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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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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.

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Posted by on in Bankers A Law Unto Themselves
Often when you tell people your story and plight with the banks or to the media- they comment - but you signed the papers. My next question to them is - so you think it is okay that fraud has been committed and that the Banks are profiting from it? Are you saying that the banks are above the law and should not be accountable to the rules set by the law of this country.  No matter which way you look at it - a crime has been commited and it needs to be investigated. Isn't that why we have laws for?  Crime is crime. No sugar coating of it or exceptions. When put that way to most people - they understand better and agree - if fraud has been committed - it needs to be investigated. So if you speak to the media - make sure you ask that question. Remain focused...
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  • doyla66
    doyla66 says #
    I am interested!
  • doyla66
    doyla66 says #
    Based on what I've read about the other political options this is probably a good time to kick off a new party. Who is the brillia
  • Denise
    Denise says #
    Hands up those who wish to be part of new party? We have a brilliant leader, an exciting name. I cannot be leader as it would de
  • doyla66
    doyla66 says #
    http://www.bfcsa.com.au/index.php/entry/bfcsa-demands-to-federal-government
  • doyla66
    doyla66 says #
    We should call for a Suspension of Normal Business in the House, and possibly a joint sitting to attend to the crime and corruptio
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Posted by on in Corrupt Regulators
  By Caroline Dann | 5/09/2012 The Bank of Tokyo-Mitsubishi UFJ is in discussions with several second-tiers about funding Australian home loans.   According to the Australian Financial Review, AMP is currently in talks with the bank about its funding.     It's alleged The Bank of Tokyo-Mitsubishi UFJ will provide bank funding through a 'warehouse structure' which, according to the AFR, is "refinanced by issuing residential mortgage backed securities to institutional investors."     In theory, it could increase the lending power of second-tiers and increase competitiveness between the banks on home loan interest rates.     Japanese banks are increasingly interested in the Australian market.     In July, Sony Bank announced its intentions to launch in Australia following a 'feasibility' study....
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  • doyla66
    doyla66 says #
    If our efforts to challenge the legality and safety of RMBSs gets traction then this should stop this additional overseas effort i
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Posted by on in BANKSTERS
  http://www.macrobusiness.com.au/2012/09/westpac-offshore-borrowing-to-risky/ "This is the first time that I have seen a major bank  take responsibility for Australian bank liability management. Since the GFC it has been ceaseless excuses about prudence, great regulation and most importantly, that the banks were blameless when global markets froze and they needed government guarantees. "This is a breakthrough in the public debate about banking.... "... any new Wallis Inquiry faces a tension between the needs of funding and stability, which are not sufficiently addressed by the vested interest campaign for a return to non-bank and mutual cowboy competition."   EDITOR:   CROWDED HOUSE:   Too much Competition in a Crowded Market Place  Creates Cheating!!!...
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  • doyla66
    doyla66 says #
    Deliberate without a doubt!!!
  • doyla66
    doyla66 says #
    The competition factor combined with the personalities involved does lead to cheating. For a de-regulated industry to function as
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