Clik here to view.
WHAT A ROTTEN BUNCH OF AUSTRALIAN BANKERS
INTEREST ONLY LOANS SCANDAL ABOUT TO IMPLODE and then the ugly details will be exposed.
A potential $1.8 Trillion scandal......the largest BANK HEIST this country has ever experienced. The Banking Cartel, busy running their part of the Global Cabal 'CONTROL FRAUD,' in Mortgage lending and Asset-stripping of homes. Australian Bankers targeted older people who owned their own home and had no debt and yet on very low incomes. Banks preyed upon citizens who were amongst the poorest incomes in the nation. Greed drove our Banker Cartel Members to in fact STEAL TWO MILLION HOMES.
How many were in the Bankey Gang? 16 Lenders including the Five Majors..................
Bankers are Bankers. The old state banks eventually turned into crooks. We need to fight Bankers in the Federal arena and clean up FEDERAL regulatory neglect. Only a Royal Commission into the Major banks and the 16 Lenders who are Members of the CARTEL. Consumers interest have been trashed. For the sake of the economy we the people need to truly identify what the key issues of Government neglect has been in our "free market society." De-regulation of Banks has led to wholesale slaughter of consumer interests and safety. No-one has control of this Banking Monster.
Bankers even ensured they had total control of the Complaint Handling EDR System. A major part of Ponzi scamming as we found in the nineties with solicitor mortagge scams......the Law Societies controlled the disastrous complain handling run by the 127 law firms running the Ponzi structures. BFCSA knows fully how this operates to the detriment of consumers. Once again the target in the 90's were RETIREES - older persons...................even those in nursing homes. This time around bankers have mainly targeted Pensioners and low income citizens. bankers even relished the thought of stealing homes from Veterans on Disability support payments. Everyone who owned a home and had maximum equity, has become fair game. Then banks ran the same creating wealth seminars in CHINA and ripped off middle class older Chinese who owned their own home and no debt. Late last year Westpac blamed the Chinese and called them stupid and even stooped to calling the hapless overseas borrowers - LIARS, just as the Yanks did after the GFC and called them LIAR LOANS. Then our PM visits Mumbai. The Banks are currently running the same sham seminars in INDIA. Like all dedicated crooks Bankers blame everyone but themselves whilst they continue running this fraudulent ponzi scam.
Australian Banks then packaged up the loans and sold them as Bonds (RMBS - we warned Parliament in 2012). In the Movie THE BIG SHORT you see US traders laughing as crap American mortgage MBS bonds were sold off to Germany - "gone to Dusseldorf (Super Fund Investors) - ie sold to DEUTSCHE." In 2012, I continually asked who purchased our crappy bonds??? Answer: American super funds...................what a global mess!!!
The Scandal is a perfectly formed PONZI system, indulging in theft of homes via ASSET-STRIPPING on a massive scale and involving $800 billion or more toxic INTEREST ONLY loans sold to older persons in Australia on very low incomes. yet they have sold the same number of loans overseas. Frightening stuff. Laws have been broken on every transaction and no-one wants to own this MEGA SCANDAL. Thank heavens Labor has promised Royal Commission into Banks. LNP MPs know this will be a huge rout to reduce coalition to a skeleton as in WA. Hence election will be called earlier than you think. .POWER for CHANGE belongs to the VOTERS Intention to deceive is a criminal offence and all participants at the highest level of bank wanking should be walking the plank!!!
The Bankers could easily start WWIII, but more likely to be war by LAWYERS who are preparing to head down under to sue the pants off these white collar bandits and to hell with shareholders who were knowingly or unwittingly profiting from fraud and GRAND THEFT.
Denise L Brailey
denise@bfcsa.com.au