Farmers and Bank Greed

News

Menu

Login RSS

Cuzz Media

Cuzz Media

Cuzz Media is part of t...

NAB VICTIM

NAB VICTIM

In late 2008 we became vi...

Banking In Australia Today

Banking In Australia Today

Visit Banking in Austra...

Donate Please

Donate Please

We need your support. ...

Prev Next

Twitter Facebook Pinterest Google+

Home
/
Farmers & Bank Greed

Farmers and Bank Greed

Farmer owes double due to default interest

Published in Farmers and Bank Greed
1 comment

Farmer Deborah Smith at the Brisbane Magistrates Court. (AAP)

Drought-stricken Queensland graziers Deborah and Ken Smith thought they would be left with nothing but the clothes on their backs, even before they were hit with millions of dollars in interest on their loans.

Read more...

Forced asset sales by banks destroying farmers' lives, Nationals senator says

Published in Farmers and Bank Greed
Be the first to comment!

The banking royal commission will hold public hearings in Brisbane and Darwin to hear from farmers in rural and regional areas. Photograph: Bloomberg/Bloomberg via Getty Images

John Williams wants royal commission to investigate the practice and calls for tougher penalties. The Nationals senator John Williams says liquidators need to face much tougher penalties if they fail to sell repossessed farm assets for market value.

Read more...

Banking royal commission: His $22m family farm was sold off, but his voice won't be heard

Published in Farmers and Bank Greed
Be the first to comment!

Photo: 'I initially put a lot of faith in the royal commission,' Bill Mott said. (ABC News: Daniel Ziffer)

If things were different, Bill Mott would not be in Melbourne, trying to speak at the royal commission. He'd be like he was four years ago: a happily married father of five children, with a $22 million estate in the Western Downs region of Queensland, about five hours inland from Brisbane.

Read more...

Farmers’ fury to be unleashed on banks as tragic tales laid bare

Published in Farmers and Bank Greed
Be the first to comment!

Winton grazier Charlie Phillott on his property Carisbrooke Station. Picture: Adam Head

Deep anger over farm evictions, unconscionable rural lending and the enormous stress placed on isolated families by heavy-handed banks is set to reignite next week when the financial services royal commission sits in Brisbane for a special hearing on farm financing.

Read more...

What happens when a town loses its last bank?

Published in Farmers and Bank Greed
Be the first to comment!

Photo: The National Australia Bank branch in Boort opened in 1880 and survived almost 140 years. (ABC News: Lauren Day)

There are arguably just two essential services in a small town — a bank and a pub. And when the former closed in the tiny Victorian town of Boort, it was the talk of the latter. "It's not helping the town's future," local Ian Allison told 7.30 over a schooner.

Read more...

Farm debt: Banking royal commission tipped to move on agribusiness mediation

Published in Farmers and Bank Greed
1 comment

A nationwide approach to farm debt mediation would be welcomed by stakeholders. Bloomberg

The banking royal commission is being urged put an end to the patchwork of state-based mediation schemes for agribusiness customers and establish a single national body for working through disputes with banks.

Read more...

Bank victims line up to be heard by royal commission

Published in Farmers and Bank Greed
Be the first to comment!

Bernard Kelly: "I'd planned to do myself in. It had gotten to that point. Now I am glad I didn't. And I assume my kids are glad I didn't." Jesse Marlow

Timbercorp victims say they're still living with depression, anxiety and financial hardship almost a decade after the managed investment scheme went bust and they want the banking royal commission to hear their stories to help bring closure to their ordeal.

Read more...

Banks are driving some farmers to consider suicide, Senate report claims

Published in Farmers and Bank Greed
1 comment

Nationals senators John Williams (right) and Barry O'Sullivan are prominent critics of banks' treatment of farmers.

Senators have released a damning report on banks’ treatment of rural businesses, alleging their uncompromising approach to lending is driving some farmers to consider suicide.

Read more...

New Senate report backs national farm debt mediation scheme

Published in Farmers and Bank Greed
Be the first to comment!

One Nation Leader Pauline Hanson

A SENATE inquiry into primary production financial lending has made 27 recommendations aimed at enhancing farmers’ powers and rights in sensitive areas like debt mediation and farm foreclosures.

Read more...

Culleton Claims High Court Victory After Long Standing Election Dispute

Published in Farmers and Bank Greed
Be the first to comment!

Culleton Claims High Court Victory After Long Standing Election Dispute

Today Justice Gordon brought down two decisions by the High Court that have ended the political attacks on me by Bruce Bell, describing them as “frivolous and vexatious.” The Justice also ordered costs in favour of myself and I believe Mr Bell will have to front up in excess of $40,000.

Read more...

More...

Subscribe to this RSS feed


	MALCOLM TURNBULL NEEDS TO WAKE UP	Play
	Farmers take on the ANZ bank for a...	Play
	MP Bob Katter calls on Government to...	Play
	Get Back to Me	Play
	All we know 2014	Play