GLOBAL SUB-PRIME CRISIS

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BFCSA
MORTGAGE
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What BFCSA Does...

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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The only reason ASIC can claim it clawed back $23 million is due to lobbyists like myself and others.  I spoke to Greg Tanzer, Darren McShane (dDir of Enfocrement and Errol Hoopman (ASIC Barrister) about Westpoint 15 July 2001 in Commissioner Tanzer's  Brisbane Offices.  I flew to see him on my meager budget.  ASIC has a BIG budget of $400 million plus a year and the Treasurer generously threw another $100 million at the ASIC PROBLEM end of last year.  Splashes of extra Mega Cash has not improved ASIC's performance.  They should try my budget.   BFCSA has achieved what a $1 billion regulatory system could not achieve.  All on song: AOFM, ASIC, APRA, RBA and Federal Treasury told porky pies to Parliament: "We see no systemic issues in banking."  Five wise monkeys...see our cartoon corner. We will set up an ASIC METER so you the public can vote IF you...
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  • doyla66
    doyla66 says #
    Just because others couldn't see the problems with ASIC and the other regulators and the pattern of lending, the six links in the
  • doyla66
    doyla66 says #
    Well spelled out Lisa: the word "gossip" appears to be one of spin-doc's favourit of 34~flavours to obfuscate revelations George
  • doyla66
    doyla66 says #
    Another powerful post from Denise. She sure has a library of information exposing the crimes and shameful low performance of Austr
  • doyla66
    doyla66 says #
    Cover ups, corruption, lies Lies upon lies upon lies...I remember writing to them and told to go to FOS..a bugger of letter. Now F
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