How many lies can one Banker tell to Parliament in one sitting? a) as many as it takes to cover up the truth.
BFCSA now has all the pieces of the jigsaw. The pieces relating to fraud, forgery, lying to parliament and motivated by greed, corruption and control of the financial sector.
The Banking Cartel is obvious....driven by seventeen men and one woman.
Mortgage Fraud in Australia surpasses any other democratic nation in terms of toxic lending and regulatory capture.
Bankers have been very clever at engineering widespread looting of assets - mainly from older persons who own their own home and have no debt. Bankers classify these "targets" as ARIPs.....sellers being told by banks: "anyone with a house and a pulse."
How the Bankers developed the 30 year INTEREST ONLY financial TIME BOMB is the key to discovering how Australian Banks became the "most profitable in the world" with a population of only 24 million people, is the big question leading to the obvious conclusion: "someone is cheating."
Someone or, some 17 people were gaming the financial system, aided and abetted by the back room boys. The Sellers were set up to take the blame aided by a computer and a calculator - ah, the age of technological warfare. They were told to: "Practice on your parents, if they have a house and a pulse."
The borrowers were also set up to take the blame and all evidence to be hidden from them. The perfect swindle. Then the bankers had already roadtested the perfect blame game in the USA: Liar Loans...................borrowers are all Liars, particularly the 80 year olds' on pensions.
NICE TRY CHAPS: May I suggest 25 years jail for this toxic loan caper, an extra 5 years for targeting the vulnerable older persons, no parole, AND the seizure of all assets that were profits of criminal activity and personal fraudulent conduct.
Of even greater concern: both APRA, ASIC and the ACCC, managed to continually lie to Parliament will be the focus on how to permit a CONTROL FRAUD to run unfettered across the nation-state, targeting elderly citizens and stealing their homes.
This week, suddenly the ACCC Chief began to get a little interested in the subject of Mortgage Fraud and suggest the competition and consumer regulator needs to look and see if a CARTEL is active in the Banking sector.
The words 'Banking Cartel' is on the front cover of BFCSA submission #23 re the SOON to be heard Penalties for White Collar Crime Senate Inquiry.
Perhaps Mr Sims also read the even more substantial L F Economics Submission # 63, which has a front cover stating: Australia: A Haven for White-Collar Criminality and Control Fraud, written by economists Lindsay David and Philip Soos.
On 11 October 2016, the Senate agreed to the committee's recommendation that this inquiry be re-adopted in the 45th Parliament. The committee is to report by 28 February 2017.
http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/WhiteCollarCrime45th
Hearings to start soon...................
Denise L Brailey