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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: Loan Fraud: Think Australia missed the GLOBAL FINANCIAL CRISIS? Its on its way!

Posted by on in ROYAL COMMISSION URGENT
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wordpress article with interesting links
 
 
 

For all those who think Australia missed the GLOBAL FINANCIAL CRISIS, you better have a look at this report

It seems like our banks and govt departments have been selling off our mortgages through the American Stock Exchange by a money spinner of this last 10 years, called securitisation.  This is a method of on-selling YOUR MORTAGES through to these greedy US investors and hedge fund managers. The mortgages are chopped up, then mixed up, then sold as investments to innocent victims who think they are on a good thing, because they are generally backed up by an insurance group like AMERICAN INSURANCE GROUP who went broke when the US housing bubble burst.  AIG could not back up their obligations to fully refund those who had paid for the investment to be insured, in order to get its AAA rating.

The Sub-Prime Market crash was most definately orchestrated, and those who invented the system, knew how unstable it was, but this is the dirty games they play.  Scroll down to ARMS II GLOBAL FUND 1, FUND 2 and FUND 3.   This AUSTRALIAN SECURITISATION MANAGEMENT PTY LIMITED exists at 6/12 Castlereagh St, Sydney, just around the corner is the COMMONWEALTH BANK.   Both occupy the same building, just have different street access points. No prizes for thinking they are one and the same.

$3 BILLION worth of Class A mortgages can be seen to have been laundered into the US stock exchange go look for yourself in these next three weblinks I’ve brought to the top for quick reference.

http://tinyurl.com/ARMS-II-GLOBAL-FUND1-1BILLION (JUNE/2/2003)    http://www.sec.gov/Archives/edgar/data/1230284/000104746904021509/a2139169z424b4.htm
http://tinyurl.com/ARMS-II-GLOBAL-FUND2-1BILLION (OCT/27/2003)    http://www.sec.gov/Archives/edgar/data/1230284/000104746904011004/a2132992z424b4.htm
http://tinyurl.com/ARMS-II-GLOBAL-FUND3-1BILLION (JAN/23/2004)    http://www.sec.gov/Archives/edgar/data/1230284/000104746904011001/a2132993z424b4.htm

Have a read of the opening paragraphs. If that doesn’t sit you on the floor, keep reading.  I believe I’m going to get hammered, now that I’ve made this public. Thing is, I want you to pass this info on to as many people as you can. The more that see it, the better.

DO YOU ALL REALISE THAT IF YOUR BANK CANNOT PRODUCE THE NOTE, THEN YOU HAVE NO CONTRACT WITH THAT BANK….AND AS SUCH, YOU HAVE NO NEED TO REPAY YOUR MORTGAGE. THE BANKS WILL NOT BE ABLE TO PRODUCE THE NOTE, AND THE PROPERTY IS IN YOUR NAME. ONE GOOD PUSH AND WE CAN GET THIS OVER THE LINE….JUST WATCH THEM FALL LIKE DOMINOS.

There is some juicy finds on PETER COSTELLO….the ex-treasurer, who is now CEO of BKK a subsidiary of Goldman-Sachs, JB Were Pty, Ltd. He is on the board of the FUTURE FUND, a superfund he set up whilst he was treasurer, it was his baby, now he’s looking after the funds, how do you like that?. He is also engaged by the WORLD BANK

http://www.freestatevoice.com.au/finance/item/48-has-your-mortgage-been-“securitised

 

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Guest Wednesday, 12 August 2020