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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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Subscribe to this list via RSS Blog posts tagged in Australian Recession
The three forces pushing Australia towards recession  Callum Pickering   23 July 2014  http://www.businessspectator.com.au/article/2014/7/23/australian-news/three-forces-pushing-australia-towards-recession     Rampant speculation in the Australian and Chinese property sectors leaves our banking and mining sectors vulnerable to collapse within the next three years.   Toxic lending and short-sighted policy have left us poorly placed to handle an economic shock, particularly if it originates in China. These are the startling views featured in a recent book by former strategy consultant, Lindsay David, in Australia: Boom to Bust.   I sat down with David to discuss his book and the broader implications of Australia’s rapidly rising indebtedness, and China’s obsession with property investment. According to David, the Australian economy is set up around three central pillars: banking, real estate and mining.   During the good times -- and with the support of China -- this set-up has proved conducive to strong economic growth, with Australia experiencing a post-war boom that...
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  • Louie2U
    Louie2U says #
    They are also among the most leveraged financial institutions in the world. That statement alone at the beginning of the 7th para
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Australia towards recession   Callam Pickering 23 Jul, 2014 http://www.businessspectator.com.au/article/2014/7/23/australian-news/three-forces-pushing-australia-towards-recession Rampant speculation in the Australian and Chinese property sectors leaves our banking and mining sectors vulnerable to collapse within the next three years. Toxic lending and short-sighted policy have left us poorly placed to handle an economic shock, particularly if it originates in China. These are the startling views featured in a recent book by former strategy consultant, Lindsay David, in Australia: Boom to Bust. I sat down with David to discuss his book and the broader implications of Australia’s rapidly rising indebtedness, and China’s obsession with property investment. According to David, the Australian economy is set up around three central pillars: banking, real estate and mining. During the good times -- and with the support of China -- this set-up has proved conducive to strong economic growth, with Australia experiencing a post-war boom that is unprecedented among developed economies. For...
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