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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 Banking Doom Loop
http://www.businessinsider.com.au/the-doom-loop-tying-european-banks-to-governments-has-been-reinforced-2013-12   The net exposure of banks to sovereign debt fell 9 per cent in 2011 but then rose 9.3 per cent in the 18 months to June this year, data released by the EBA showed. The data confirms what many already suspected – that banks, particularly in Italy and Spain, have been plowing cheap funds from the European Central Bank into buying more of their own countries’ bonds, a lucrative carry trade that has also helped ensure governments can fund their deficits at sustainable rates. Regulators partly blame a move by banks to rein in cross-border activity and build up new liquidity buffers made up predominantly of government debt as a way of reducing risk. But the EBA’s data – which updated core capital and holdings of sovereign debt and loans at 64 leading European banks – is likely to reinforce fears that the fortunes of the banks and the...
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  • doyla66
    doyla66 says #
    Sounds to me like anybody now property is an even bigger risk taker than before for a property purchaser (and regardless of who) j
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Financial inquiry: currencies and cover ups? Beware the doom loop The FSI draft terms of reference also covers up the dangerous exposure of Australian Banks to what a director of the Bank of England described as a “Doom Loop”. This is created by interbank loans becoming so tight and complex that if one bank fails they could all fail.  Regulators allowed our banks to be exposed to this foreign exchange risk that I identified in my Australian Financial Review article on 3 April, 2008.  The failure of regulators to act required the government six months later to guarantee the foreign borrowings of our banks. This danger still exists but is covered up by the draft FSI terms of reference   Why official money created out of nothing should earn interest is a mystery. It is a mystery why the government has not asked the FSI to investigate this.  Expert economic advisers to...
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