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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: Australia readies more than $100 billion in asset sales

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By Rob Taylor and David Winning

CANBERRA, Australia — Australia is readying a plan to sell 130 billion Australian dollars ($117.49 billion) in assets ranging from health insurers to electricity poles, hoping to set an example to cash-strapped governments around the world that need new funds to boost their economies.

Treasurer Joe Hockey, who will chair a meeting of finance ministers and central bankers from the Group of 20 developed and developing nations this month, said Australia’s conservative government was finalizing a deal with state counterparts to prioritize assets and businesses that could be sold to private investors.

“We are going to free up the capacity to get on with the job of building things,” Mr. Hockey told The Wall Street Journal in an interview at his parliamentary office in Canberra. “We’re going to form a partnership with the states that is going to be rolled out over the next few months, which is hugely exciting, and involves potentially massive transactions that will get the place moving.”

Governments around the world are weighing asset sales to plug holes in their budgets as tax revenues fall...."

http://www.marketwatch.com/story/australia-readies-more-than-100-billion-in-asset-sales-2014-02-12

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  • doyla66
    doyla66 Friday, 14 February 2014

    Dont tell me they are going to listen to the public sector on how legitimate money can be made rather than the Banks and their toxic trainwrecks

    Well Joe the doer, have you blokes in Canberra finally worked out that the toxic crap that the Banking industry advised you to sell to the world is not worth a bucket load of effluent. Would it be inconceivable to think that a country such as ours could actually smelt steel, coal powered or gas powered from our own resources, then move it on a railway from Port Hedland to Cairns. The ore's be it coal or iron ore could be shipped raw from either side of the continent, or god help us we could even turn it into product to sell to the world, you know like coal into tar or iron ore smelted to steel. It would certainly be a huge step forward from the Bank backed crap of RMBS's that Mr Swan so loved. My hat is off to Mr Hockey if the real plan is to actually return this country to a productive state, for too many years we have become accustomed to pulling things from the ground and selling them without one ounce of thought to value add by mining raw selling finished. Our lack of utilising the Ord River System is a sin when it has the capacity to feed the world from what could easily become the worlds greatest food bowl. Our apathy can be traced back to Bob Hawkes comment of us becoming the smart country and he was right in saying that, as we had many great minds in this country that needed to be tapped into. The thing he did not want his statement to be construed as was sit on your bum in a haulpak sell the ore to the world and not have enough brains to use it for our own advantage. Bob wanted us to build industries to compete on a world scale and build technologically advanced products a culmination of our resources and our know how. Instead we took it as sell the ore, make mega bucks from it and produce nothing. We are now seeing the result of years of boom cycle no care was taken by anyone thinking the bubble would never burst.

    We gave money to Banks we bought property from them believing naively that they were still the same as the old days. We soon learned that was not the case, along with us trading on the world stage the outside world bought us a new cunning Bank traps from afar, the very ones we are now fighting to rid this country of. If Mr Hockey is fair dinkum and wants this country to once again be a nation of doers and makers of product his first step forward is to rid this country of the Banksters scourge. The toxic products that have bought this nation to its knees must be eradicated only when the money stolen is returned to its rightful owners can our currency again flow.

    We all long for the day when all people can share in the wealth this country offers, the stifling nature of this toxic Bank Fraud has weighed heavy on all concerned and many good businesses and good people that run them have seen the demise at the hands of Bankster greed. So Mr Hockey lets start by getting everything back on an even keel get this Bank mess cleared up then lets go and build some stuff.

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