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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 and The DOOM LOOP. Bring on the Royal Commission into our Banks and Banksters

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http://www.businessinsider.com.au/the-doom-loop-tying-european-banks-to-governments-has-been-reinforced-2013-12

 

The net exposure of banks to sovereign debt fell 9 per cent in 2011 but then rose 9.3 per cent in the 18 months to June this year, data released by the EBA showed.

The data confirms what many already suspected – that banks, particularly in Italy and Spain, have been plowing cheap funds from the European Central Bank into buying more of their own countries’ bonds, a lucrative carry trade that has also helped ensure governments can fund their deficits at sustainable rates.

Regulators partly blame a move by banks to rein in cross-border activity and build up new liquidity buffers made up predominantly of government debt as a way of reducing risk.

But the EBA’s data – which updated core capital and holdings of sovereign debt and loans at 64 leading European banks – is likely to reinforce fears that the fortunes of the banks and the states in which they are based are still too closely intertwined.

It will also fuel a debate over whether all government debt should be treated as equally risk-free when it comes to calculating bank capital requirements.

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  • doyla66
    doyla66 Wednesday, 22 January 2014

    Suspicious Mind or just information overload?

    Sounds to me like anybody now property is an even bigger risk taker than before for a property purchaser (and regardless of who) just might be buying from somebody who is selling what they might not own in blissful ignorance. I know all title information is kept in Title Offices BUT they are no longer the top of the pyramid are they - a la MERS in the US and LIXI here! All that securitising which has been going on with mortgages is still going on with a few rule changes and that now is making me smell an even bigger rat! One can bet if half the homes in the US have been affected and all stored in Title Offices is one huge mess and all thanks to securitisation which foolish Governments allowed to happen from clever bank lobbying with sinister intent in mind we are now right back where we were a century ago. They even made certain people were kept well dumbed down and kept in ignorant bliss of home truths with media spin knowing who own and control the media yet now all is slowly being revealed and there is a very active competitor! Makes buying into property an even greater risk now than it was is the way I am now thinking but I could be wrong! Wonder if something to do with new housing estates being bulldozed in California and elsewhere in the world I have reading about i.e. too risky to try and sell now the big secret is getting out and wildy spreading world-wide meaning better bulldoze and wipe the slate clean and write down losses! 3 million empty homes in Spain alone I read the other day and look how many empty apartment blocks are all over China in ghost towns? Bet the really smart people are now buying up property and other tangible assets with clever money instead of funny money and world-wide and not just smart people into it either! Oh dear looks to me like Governments and regulators have a lot more to worry about than I ever suspected and it’s 6 degrees of separation all over again if one does a bit of delving into the bowels of history …….…… 1. Thomas Edison 2. Henry Ford 3. Irving Fisher 4. John Maynard-Keynes 5. Milton Freidman AND 6. BINGO!

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