Pauline Hanson’s snoodling with Malcolm over the Parliamentary Commission will not solve anything for the two million victims of Mortgage Fraud, or those suffering $100 billion losses in the bank driven agricultural and development MIS scams. Its just another chapter in the bank driven Control Fraud. Bankers will be in control behind the curtain. Bank on it.
The Victims are armed with common sense and bags of evidence of a Control Fraud and they will use it. Many know far more than they knew a few years ago in particular. Read transcripts in Banking Post GFC Inquiry 8th August 2012.
We do not need more MPs looking at Consumer fraudulent mortgage documents – been there done that.
We have NO need for more Parliamentary Inquiries but if there is one on specifically Mortgage Fraud that would be helpful to lead to an Royal Commission in 30 months time. It will show why an RC is critical to every one of us as a nation.
We do want to take part in the Penalties for White Collar Crime Inquiry as the Submissions from victims and, # 63 from LF Economics, and, #23 from BFCSA are significant documents to explain why the evidence collected for past decade, shows that Mortgage Fraud is a monstrous threat to the economy and the result of rampant multi scandals by 17 members and former members of the Banking Cartel in Australia.
If Katter, Xenophon, One Nation or any other cross benchers think a PC is good for consumers it tells me they have met very few of those suffering and have zero knowledge of the main issues and what is it stake, nor who the perpetrators and controllers are. I deal with this daily. They need to Think Again!!!!
Too many of these Politicians are making decisions based upon politics and have not been properly briefed on any of these issues. There are one or two lobbyists who think they know what the big picture is and have also been grossly misled in a darkroom.
Fraud activities and white collar crime are run by a handful of Elite's. The Control Fraud is the largest crime spree, Australians have ever seen. The Australian Federal Police looked into this in 2012 yet were controlled by ASIC. The AFP sent flick letters to the victims saying bugger off. If you think you can competently speak on this issue because you have spent two months researching this phenomenon then think again.
Only BFCSA has the evidence and we intend to use it at the right time and in the right forum. Our members will not be manipulated.
For years consumers were told its the brokers and financial advisers at fault. When we collectively cried out the words: "Its the Banks, the Banks, the Banks," members then realised they had been lied to. Parliament had been lied to by certain Politicians as mates of the Elites. Pay Inequality crept in........$10 million pay-packets vs $50,000.
Anger began at last, to set in and only when that happens can we all move forward. So what did our evil Bankers do? They fought back and tried to brand all Chinese borrowers as Liars when the bank agents were spruiking victims in Shanghai. Next, bankers branded all Australian borrowers as Liars suggesting Liar Loans by sending out fake surveys like the recent UBS model. Nice try chaps. You pulled this fake survey model in the United States of America and it won't wash here!!!!!
Then Bankers took CONTROL of paying out compensation claims to the Financial Advice scams and immediately sent over 30% of claims into the dustbin and gradually shredded others. ASIC the Corporate Cop were the overseers of this corruption of the banking system. Just like the EDR/FOS and COSL system of handing out a $20k decrease in mortgage for a $400k loss to protect these Bankers!!!
ASIC KNEW the banks were at the bottom of the MIS scams as I advised ASIC in 2001 and warned of $50 billion of collapses which later turned into $100 billion a decade later. Labor tried to fix this with string FoFA laws, but Tony Abbott watered this down the moment he was in power.
Our current Prime Minister is part of the problems our members have to continue to endure. My advice: Trust no-one who thinks a Parliamentary Commission is a good idea. Consumers Victims will get screwed yet again......and lied to.
The mortgages being sold TODAY are TOXIC. The practices we complained about in 2001 have not stopped. Elites are profiting from massive CONTROL FRAUD and that must STOP. Our nation is being thrown into PIT of DEBT. It could take generations to recover.
The lack of CONSUMER PROTECTION in Australia, has placed our economic welfare in jeopardy. Now is the time to join hands and clean up these diseases in the financial system.
If we need to wait another 30 months then so be it. Besides, we will be in election mode within 24 months and that will fly by. None of the activities mentioned will go away because they are too profitable for the Elites who control our political sphere.
BFCSA MEMBERS want four QCs and two former High Court Judges as Royal Commissioners to look over all BFCSA Member documents in brief.
Denise L Brailey