Our hearts go out to NabbedNanny who has fought so bravely against the banks. She is one of the earlier ones whose case was thrown out by FOS without a proper determination or investigation. She joined our group after her case was closed. She had none of the evidence we have since gathered. We are apposing such treatment of consumer complainants and the very reason Australian Security and Investment Commission chiefs will be once again hauled into Parliament to explain TO THE SENATE why they have failed so dismally as a corporate regulator during the past tumultuous 14 years. Chairman Medcraft will be brought to book.
Nan's phone lines are cut off now. She has had to explain to their 5 year child why his memories of fun times with Nan will be tarnished forever. Like the children of the depression, he will never ever trust a banker again...
Tagged in:
ASIC Contempt of Parliament
FOS lack of Determination
Inquiry into ASIC Corruption
mortgage fraud
National Australia Bank
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If the government bought RMBS to bail out the banks then they must have been aware of the entire situation. That puts them in the -
AustGovt installed a "master architect" of RMBS house-of-cards in ASIC chair Greg Medcraft who cost US taxpayers $11billion alone.
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From one Nanna to the other, my heart goes out to you. How do you explain this to a five year old? I do hope that this will prompt
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Yes indeed Lisa, we should all be lobbying Prime Minister Kevin Rudd to freeze licences on all bank who have engaged deliberately -
The government should suspend any Bank's credit license until they comply with Law and Australian society's standards of decency a
