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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: Liberal and Labor own the Australian Mortgage & Banking Scandal as it crossed the political divide.

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Political Parties will find no currency in either trying to avoid the Mortgage Elephant in the room or continue to bury the bodies.  The Low Doc Loan Scandal which eeked into the Full Doc Loans with identical toxicity, could envelope every Australian in some form.  

The amount of toxicity in these 30 year loans, set to implode within 4 - 6 years, is an unknown quantity.  Yet every loan we have viewed has fraud and/or forgery starring us in the face: "not one clean loan."   Collectively, members have been able to piece together the mechanics of this dreadful situation.  Both major political parties have been hiding our sub prime problem for far too long and knowingly offering no protection to consumers.  That abysmal strategy to protect the banks at the expense of ordinary Mums and Dads will costs this nation dearly on many levels.

The evidence is clear: ASIC warned Treasury with a NSW CCLS Report commissioned by ASIC in 2003.  Some Politicians from that era have long gone, yet others will remember and became part of the problem of cover up rather than a part of the solution.  It is not my intention to name anyone.  What purpose would that serve in a  blame game.  ASIC decided long ago, taking on the Banks would be a losing career changing battle and their jobs were more important than saving consumers.

Everyone knew the elephant was in the room but no-one had the courage to tell consumers: DO NOT TRUST OUR BANKS FOR ONE SECOND!

Instead the political response was to head towards the next election and say nothing.  Well, that was predictable.  But what to do now?  The problem is, that by ignoring the earlier warning signs in 1996, we allowed the toxic mortgages to be sold and resold and sold again.  The DEBT BUBBLE infected the PROPERTY BUBBLE and to some extent the Share Market.................well you know the rest.  Last year on 8th August 2012, I warned Federal Parliament: "The Government cannot, ought not to profit from a  fraud."  Government responded and shortly after sold off the remaining Residential Mortgage Backed Securities ("RMBS") packages they had purchased with tax payer's money.  The Treasurer's response being "it was one of the most profitable policies we had....."   Hmmmmm, I am sure it was and that's the problem.  To cover up on a FRAUD perpetrated on ordinary citizens, Mums and Dads, the backbone of this one thing.  To PROFIT FROM THAT FRAUD is disgraceful.

Did the Office of Prime Minister know at that time?  We will never be told the truth.  Its hard to believe, but perhaps the Banks captured ASIC for the past 14 years and although briefing Treasury every month, they omitted the best bits: "we are allowing overpaid Bankers to continue creating massive sub prime lending bubble."  Our Banks boasted to the world: "we are the most profitable in the world."  American fund managers rang me: "You guys were doing the same things as us.........we just could not figure it out......I travelled to Australia three times to unravel what you were doing....."

For the first time in OUR HISTORY, the Federal Corporate Cop ASIC, will be placed under the Senators' microscope.  This will lead the country to a ROYAL COMMISSION into our disgraceful Banking System which is close to 50% owned by the Americans.

Our Children need to be armed to protect themselves from the scourge of the banking sector.  Finance and Politics is taught in Universities, yet the most important educational skills we could arm our children with is the value of money and how it relates to political life.

Politics is not a dirty word.  Its how we conduct ourselves in the marketplace.  Politics affects everything we do, yet only 5% of the privileged set are taught even the basic rudiments of Politics as a subject.  Politics and Finance are intertwined and we could easily become a third world country if 95% of our people are not taught these basic of skills in protecting their own financial future and well being.  

Learning how to manage money should be top of the curriculum.  Its no use someone winning a lottery and then having to be taught, that which ought to have been taught in Primary and High Schools.  The biggest thing:  to be taught NEVER EVER TRUST BANKERS AND MONEY LENDERS. Jesus understood that one very well 2000 years ago.

The history of banking and finance is equally important in the formative years.  

ASIC handing out so called"educate consumer" brochures is unintelligent and stupid.  That's like asking Al Capone and Charles Ponzi fans to "spread the word, but give them no secrets!"

Now whomsoever is in Federal Government the next ten years will be in for a bumpy ride!!!  Because no-one bothered to dig deep into the looming sub prime BANKING SCANDAL that enveloped every democratic country.  If they were briefed in 1996, no-one will be willing to admit what they knew and when.  One thing is certain.......over 100,000 families have been infected and all of those people losing their homes.....will augment badly on every citizen and its leaders.

I am sure we are all in for a lesson on "how not to handle a crisis!"  We have been in practice for 17 years.   This email address is being protected from spambots. You need JavaScript enabled to view it.




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  • doyla66
    doyla66 Sunday, 24 November 2013

    Caveat Emptor bites the dust - ASIC take notes and weep!

    How could ordinary consumers know what they were getting into? Basically, they couldn't.
    In order to ask the right questions to find out what you need to know, you already need a basic understanding of the issue.
    You would also need to have a slight suspicion about the product.
    They you would need to be able to find the right person to ask.
    And of course you would need the education to be able to understand the answer, if you were fortunate enough to navigate all of the above successfully and get straight answers.
    But this was not possible for the vast majority of Australian Mums and Dads.
    The Khoshaba Principle reflects this fact in Law.
    Thus in the absence of education and access to the essential knowledge about your mortgage, a complex financial derivative product, you were at the mercy of those who did know: The Banks.
    The Banking and Finance Industry has gotten by on their "sins of omission" for years. So you only get part of the information anyway.
    What is even more disgraceful is that ASIC and Politicians allowed them to get away with some pretty atrocious abusive treatment of decent ordinary Australians.
    The missing information hidden, another world, behind closed doors: backroom clevah stuff which was not generally known to the public - where the unholy deal makers and traders plied their illegal and amoral trade.
    Denise Brailey and BFCSA ripped away the veil of secrecy and laid bare the long held secrets of Banking and those who wielded power over the rest of us.
    What's more this knowledge has been made available to the public, right around the world.
    We strongly recommend that you use the search engine on this site and discover the truth about YOUR mortgage and Lender.
    For insiders edge on the rest of the story, as we crack the Codes together, and how to get your mortgage issues sorted out, join the BFCSA now.
    We're winning :)

  • doyla66
    doyla66 Wednesday, 18 December 2013


    Thank god for BFCSA
    For bringing all this to my attention! Editor: Thanks Gfs, that's not what banks are saying!

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