Mortgage customers ‘urged to lie’ [All this was way back in 2003 by the way!!]

Housebuyers are being encouraged to break the law in order to obtain huge mortgages, the BBC has discovered. Brokers, and even banking staff, have been telling buyers to lie about their incomes to get bigger and bigger loans. And these underhand tactics could also be the reason why house prices have gone on rising for so long. CLICK HERE

WATCH THE VIDEO OF THE 2003 DOCUMENTARY HERE: –

The press release – BBC Money Programme uncovers massive mortgage fraud
BBC TWO’s The Money Programme has revealed a huge mortgage fraud with brokers from some of Britain’s biggest estate agents and financial advice groups advising customers to break the law and lie about their incomes to get massively bigger mortgages. And it shows how the illicit cash raised by this method has been pouring into the housing market, boosting prices and leaving many people risking financial ruin.

“Could you believe that a bank would invite customers to defraud it? It may sound incredible, but that is what some of Britain’s biggest mortgage lenders have in effect been doing.” CLICK HERE

I have also only just realised the significance from this article that Clerical Medical were one of the Bank of Scotland’s “assets” as well as being their insurer, and it was Clerical Medical who sent the proceeds of my daughter’s savings plan to one of the Vavasseur Fraud’s ‘collecting accounts’ at Bank of Ireland – never to be seen again ! I am challenging them on this at this very time, and conveniently, they do not seem to have any audit record, and were clearly in breach of the FSMA Markets Act. They have already tried to argue that the Money Laundering regs. didn’t come in until 2003 !

HBOS have tentacles everyhwere, and the majority of financial institutions and accounting practices are IN THEIR BACK POCKET – thus, disgracefully stacking the odds in their favour.

It begs the question: when Paul Moore warned Crosby that the Bank was “growing too fast”, did he really mean “growth” or was it because he felt uncomfortable admitting that, in fact, he saw – staring him in the face – all the hallmarks of FRAUD ?

Is there even any provision in Chancery Law to ‘say it how it is’ and for the Head of Risk to alert the Authorities that the bank’s CEO refused to allow him to report SUSPICIOUS ACTIVITY or even to politely caution him that “if it looks too good to be true, it probably is” ? It remains an anathema that Paul Moore did not end up reporting suspicious activity over that which he conveniently termed “fast growth, posing risk to capital” ? More than that Paul baby, much much more…..

Let it not be overlooked that the quarter billion USD collected and STOLEN by the Banking Cartel and the Authorities aiding and abetting them through highly sophisticated organised Crime Rings in the Vavasseur fraud was worth at least $3 Billion dollars in the issuance of ‘new notes’ or MTN’s through the fraudulent Fractional Reserve Banking System of issuing derivatives out of collateral bonds ! No doubt the original collateral then ended up in the banksters pockets to pay them their UNEARNED ‘bonuses’ ? THESE GUYS ON THE BOARD OF HBOS ARE CRIMINALS AND SHOULD BE JAILED IMMEDIATELY. THEY ARE FINANCIAL MUGGERS OF THE WORST TYPE.

Lying euphemisms like “toxic debt” and “quantitative easing” are a play on words and should be regarded as ‘obstruction of Justice’ and stripped bare to expose their true context. Why is there so much pussy-footing around ?