BFCSA: TO ALL THOSE WHO ARE STRUGGLING TO UNDERSTAND THE FACTS RELATING TO...
TO ALL THOSE WHO ARE STRUGGLING TO UNDERSTAND THE FACTS RELATING TO AUSTRALIAN BANK DRIVEN MORTGAGE FRAUD VIA PONZI FINANCING. I appreciate you are learning something new by reading this site. You...
View ArticleBFCSA: APRA orders Australian Banks to slam brakes on SUB PRIME LOW DOCS...
APRA orders Australian Banks to slam brakes on SUB PRIME LOW DOCS interest-only loans Georgia Wilkins Borrowers looking to buy a house with an interest-only loan will find it much harder under new...
View ArticleBFCSA: Australian Sub Prime Interest Only Loans 40% of Loans Books. Are these...
Are Australian Banks lying to APRA? FAKES STATS? More like 60-90% Interest only loans? Who TRUSTS Banks Stats? NEEDS A BIG AUDIT!!! Guesstimates from 60% to 90% INTEREST ONLY LOW DOCS BANK...
View ArticleBFCSA: The demolition of FOS and CIO is now on! Major Banks want ONE JUMBO...
Our stupidly dumbo Prime Minister fails to understand you have the ROYAL COMMISSION FIRST. Then, if you are sensible, you create a Government controlled Federal Consumer Protection Bureau, to enable...
View ArticleThe BFCSA October Report to RAMSAY Review re Consumer Complaints against...
BFCSA SUBMISSION TO RAMSAY REVIEW OF EDR SYSTEM 7th October, 2016 Ms Denise L Brailey denise@bfcsa.com.au The Financial Ombudsman’s Service (“FOS”) and the Credit Industry...
View ArticleBFCSA: S&P's rating cuts stir up the 'too big to fail' debate over the banks
S&P's rating cuts stir up the 'too big to fail' debate over the banks Australian Financial Review May 23 2017 3:01 PM Jonathan Shapiro Rating agency Standard & Poor's threat to downgrade...
View ArticleBFCSA: Labor targets dodgy company directors with crackdown on phoenix schemes
Labor targets dodgy company directors with crackdown on phoenix schemes Sydney Morning Herald May 24 2017 - 12:15am Adam Gartrell EXCLUSIVE All Australian company directors would be assigned special...
View ArticleBFCSA: Damage to the Australian Economy caused by the LNP in 1996
DAMAGE TO THE ECONOMY. Caused by the LNP in 1996 I raised the issue of White Collar Crime burden on the Nation with PM John Howard via letters in 1999 re Managed Investment Scams whereby RETIREES were...
View ArticleBFCSA: Banker CHARLES PONZI: who is he and how to identify the Modern Aussie...
WHO IS CHARLES PONZI? Who is the Aussie Ponzi? Charles Ponzi (a Sicilian emigrant to America), started his financing scams re postage stamps in 1920's, after doing a bit of time for theft in Canada....
View ArticleBFCSA: Bank levy makes guarantee explicit, may make APRA more hawkish
Bank levy makes guarantee explicit, may make APRA more hawkish Australian Financial ReviewMay 25 2017 11:00 PM James Frost Fallout from the government's surprise tax grab continues to reverberate as...
View ArticleBFCSA: Government Supporters of Bankers says Small banks are also...
Small banks are also too-big-to-fail Australian Financial Review May 26 2017 10:25 AM Christopher Joye If Australia's beloved banks were implicitly government guaranteed before the global financial...
View ArticleBFCSA: BFCSA: Who would trust CommInsure??? CommInsure customer faces home...
Can you think of a compelling reason why the big banks shouldn't be taxed more heavily? Key points: Bank levy expected to raise $6 billion Levy will apply only to CBA, Westpac, NAB, ANZ and Macquarie...
View ArticleBFCSA: Kohler says: Banks should get out of wealth management. BFCSA Members...
Banks should get out of wealth management The Australian 12:00am May 27, 2017 Alan Kohler The banks have been internally investigating their wealth management businesses lately, inspecting individual...
View ArticleBFCSA: Reserve Bank of Australia in discussions re Foreign Exchange Scandals...
RBA deputy Guy Debelle promises to liberate world's foreign exchange traders Australian Financial Review May 25 2017 6:04 PM Aaron Patrick On Anzac Day 2015, Guy Debelle, an assistant governor at the...
View ArticleBFCSA: 'Taxpayers sabotaged': Companies not paying tax despite receiving $6...
'Taxpayers sabotaged': Companies not paying tax despite receiving $6 billion in government contracts Sydney Morning Herald May 27 2017 - 12:24am Eryk Bagshaw EXCLUSIVE Multinational companies...
View ArticleBFCSA: Land Contamination Scandals: EPA keeps contamination hidden to protect...
EPA keeps contamination hidden to protect property prices Sydney Morning Herald May 27 2017 - 6:00am Mario Christodoulou, Patrick Begley The state's chief environmental watchdog has been keeping...
View ArticleBFCSA: How Anna Bligh’s Australian Bankers Association coup was sealed
How Anna Bligh’s Australian Bankers Association coup was sealed The Australian 12:00am May 26, 2017 Pamela Williams It was early on a Friday morning — February 17 — that National Australia Bank chief...
View ArticleBFCSA: ASIC chairman Greg Medcraft flags new broker guidelines on conflicts
ASIC chairman Greg Medcraft flags new broker guidelines on conflicts Australian Financial Review May 25 2017 5:39 PM Joyce Moullakis The corporate regulator is poised to release stringent guidelines...
View ArticleBFCSA: Banks cave in on overdraft "Horrendous" clause. Farmers, small...
Banks cave in on overdraft clause The Australian 8:02pm May 25, 2017 Robert Gottliebsen Finally, after 18 months, the banks have caved in on small business bank overdraft agreements. Many tens of...
View ArticleBFCSA: Big mortgages squeeze home buyers' basic living costs
Big mortgages squeeze home buyers' basic living costs Australian Financial Review May 22 2017 11:00 PM Sally Patten Borrowing six times a household's salary to buy a property would make it difficult...
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