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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 Bubble Economics
http://www.smh.com.au/business/the-economy/australias-housing-bubble-is-real-and-banks-are-to-blame-says-author-20140828-109ahx.html Australia's housing bubble is real and banks are to blame, says author The Economy Date August 28, 2014 Jonathan Shapiro   Lindsay David may sound crazy ­comparing Australia's banks to Lehman Brothers and Bernie Madoff.  But in his mind, it's everyone else who is living in a "Disneyland" delusion by failing to spot a bank-led property bubble that shows no sign of deflating.  It's "the sheer size of the loans relative to the incomes here" that troubles Mr David."No one in the Western world has ever done what we are doing." Mr David, who used the case studies and research projects from his time at the IMD business school in Switzerland to form the basis of a book, Australia: Boom to Bust, warns that the three shaky pillars of real estate, resources and the banks will eventually collapse. He says that as Chinese authorities appreciate, China's built more houses and...
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Future homelessness will rival the great depression unless we collectively call for ROYAL COMMISSION NOW. You can now start to see futuristic stats emerging.............................. Casualty LIST of those affected by LACK OF CLEAN UP and lack of response from the Australian Federal Government:   Mortgage holders who were given buffer monies to mask UNAFFORDABILITY of sub prime Property owners as market bubble bursts Sellers of products as downturn bites Shareholders who trust the banking system Depositors who trust the Banks Small businesses who rely on small truthful loans Governments who ignore the elephant in the room High wealth aussies re bail out bank strategies And all the flow on effects: jobs, health, divorces, suicides and homelessness costing centrelink....massive! AND, THE WINNERS ARE....CEO'S of Major Lenders paid up to $100 million for five years carnage......................all criminal of course.  Where is the JUSTICE? CLEAN UP TIME and recognition that SELF REGULATION only works...
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  • MickyD1112
    MickyD1112 says #
    Bring on the commission
  • Aries
    Aries says #
    Yes indeed. Loans approved with none or very little deposits these homes are ranging from $700,000 up in Sydney. I heard Alan Jone
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No-one should be trusting banks or their lawyers these days.  TRUST is gone and so is CONFIDENCE.  Here is the PM peddling along with the wonders of de-regulation, where its painfully obvious he should be talking up RE-REGULATION. It will come to RE-REGULATION PM Abbott.  Trust me - better than trusting the banks.  You cannot trust men (and lady) with money to make best decisions for the people of this nation.  Remember the Great Depression?  So many homeless, no jobs. Forget War Talk - we need you as PM to concentrate on back home here!!!!   WHITE COLLAR CRIME IS A KILLER......stress and depression is a killer. You need to have a bo-peep into what the banks are doing.  Joe Hockey hasn't a clue.  $1.6 Trillion in mortgages (43% toxic) and you cannot trust APRA figures because as APRA bods told me: "we get our figures and stats from the Banks."...
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The housing bubble and the pin factor DateJune 30, 2014 Read later Crispin Hull View more articles from Crispin Hull     inShare submit to reddit Email article Print   Housing bubble?: Egan and Soos argue that the bubble will boost soon, sudden and large, and point to the historical experiences. Some economists and analysts have been saying for a decade or more that we are going to have a major slump in housing prices, and they have, according to real estate commentators and others, been proved wrong. But maybe the doomsayers have not been “proved wrong”. Rather, the predictions were a bit premature and/or we have already had a bit of a correction in 2008-09 with the global financial crisis, postponing the inevitable bursting of the housing bubble for a while longer. Of course, before a bubble can burst, you must first of all have a bubble. A book just out...
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You also need to read Bubble Economics 2014: Philip Soos and Paul D Egan  and Pages 621 - 660 Bubble Economics: Australian Land Speculation 1830 – 2013, has been published through the World Economics Association website, at http://www.worldeconomicsassociation.org/books http://www.whocrashedtheeconomy.com.au/blog/2014/04/rp-data-shows-australian-housing-bubble-out-of-control-rba-house-prices-can-fall-and-have-fallen/ RP Data shows Australian housing bubble out of control – RBA warns house prices ‘can fall and have fallen’ Written by admin on April 1, 2014 – 8:06 pm As widely feared, Chinese appetite for Sydney and Melbourne real estate has caused house prices to surge in Australia at the fastest pace since records started 18 years ago. According to data released today from RP Data, Sydney house prices have increased at an unsustainable 15.6 per cent year on year, followed by Melbourne at 11.6 per cent. Both Sydney and Melbourne left the rest of the country for dead and together, helped push up the combined capitals by 10.6 per cent. On...
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Bubble Economics: Australian Land Speculation 1830 – 2013, has been published through the World Economics Association website, at http://www.worldeconomicsassociation.org/books Just click on the link.............. You need to read this AMAZING REPORT by Philip Soos & Paul Egan and in particular: The chapter on fraud “3.6 The Emergence of Fraudulent Mortgage Lending” can be found on page 621 - 660 If you are a victim of Mortgage Fraud by Bankers, professional academics are writing books on Australian Mortgage Fraud - the one that ASIC has been in denial over for fifteen years!   Remember the porkie pie that ASIC told the Australian Parliament  8 August 2012 and again in Feb 19, 2014:  "No systemic issues in Mortgage Fraud", weeks after receiving the EDR reports to say complaints against the Four Major Banks had increased dramatically the previous five years!   Bubble Economics is a sound historical look at bubbles and land speculation over the past 180 years.  A...
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Bubble Economics: Australian Land Speculation 1830 – 2013, has been published through the World Economics Association website, at http://www.worldeconomicsassociation.org/books Just click on the link.............. You need to read this AMAZING REPORT by Philip Soos & Paul Egan and in particular: The chapter on fraud “3.6 The Emergence of Fraudulent Mortgage Lending” can be found on page 621 - 660 If you are a victim of Mortgage Fraud by Bankers, professional academics are writing books on Australian Mortgage Fraud - the one that ASIC has been in denial over for fifteen years!   Remember the porkie pie that ASIC told the Australian Parliament  8 August 2012 and again in Feb 19, 2014:  "No systemic issues in Mortgage Fraud", weeks after receiving the EDR reports to say complaints against the Four Major Banks had increased dramatically the previous five years!   Bubble Economics is a sound historical look at bubbles and land speculation...
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