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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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Subscribe to this list via RSS Blog posts tagged in bank shareholders

Posted by on in BANKSTERS
This link below came in on a Trading News Feed & it was a rather interesting read. http://www.moneynews.com/Outbrain/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=FE8A-1 The comments I found of most interest were contained in the first section & then further down. "Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also...
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  • doyla66
    doyla66 says #
    Thankyou for that information - an important indicator. Some of this could be seasonal and no doubt cyclic. I have read elsewhere
  • doyla66
    doyla66 says #
    Instead of a sneeze - it is going to be a cough this time!!
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Posted by on in Bankers A Law Unto Themselves
Often when you tell people your story and plight with the banks or to the media- they comment - but you signed the papers. My next question to them is - so you think it is okay that fraud has been committed and that the Banks are profiting from it? Are you saying that the banks are above the law and should not be accountable to the rules set by the law of this country.  No matter which way you look at it - a crime has been commited and it needs to be investigated. Isn't that why we have laws for?  Crime is crime. No sugar coating of it or exceptions. When put that way to most people - they understand better and agree - if fraud has been committed - it needs to be investigated. So if you speak to the media - make sure you ask that question. Remain focused...
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  • doyla66
    doyla66 says #
    I am interested!
  • doyla66
    doyla66 says #
    Based on what I've read about the other political options this is probably a good time to kick off a new party. Who is the brillia
  • Denise
    Denise says #
    Hands up those who wish to be part of new party? We have a brilliant leader, an exciting name. I cannot be leader as it would de
  • doyla66
    doyla66 says #
    http://www.bfcsa.com.au/index.php/entry/bfcsa-demands-to-federal-government
  • doyla66
    doyla66 says #
    We should call for a Suspension of Normal Business in the House, and possibly a joint sitting to attend to the crime and corruptio
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  NAB Class Action  Legal action by shareholders against National Australia Bank Limited is being considered to recover losses suffered as a result of alleged non-disclosures. The non-disclosures relate to NAB’s exposure to toxic debt in Collateralised Debt Obligations (“CDOs”). Frozen credit markets were forcing financial institutions to make huge provisions on CDOs from at least October 2007. Why did NAB take so long to writedown the value of its CDOs? Did NAB keep the market informed of all information which it knew or ought to have known was material to the price of its shares? Maurice Blackburn Lawyers is investigating a potential class action against NAB on behalf of shareholders who purchased or acquired an interest in shares between 1 January 2008 and 25 July 2008. By August 2007 concerns regarding the US subprime sector had broadened into a more general credit crisis. In the latter half of 2007, as credit market liquidity froze, major financial institutions announced huge write-downs across CDOs and significant losses.   NAB’s CDOs As...
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29 August, 2012 BankWest customers tell the Senate shocking stories of fraudulent foreclosures while Australia’s financial journalists are out to lunch — dining on the Commonwealth’s Bank’s record profits. Associate Professor Evan Jones reports. ON THURSDAY 16 August, the Sydney Morning Herald reported the Commonwealth Bank’s approximately $7.1 billion profit, up $700 million from 2010-11. The Herald’s financial journalists fell over themselves in adulation. Here was a true national champion. The previous week, a different story was being played out. The Senate Inquiry into the ‘post-GFC banking sector’ held hearings in Canberra (8th) and Sydney (9th & 10th). A couple of dozen spectators attended the Sydney hearings; it appears that the Herald was not amongst them. It was a spectacle. Transcripts of the hearings are available here. The Senate Economics Committee instigated its banking inquiry in March, following pressure from myriad former customers of CBA-owned BankWest who claim that their...
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  • doyla66
    doyla66 says #
    Thanks, John. I follow Independent Australia. There have been some excellent articles on banks and bank misconduct. Evan Jones ha
  • doyla66
    doyla66 says #
    You've struck gold again Lisa.
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  Still waiting to recover fire in the belly by: Peter Switzer From: The Australian August 18, 2012 12:00AM   Westpac chief economist Bill Evans says talk of interest rates rising may be spooking consumers. Source: Herald Sun   JUST when we thought we had an improving economy, consumers have failed to give the work of the Reserve Bank and the Gillard government the thumbs up. Ironically, the news of a 2.5 per cent fall in the Westpac consumer confidence index to a disappointing 96.6 in August coincides with a rise in the NAB business confidence index to 3.9 in July, from -2.9 in June. It is the first rise in business confidence in three months. The great entrepreneur and business builder Gerry Harvey is bewildered about how tough conditions are right now. The NAB business conditions index fell to -3.5 in July from -1.1 a month earlier, which would seem...
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A LEADING Australian banker has been branded a goose after he reportedly praised Hitler during a briefing of business leaders. Macquarie Bank board director Michael Hawker reportedly told the meeting Hitler was a skilled leader. "You have to paint a great picture of your vision of the future if you want people to follow," he said, according to a report in the Australian Financial Review. "Hitler painted a great picture ... Well, maybe not from another point of view." The comment was allegedly made to Macquarie clients at Sydney's swanky Westin Hotel on Thursday. Macquarie Bank yesterday refused to say whether Mr Walker was accurately quoted or address concerns the comments were offensive. Read on ... http://www.heraldsun.com.au/news/victoria/hitler-had-great-vision-macquarie-bank-board-director-michael-hawker-tells-business-leaders/story-e6frf7kx-1226452911520 (Note: I used my FREE 28 day pass from The Australian to read this.)...
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  • doyla66
    doyla66 says #
    If more people read books like PAWNS IN THE GAME by w.g. carr. OURSELVES AND GERMANY by lord londonderry.and the HISTORY OF THE CO
  • doyla66
    doyla66 says #
    When the bank and regulatory staff go to jail or have to be under supervision or investigation, they should pay for all this thems
  • doyla66
    doyla66 says #
    Unbelievable! Offensive on so many levels. I am sickened by this sort of unconsciousness.
  • doyla66
    doyla66 says #
    Mr Hawker: the common denominator with Aus. banksters = both executed the greatest ConJob on their own citizens. Go paint your pic
  • doyla66
    doyla66 says #
    yessss!
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Posted by on in BANKSTERS
Collectively, HSBC + JP Morgan + NAB + Citigroup own •  49.23% of ANZ •  45.09% of NAB •  42.85% of Westpac, Who own: •  100% of Rams •  100% of St George •  100% of Bank SA •  38.21% of Bank of QLD •  36.70% of CommBank, Who own •  100% of BankWest •  33% of Aussie Home Loans •  28.49% of Bendigo Bank...
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  • doyla66
    doyla66 says #
    It sounds like Unilever and Colgate Palmolive who owned the majority of brands of household items and marketed then against each o
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Posted by on in BANKSTERS
We all know that there is no 'Truth In Lending' in Australia, and by the looks of it, not any where in the world. The ABA Chief saying they are worried about their image makes me think of the school yard bully, pushing you over, stealing your lunch and threatening you with a beating if you tell anyone. Have a closer look at just who these bankers are, and you'll find some interesting details about ownership: Below are the details from the major banks Annual reports.  You'll notice immediately that there is an obvious pattern.   The links are to their annual reports so you can see the truth yourselves.  It would appear that a few players own the market.  It rings a bell somewhere that this smells of monopolisation of the banking industry by a small number of overseas companies. It is interesting to note that HSBC is a significant shareholder in...
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  • doyla66
    doyla66 says #
    So, it appears very clearly to me & anybody else who reads those 'transparent' Annual Reports that there is most definitely one ru
  • doyla66
    doyla66 says #
    My guess is that no one in the Australian parliament is game to say a word about it! If we knew exactly what Australia's LVR is ie
  • doyla66
    doyla66 says #
    Money laundering is a tricky one as is governance. Within international business it has a lot of unseen perils. One of the proble
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