NAB - Not Off The Hook In Criminal Banking Debacle

Farmer Malcolm Taylor Takes on NAB In David Vs Goliath Battle

Summary: 

NAB was facing a massive loss on a company it had funded. The company was trading insolvent and was soon to default and likely go bankrupt. So how did NAB manage its exposure and risk? Well it did what any crime syndicate would do. It found a victim with assets - a farmer - Malcolm Taylor - and then by using fraud and deception got Malcolm to borrow against his farms to purchase the doomed company. A shocking case illustrating how NAB operates.

Article Information
Banking Company: 
NAB
Bank Malpractice Type: 
Predatory Lending
Corruption
Powermongering & Greed
Unconscionable Conduct
Author: 
Dr Peter Brandson
Date First Published: 
17 Oct 2014
Posted By
Peter Brandson
Peter Brandson's picture

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