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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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The post-GFC banking sector View the report .......Hot off the Presses.......

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.......Hot off the Presses.......

The post-GFC banking sector

28 November 2012

© Commonwealth of Australia 2012
ISBN 978-1-74229-734-7

View the report as a single document - (PDF 3158KB)

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  • doyla66
    doyla66 Wednesday, 28 November 2012

    Thanks yoda. at the end of the report I note that Sen. Williams states 1.31 If elected to government, the Coalition will undertake a full root and branch inquiry of our financial system.... Bring on the election

  • doyla66
    doyla66 Thursday, 29 November 2012

    Allowable Fraud

    Just seems that under the current leadership that anything that contains the word FRAUD they would prefer not to investigate. That apparently applies if it be a back room brown paper bag for renovations or a BIG FAT TRAILING COMMISSION to a DIRTY BROKER from a FILTHY BANKSTER. If it contains the word FRAUD stear clear and just ignore it, if left long enough it will just go away. If the LIBERAL/COALITION are prepared to investigate thoroughly with a full inquiry into the financial sector then they maybe need to make that a major part of their push for election. It should be out in the open that as part of their Party Policy they WILL make the Finance/Banking Sector accountable and answerable to a full and open forum.

  • doyla66
    doyla66 Thursday, 29 November 2012

    With an election looming, none of them want to get their 'election funding dondors' offside. :p to that - can see straight through it!
    So much for knowing the difference between right & wrong or standing up for a principle. Total lack of will as can be expected. Now, they want to use this report as a weapon to blackmail our cause (as well as those that are highly similar) into voting for them. As if!

  • doyla66
    doyla66 Sunday, 02 December 2012

    One potential problem - Aussies are 90% cynical about pollies and funding - it takes a lot of promo to get them to understand and believe a political party isn't funded by secret bank deals and business members, and that this does make a real difference. Even if a party starts out OK they all get "corrupted" in order to survive, seems to be the thinking out there. For historical perspective look at Aus Dem Meg Lees Howard Govt and GST deal. Very sad. More recently Independent candidates in hung parliament.

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