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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: Icelanders agree to MORTGAGE DEBT CANCELLATION. Australia should follow their lead.

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http://www.skynews.com.au/business/business/property/2014/05/20/iceland-households-get-debt-leg-up.html

 

Iceland households get debt leg-up

Published: 5:03 am, Tuesday, 20 May 2014

 

Iceland says it's successfully launched a debt cancellation project for mortgage holders which should benefit around half of the country's households.The amount cancelled from each debt could be as much as 26,000 euros ($A39,000).On Sunday, the island nation's tax authorities inaugurated the site 'leidretting.is', where Icelanders can file their application.   In the first two hours, 5000 people registered on the site, according to a technical manager cited by Icelandic daily Frettabladid.The Icelandic parliament passed a bill on Friday allowing borrowers to request a debt cancellation, entirely financed by the state.....

 - See more at: http://www.skynews.com.au/business/business/property/2014/05/20/iceland-households-get-debt-leg-up.html#sthash.CDVX0dcN.dpuf

 

http://guardianlv.com/2013/12/icelanders-overthrow-government-and-rewrite-constitution-after-banking-fraud-no-word-from-us-media/

 

Icelanders Overthrow Government and Rewrite Constitution After Banking Fraud-No Word From US Media

Added by Rebecca Savastio on December 2, 2013.

Can you imagine participating in a protest outside the White House and forcing the entire U.S. government to resign? Can you imagine a group of randomly chosen private citizens rewriting the U.S. constitution to include measures banning corporate fraud? It seems incomprehensible in the U.S., but Icelanders did just that. Icelanders forced their entire government to resign after a banking fraud scandal, overthrowing the ruling party and creating a citizen’s group tasked with writing a new constitution that offered a solution to prevent corporate greed from destroying the country.

The constitution of Iceland was scrapped and is being rewritten by private citizens; using a crowd-sourcing technique via social media channels such as Facebook and Twitter. These events have been going on since 2008, yet there’s been no word from the U.S. mainstream media about any of them. In fact, all of the events that unfolded were recorded by international journalists, overseas news bureaus, citizen journalists and bloggers. This has created current accusations of an intentional cover up of the story by mainstream U.S. news sources.

An “iReport” on CNN, written by a private citizen in May 2012, has questioned the reasons why this revolution has not been widely covered in the U.S., suggesting that perhaps the mainstream media is controlled by large corporate interests and thus has been unwilling to report on Iceland’s activities. That report is currently making its way around social media. CNN today placed a statement on its website saying: “We’ve noticed this iReport is being shared widely on Facebook and Twitter. Please note that this article was posted in May 2012. CNN has not yet verified the claims and we’re working to track down the original writer.” It is interesting to note that CNN’s European version, CNN Europe, already covered the story of the protests and the government’s resignation, leading many to question why CNN would now need to “look into” the claims.  Besides CNN Europe’s own coverage of the scandal, the events in Iceland were widely covered by international media and are easily verified by a simple search on Google which leads to a variety of reputable international news sources that ran numerous stories on the Icelandic revolution. A whole documentary has been made on the governmental overthrow called Pots, Pans and Other Solutions,................. http://www.youtube.com/watch?v=JGwMIlpgR2A

 

 

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