BFCSA - ON THE BANK BATTLEFIELD FOR 15 YEARS.
Mortgage Stress will have an ugly trickle down effect on the economy when only another creep of 0.05% bank rate rise will cripple so many families, entrapped into LOW DOC INTEREST ONLY SUB PRIME MORTGAGE LOANS.
Trust and Confidence in Australian Banks has been trashed by Major Bank CEO's. Depression likely, whilst we as a Nation. prepare to clean up the mess. The Royal Commission into Banking Scandals is a must have. We cannot move forward as a Nation whilst Al Capone and his cronies are in charge of the neighbourhood. Mortgage Stress will have an ugly trickle down effect on the economy when only another creep of 0.05% bank rate rise will cripple so many families. ABC speaking of this looming bloodbath this morning. The looming Mortgage SUB PRIME Crash is Australia's massive story of greedy bankers, toxic products and predatory lenders who callously spruiked their prey: "anyone with a house (debt free) and a pulse." That was the internal bank driven jargon. We have the proof. Bankers have trashed their own 100 year old "confidence and trust.
The original architects are the ConManwealth Banker Chiefs of Murray/Norris/Narev. That is why Hockey chose MURRAY to lead the FSI. BFCSA warned on that appointment: "Murray has zero integrity if he takes that appointment." At that point, Governmental cover up was obvious. Murray accepted the post and would not discuss any submissions re Mortgage Fraud. We noticed that appointment as being utterly corrupt. Hockey knew what was coming and fled to New York.
To stay competitive in a crookedly manufactured "new toxic" markets the other top bankers fell into line under de-regulation and non enforcement of law. White Collar Crime is NOT a victim-less crime as the entire country will suffer the side effects of SUB PRIME LENDING CRASH. People will eventually be angrier at the regulatory COVER UP and consequences.
We can see what is coming due to the gathering of collective evidence from thousands of people affected by loan fraud by Banker. Truth always ahs a way of bubbling to the surface. The original Banker architects never expected to be able to run the PONZI for so long. By 2012, they had all jumped ship and their greed driven proteges took over. There will be no mercy from horrified Australians as the TRUTH emerges. Denise Brailey#bankRC www.facebook/BFCSA Twitter: DeniseBrailey
Need help with having a closer look at your mortgage?denise@bfcsa.com.au