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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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BFCSA: 2GB interview Denise with Ross Greenwood

Posted by on in Bankers A Law Unto Themselves
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http://www.2gb.com/article/low-doc-loans#.U-qpGLYC_Rk.email

 

 COMING UP Tomorrow:

 

THURSDAY MORNING  Thursday 14th Aug AT  7.10AM  2GB   ALAN JONES PROGRAM

I will be with Alan in interview for roughly 15 mins re Banking

 

THURSDAY NIGHT: We have brave and courageous members who will tell their story to

Martin King on  A CURRENT AFFAIR on BAD BANKS.  A personal thankyou from me.

 

Saturday Morning Radio 2 UE  Sydney and regional and Qld  “George and Paul” 16th August at 7.15am (Sydney time)

 

Monday 18th  LIVE News Nine in studio 6.30am - interview

TUESDAY AUSTRALIAN PAGE 3 ANDREW BURRELL

Also on Tuesday 12th:

2GB interview NSW Ross Greenwood (evening)

ABC RADIO WA  8.30  am   Jeff

5AA Adelaide SA   Will Goodings (noon)

2UE NSW speaking with Stewart mid morning

 

ABC QLD speaking with Terri (early morning)

 

 Most of this MEDIA ONSLAUGHT has taken 5 weeks to put together and more revelations on the way.  However the first LAF Denise presented to the Asic was in 2002.  It’s been a long journey.  Had Asic acted on the information provided, we members could all have been spared this misery.

 

 We say:   The LOW DOC PRODUCT is a faulty bank manufactured product and needs to be removed from the shelves including REVERSE MORTGAGES.  Had these financial products been washing machines, they would have been withdrawn from sale immediately, unfit for consumption.  These products were unfit for the purpose, involved third line forcing of credit cards and LOCS, amounted to breach of Trade Practice Laws in entrapment, riddled with false and misleading statements, material and misleading and deceptive conduct and the list goes on……..  We need all cases viewed by FOS or COSL to be re-opened and independently reviewed.  There must be a FREEZE on all complaints until after the findings of the ROYAL COMMISSION.  These claims are based upon “fairness,” in a  market-place that was void of fairness and honesty.  We demand a BAN ON ALL such products that involve entrapment.

 

Please get on to the talk back radio stations and help its our turn nowto tell Australia what is going on re LOW DOCS and BANKING

 

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