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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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Updated: Our story has been picked up by International alternate media

Posted by on in Fraudulent Loan Apps
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I was excited to see this morning the following link on  the Max  Keiser Report. As a part of our media release I sent a copy to them and others. They have been following it. They have linked back to the 7.30 report.

 http://maxkeiser.com/2012/08/18/australias-sub-prime-scandal-finally-breaks-wide-open

And these sites tonight:

http://www.davidicke.com/headlines/71143-australias-sub-prime-scandal-finally-breaks-wide-open

http://www.hangthebankers.com/australias-sub-prime-scandal-finally-breaks-wide-open/

Note to banksters: nowhere to hide now. Think that Australia wasn't going to become wise to your scam? Now the world is watching you. Come clean now and stand up as a true example how honest banking should be done and make amends for being lackeys for your banking shareholders. As a previous slogan ran: C'mon mate, do the right thing!

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  • doyla66
    doyla66 Sunday, 19 August 2012

    Thankyou Bepa! Good work :))

    If we can get the message out around the world then maybe our elected leaders and eventually our banks will feel the change when they try to deal with overseas governments and markets. It looks like Australia has been telling fibs about how well regulated we were. It's just mythology - repeated enough everyone believed it. The truth is coming out :) People do care about us.

    My person view is that our elected leaders need to focus less on overseas events and opportunities to create internationally based career paths for themselves and focus more on domestic issues and the needs of those who put them in that position and pay their salaries. I, for one, would like to see the full attention of the whole parliament on gaining accurate information about the sub-prime mortgage disgrace so we can get results sooner rather than later as compensation for the loss of our homes, our hopes and our dreams. Being caught in a scam loan and dealing with "the system" can leave the vulnerable with deep distrust. Money won't necessarily fix that. Storm, Trio, Opes Prime, Astarra, etc and now sub-prime mortgages.
    ASIC owes Australians big time for creating an unsafe domestic market.

  • Denise
    Denise Sunday, 19 August 2012

    Excellent work Bepa. Our banking and finance system is fractured. We not require a "band-aid" approach but some tough decisions to hold ROYAL COMMISSION and attempt to dig for the truth. Only when that happens can we possibly look at repairing the damage caused by greedy banksters.
    [email protected]

  • doyla66
    doyla66 Sunday, 19 August 2012

    Update

    Hi Bepa, Thanks for the update :) That's very exciting. On Twitter your story has been retweeted multiple times by new and old followers and brought in a lot more people to find out what's going on. Well done! I'm hoping that you just added the extra information to the existing post that you put up this morning ... otherwise they would come to the site and not be able to find the link. It has been going around all day plus other links that went up from the BFCSA blogs. Lisa.

  • doyla66
    doyla66 Sunday, 19 August 2012

    Yes I have just updated the original blog, rather than reblog. Hope that was the right to do!:D

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