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BFCSA
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MORTGAGE
DISTRESS SOS
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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.
"Confidentiality is assured."
Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.
Click on the Cluster Map.
Dear Mortgage Brokers
You will all become the prize bunnies under the new NCCP laws. Why? Banks made onus on you to verify documentation, even though you do not have the resources, the training or qualification and are not licensed to do this task.
Even though same laws apply to Banks (and have for years), ASIC is taking NO ACTION AGAINST LENDERS. Instead ASIC will ignore the piece of legislation that says the Banker is responsible for verification of loan documents and instead ASIC will ping a few Brokers.
THIS IS A CRIME SCENE INVENTED BY THE BANKS.............................and in crime - there is always a scapegoat.
Look in the Mirror..........................say three times; "The Banks are setting me UP. Approval of loans is the duty owed by the Bank to its customers under s27.1 of the Bankers Code....Banks owe that duty, not me, but I am being made the SCAPEGOAT."
Then write to ASIC and tell them: "I do not approve loans."
OK So I guess its up to BFCSA to produce A WARNING TO BROKERS, to HELP them. The MFAA are not going to do anything about this deliberate bank set up. Many of MFAA Members are the very lenders we complain to COSL about for approval of imprudent lending.
The FRAUD Is carried out the by the CREDIT ASSESSORS who tweak the SERVICE CALCULATORS. Its not a TECH GAP - ITS A BANKSTER SET UP!!!!!!! We know whats going on.................................This email address is being protected from spambots. You need JavaScript enabled to view it.
As predicted it's now the turn of the brokers to realise they were all set up like a row of sitting ducks. Not liking having all that poisonous venom hissed at them in the continuing drama of castles in the air any more than we like now being accused of being liars by bankster lawyers!
Well well well Brokers are you starting to see how the sting plays out, the Banksters and the Regulators ASIC and FOS are all pointing their very crooked fingers right at YOU. Just like a wartime UNCLE SAM poster (fitting seeing as though those crooked YANKS set this up as well) the BIG finger is pointed right at ya, you all remember how it went UNCLE SAM NEEDS YOU, except this one says BROKER, YOUR BANK NEEDS YOU to take the blame.
Of course you have one thing in your kit bag that can save you miserable existence now that the Bank handouts, oversees incentives, massive bonuses and huge trailing commissions, free lunches and glamorous sell sell sell functions have all dried up. Yes something you may all have trouble getting your heads around, just one word "TRUTH" try using it, it may just save your what will very soon be similar to us victims (your original prey) futures from being terminal.
From all the bad you produced as Brokers peddling toxic BANKSTER generated products you have now got the opportunity to right your wrongs, lay the facts on the table save yourself and your victims anymore grief and point the BIG finger squarely back at the perpetrators. The Banks need to be exposed and you Brokers need to be brave enough to do it if you don't the Banksters will not protect you they will simply savage you and turn you into victims and stack your bodies along side the customers they have already destroyed. Sorry to put it so bluntly Brokers but this is a WAR, Banksters DO NOT TAKE PRISONERS THEY JUST LEAVE CORPSES. Brokers your future is limited as your use by date is now up the BANKS will simply move you aside and invent a new form of marketing or employ their own "Sales Representatives" to go out into the market place rendering YOU redundant. The strategy changes all the time for Banks and you were just a tool for that element, now that it is being exposed all be it slowly they will create a new way and YOU BROKER are not included. The only thing the Banksters have in stored for you guys now is for you to take the rap. Stand up state your case or become a victim.
I cannot understand how you Brokers have not seen this coming. How trusting you were, foolishly so. What makes you all tick. You have to know that if it seems too good to be true it will be. You know the old money making scams. Well you guys and gals are up to your neck now. You must be feeling pretty stupid really. A magnificent con which you all fell for. The courts love to lay blame on you all. Just ask anyone who has gone through the Supreme court system with their lenders. I feel sorry for you all to be left in this position by the bankers which promised you so much.