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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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BFCSA Blog

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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Our Members are waking up to the real issues at stake in the world of BIG BANK BULLIES:  BANKS and ASIC CRY: "Blame the Sellers!" Next they will be saying "Educate the Mice!" Online  From Wayne: It is becoming almost crystal clear what seems to be happening at ASIC & you can't help thinking now, it must be the way that it looks: TOTALLY NOT GOOD How can you blame the seller of the bread if there was a mouse baked in it?    It is clearly the Manufacturer’s responsibility not the seller!   Now all we have to do is wake up Australian Politicians as to what is going on, including Sen. Sam Dastyari.  The BFCSA submission has not been published as yet (since 8th December). Plenty of questions when they next wine and dine with Bankers. Consumers are on the alert and on the warpath. We welcome your thoughts,...
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  • Wayne
    Wayne says #
    also, exactly how does someone with even a hint of finance banning, gain employment at ANZ ? to handle millions of dollars. their
  • Wayne
    Wayne says #
    I noticed a Banker Jailed for 6 years this week, hmmmm not a broker, very Interesting, I expected to see something on main TV news
  • Wayne
    Wayne says #
    well how's the bank going to look when you didn't even use a broker & got your loan straight from the bank & they have no LAF, & d
  • organza
    organza says #
    If I were a broker I would be having a serious think about why banks use them to collect the 100 point id "with signatures" which
  • Denise
    Denise says #
    IF BROKERS WANT A BETTER DEAL AND WISH TO HELP those with loans: Here is what they can do Here is a quick way of finding out whet
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Five Bank of Cyprus Officials Prosecuted  December 18 2014   Ioanna Zikakou   http://greece.greekreporter.com/2014/12/18/five-bank-of-cyprus-officials-prosecuted/   Greek-Cypriot Attorney General Costas Clerides announced that five Bank of Cyprus officials are facing serious charges that could result to 20-year prison sentences.   The Bank of Cyprus is the bailed in lender of the country whose economy faced difficulties in 2012.   The five Bank of Cyprus officials will be the first bankers to be charged in the collapse of the country’s primary lender, which had to seize 47.5 percent of deposits over 100,000 euros in order recapitalize.   The five men who will be charged are Andreas Eliades, former Bank of Cyprus CEO, Yiannis Kypris, current CEO, Theodoros Aristodemou, former board chairman, Andreas Artemi, former board vice chairman and Yiannis Pehlivanidis, the former deputy CEO who overlooked the bank’s operations in Greece.   Furthermore, the Bank of Cyprus, as a legal entity, will also...
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  • Louie2U
    Louie2U says #
    Hmm - charge the banking entity? Now, I would really, really like to see that happen in this 'lucky' country! Then, just as the CE
  • Wayne
    Wayne says #
    It's good that someone is getting cought
  • Wayne
    Wayne says #
    Just goes to show if you actually investigate the Banker you find corruption, Australia need's to investigate their Bankers thorou
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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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Crap indeed......no matter how many qualifications. financial advisers have, it will make no difference if all they have to offer are FLAWED FINANCIAL PRODUCTS!  This macrobusiness article says it all.......Medcraft was the Father of Securitization, globally............go figure!  So You should all work out what happens from here on in, if no action taken against the Bankers. In a nutshell to explain what Murray failed to discover (what a surprise!) read below and, for full report cut and paste the link  http://www.macrobusiness.com.au/2010/12/deep-t-is-securitisation-the-spawn-of-the-devil-part-1/ ............The guys with all these new spreadsheet skills were employed by investment banks globally and told to analyse anything and everything and come up with ways to increase profits ie bonuses. This was of course delivered by gaming the system. In this case the system was.  (i) securitization, (ii) how the rating agencies gave opinions on RMBS (Residential Mortgage Backed Securities) and (iii) how investors were incentivized through government regulation globally, to rely...
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