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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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Is it time for our government to eat humble pie?

Posted by on in Political Blindness
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Things are not looking good for the government.

Australia is getting further into debt.

They have caught the debt disease too.

Debt is not the solution - debt is the problem.

When are they going to eat humble pie?

Rather than become further indebted to foreign interests, would it not be better ....

To ask the Australian Banks for their $55 billion bailout back?

To ask the IMF for the $7 billion Aussie donation to the European banks?

To look at the money Australian and overseas banks are syphoning out of all Australians?

To seriously look at how the Australian banks are rorting the taxation system?

To attend to the serious level of inefficiency and waste in all the regulators, especially ASIC?

.... just for starters!

Decisive action is needed yesterday.

White collar and banking crime is costing Australians everywhere.

Softly, softly with financial criminals has not worked and will only serve to multiply the problem.

How bad does it have to get before our government will attend to business in a real and decisive manner?

We know.

They know.

How about it?

 

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  • doyla66
    doyla66 Friday, 21 September 2012

    "How bad does it have to get before our government will attend to business in a real and decisive manner?" Well written Lisa. i agree totally

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Guest Friday, 07 August 2020