APRA has ordered the wolf packs to increase their reserve supply from 7% to 8%????? But I thought they were supposed to keep 10% in reserve! Something is afoot - Joe has borrowed to top up the RBA supply - the debt ceiling has been removed - more theft and as usual in stealth and what is apparent cooking books again and this time from super. fund accounts. Add that to all the self-securitising going on (as Denise so beautifully described it changing undies and passing the buck down the line). OMG - no wonder such a high stench - all operating in panic to avoid being taken to the cleaners! You don't possibly think those funds Joe recently borrowed to top up the RBA supply and removing the debt ceiling means if good boys and girls and they reach their target in time the reward from the big bag of lol-lies is 2% each to bring reserves into line with what they should have been all the way along, do you?

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