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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: Australian Banks Bailed Out in October 2008

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More bank secrets!

Australian Banks Bailed Out

Back on the 19th September we noted how the Future Fund was advertising in the Australian Financial Review (AFR) for a Senior Analyst – Debt & Alternatives.

Well, it turns out the Future Fund has been getting further involved in the credit crunch/crisis/meltdown.

According to The Australian, Australian banks have been so hard up for cash that they have arranged loans with the Future Fund.

Naturally, the Future Fund claims in the article that the loans to ANZ [ASX:ANZ], National Australia Bank [ASX:NAB] and Westpac [ASX:WBC] are nothing out of the ordinary.

It claims that these loans merely form a part of its $4.2 billion fixed interest strategy.


The amount of the loan to ANZ was $500 million, or approximately 11% of the Future Fund’s fixed interest portfolio.

Add in the undisclosed loans to NAB and Westpac and we can safely assume the exposure is greater than 20%.

Can this be classed as a government bail-out? If it isn’t it’s a smart way of getting around going to the government and RBA directly.

It would be interesting to find out what interest rate the banks are paying, whether the loans are asset backed, and if so, what with?

The problem with implicit or explicit government intervention is not so much the loans that are made. Although that is still troubling.

It is also what the market can imply about other banks that are not provided with loans.

Consider the market reaction if Suncorp [ASX:SUN] or Bendigo Bank [ASX:BEN] approached the Future Fund and were rejected for a loan.

Alternatively would the government consider that eventuality as being to unacceptable and therefore pressure the Future Fund to make loans that it considered too risky?

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Guest Thursday, 13 August 2020