BFCSA Blog

BFCSA Members have managed to make their presence felt.  As one member stated: "Can't believe Reserve Bank Australia have given the interest rate cut today and within the hour, the four Major Banks have passed on the FULL rate cut!   Normally it takes the banks a week or more to pass on 50%.   Bankers must be feeling the pressure!!!!!! Let's keep it up Members!!!!!" Yes indeed.  Banks fear a Royal Commission, lest all their grubby whopper Low Doc Mortgage Fraud secrets come oozing out from their vaults.  Now all we need is a few executives thrown across the boot of their cars and unceremoniously hand-cuffed.....all on the nightly news. The Banking Sector teach all brokers to use the bank engineered SERVICE CALCULATOR and entry is via the bank's own password.  Brokers then must type the correct income figures into the top left hand corner of the screen.  The Bankster calculator then delivers the "fudged figure" at the bottom...

0 0 0 Hold Corrupt Bankers Accountable for Fraud   BY OLIMPIA LEE   Target: European Parliament   Goal :  Hold corrupt bankers accountable for their fraudulent actions   Big banks have been caught rigging global interest rates and ripping millions of people off, but they still have not been held responsible. Now, the EU finance regulator is standing up to big banks and taking action to bring much-needed reform. Urge the EU to stand up to the powerful bank lobby and hold corrupt bankers accountable.   It is public knowledge that big banks such as Barclays have tweaked global interest rates to receive more money from people paying their mortgages, student loans and other debts. This behavior should be punishable by jail, but Barclays only got fined a small fraction of its profits due to the powerful bank lobby. Considering the waves of banking crises that continue to affect our economies and livelihoods, a...