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From Dale McCahon
Mr Dastyari it is obvious you have seen the system first hand and you are well aware of the stumbling blocks that are put in the way by these Bankers.
You can probably also understand that you have abilities far greater than ours to answers lot quicker and easier than us victims who are just your average man in the street. If you and other politicians feel the angst trying to get to the truth through the red tape and malaise of hidden pathways to justice imagine how it is for us.
In most cases I personally am aware of and in our own situation we were close to completely broke, all of our funds taken by the crooked banks while we continued to try to meet our commitments and endeavour to find answered as to how we could get our stolen money back.
With a fair bit of hard work and the luck of stumbling across BFCSA headed by Denise Brailey I managed to put a strong case together in the EDR system with FOS hearing both of my cases against two different Banks, they had both committed the same FRAUD but it was as it is in resolution watered down to said maladministration but it still did not put us back in the position we were in before we met the lenders as it should do.
There is in the winning of the case no compensation for the losses we have incurred nothing for the stress endured and I think worst of all there is no penalty applied to the Banks as they have only had to in real terms return a portion of what is only the interest we had paid to them. My feelings are that in any situation where it is proved the Banks have committed these lending offences the customer should automatically have the loan dissolve and there should be a penalty applied returning half of the original loan amount to the borrower to cover the stress and anguish that has been suffered.
The client should always be returned to the position they were in before meeting their lender. The only way to deter any business from knowingly selling a defective product is to make them give a full refund and put a penalty in place that prevents the temptation to up sell rubbish defective products.
Our Banksters system drastically requires a major overhaul but the dirty dealing of the last thirty years firstly need to be exposed and steps put in place to prevent the temptation for the Banksters to go down their same crooked pathway again.
No amount of bullshit investigations and panels looking into Banksters activities will change their method, only a wide terms of reference Royal Commission will do, this country needs it not just the victims of their conniving ways so please help make it happen. Thank you for all your own personal efforts against these powerful and elite Banks.
