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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: Bankster Jokes on Fudging housing figures or lose job. What a LAF!

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Broker Online 23/11/12 RN

Insider had to have a chuckle while recently listening to Westpac chief economist Bill Evans outline his opinion on why there is unlikely to be a house price crash in Australia.

Evans - and many other high level executives –regularly have to defend their position and the Aussie housing market at gatherings of international bankers and economists overseas.

After all, on paper, Australian housing looks overvalued, and such international pundits may feel they’ve gained some wisdom having missed their own housing crash the first time.

But Evans – who is in the business of scrutinising the fundamentals of the housing market on a daily basis – can rattle off an impressive blow-by-blow defence of housing values.

And so he did. The usual points came up – population growth, demand vs supply – and Insider, along with the Australian industry audience, were a friendly audience.

However, Evans has the sense of humour to drop a final joke at his own expense. He noted that he was lucky to actually believe in the case for Australian housing’s resilience – after all, he admitted that should he think otherwise while working at a bank with much of its assets tied up in the housing market, it may be quite a career-limiting move.

Insider hopes for his sake that Evans continues to find a rosy picture for Australian housing.

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  • doyla66
    doyla66 Friday, 23 November 2012

    I hope Bill Evans doesn't have to eat his words.

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Guest Friday, 28 February 2020