BFCSA: Dale McCahon says "Turnbull helps Banker mates with their dreams, but to hell with the people"
Government adverts of the time four years ago, actually told us to look at investment to look after your own interests so as to not burden the welfare system once you have retired. I put a great deal of blame back on Government as well as the Banks they gave us the mindset that we must help our selves so when we did we were sent straight into the waiting nets of the Ponzi schemes. This all needs to be exposed in a Royal Commission. Bring it on.
Is this shxt still going on even though the spotlight is squarely on the Banking and Finance Industries to be dragged in front of a Royal Commission?
It appears these industries are so cock sure of this being avoided by the protection being afforded them by the PM that they are not only continuing with their old ways but also starting new Ponzi ventures.
When will the common sense begin and the pain and suffering stop? More people are being dragged into these white collar crime scandals especially those being SIGNED UP TODAY!
Bankers just carry on regardless, because they can get away with FRAUD. The Government helps their banker Mates achieve their dreams and to hell with the dreams of the people! What sort of a nation have we become?
As consumers and borrowers who are witnessing and experiencing this shameful chapter in our banking history, have duty to FIGHT BACK. We simply MUST have a "wide terms of reference"' judging by this a "very very wide terms of reference" Royal Commission. Australia's future and more so our reputation as a nation depends on it.
The Two Commissioners will take over two years to trawl though the mountain of debt and despair and most likely will stare in disbelief at the FRAUD. We do not want a Turnbull COVER UP. Remember the scene when the Traders went to the 2007 American Securitisation Event (attended by ASIC Chief Greg Medcraft as former ASA inaugeral chief, CEO of Bank Societe Generale, and later to be Head of IOSCO) which attracted investors and broker reps from every State/ That was where the characters who had bet short on the USA sub prime mortgage market realised the fact that even the AAA's were time bombs!
They said: "The entire fxxxxxg banking system has become a giant Ponzi!"
Are we as consumers and thanks to Denise only now waking up to how big this thing is? We know what happened to us but now we realise every Australian Mortgage Loan is SUB PRIME and TOXIC. How did we allow our Politicians to do this to us?
No wonder the American Hedge Fund Traders are watching us................................
We will demand accountability and there will be more than 2000 of us. We cannot just ask Denise to shoulder this burden. She is doing her best to get the message out via social media and has big plans for 2017 as I have assisted her in the production of information to release to everyone next year. Every loan has FRAUD and ever loan was sold as a LOW DOC, no deposit to push up the property market into a Bubble that can only pop and bring us a disastrous economic Depression.
Where is the evidence? In our collective files and have been sent on numerous occasions to Treasury / ASIC / APRA / PM / Parliament and the Media and the Opposition who in April this year said YES ROYAL COMMISSION.
The present Government is not asleep. Its making big money out of these scandals and profiteering from these fraudulent loans. Free Market Policies are the problem and we are the Baby Boomers and can see that NOW!
Consumers need to band together and fight back HARD.