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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: Cyprus Bail Out plans for Australia. Is it enough to save our banks? (Reposted)

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BFCSA: Cyprus Bail Out plans for Australia. Is it enough to save our banks?

Denise Brailey
Posted by Denise Brailey on Sunday, 04 August 2013 in Consumers Fight Back

To all our readers:  Yes a little quiet right now as I am busy with submission to Parliament and other urgent matters requiring my attention.  We have several things banked up to release shortly so your patience is appreciated.  new blogs will again appear at the end of this week and my thanks to those "holding the fort," in my absence.   Meanwhile I hope you are all busy sending in your own submissions and victim impact statements to the current Parliamentary Inquiry into ASIC's Dismal Performance in the area of consumerism.    

Are these Banks using taxpayer funds to stay a float, indirectly or otherwise?  Yes the Cyprus Bail Out was a telling moment in time and we did warn you all. Our banks and non bank lenders are using toxic Full Docs and Low Docs to gain hefty profits from Sub Prime Lending.  Documents do not lie, but Institutional Gurus do.   Banks are showing record profits and yet the main source of those profits is sub prime racketeering.  We know that.   So Australian Taxpayers better pay close attention as the truth oozes out over the red carpet.  

I urge all those aggrieved by this scam to start writing to their local Federal Members of Parliaments.  These are Federally power-charged allegations of shocking banking behaviour involving an army of tens of thousands of people to sell the faulty financial products and create mass time-bombs ticking away. The Executive Suite of the Banking fraternity engineered these products but, those taught to sell the products were told: "you are helping people to get loans and these are all approved by our lawyers."  Yes indeed!  Very slick "marketing" chaps, but we are on to you.

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Last modified on Sunday, 04 August 2013     
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