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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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Often I get emails re American title scams.   WE call these theorists the "Magna Carta set."  OK here is what the differences are: The laws in America relating to title systems are entirely different.  In America it’s a flawed system In Australia its the Torrens Title system.  The Originals are held by the Titles Office.  The certified copies are held by the Trustees of the Banks...biggest are Perpetuals and Permanent - all making money from Low Doc scandal. In Australia you cannot securitise the Title...... so the Aussie Banks securitised the Income Stream and sold the Income Stream RMBS Packages to Australian Office of Financial Management ("AOFM") - $24 billion of toxic loans with tax payers dollars.  I complained this activity to Parliament - to the Senators in the Senate Economics Review Committee into Banking Post GFC Inquiry 8/8/12 at 2PM (in Hansard).  Its an historical reference. I warned that "The Government, cannot,  ought...
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  • brett@sctelco.net.au
    Here in lies the problem, the politicians are as always covering their own backsides whilst stuffing their pockets with cash.
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