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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 Dire Derivatives
Banks jockeying to do it all over again with carbon trading  nb: everyone wins except consumers The woman credited with inventing credit default swaps (CDOs) is a key architect of the Carbon Emission Scheme, the future of which  is being debated by world leaders in Copenhagen. Blythe Masters, the JP Morgan employee who invented credit default swaps, is now heading JPM’s carbon trading efforts. Masters, 40, oversees the New York bank’s environmental businesses as the firm’s global head of commodities. Masters was part of JP Morgan’s team developing ideas for transferring risk to third parties and went on to manage credit risk for JP Morgan’s investment bank. Among the credit derivatives that grew from the bank’s early efforts was the CDO. As news circulates on the internet allegations that giant banks will make a killing on carbon trading, there are fears the scheme presents a high probability for fraud and insider...
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Derivative reforms could cost Aust banks millions Source: Business Spectator  Australia's big banks are challenging planned global financial regulation that would hit their heavily-used currency swaps, potentially increasing funding costs by hundreds of millions of dollars, The Australian Financial Review reports. Under the proposed derivative regulations, Australian banks would pay a margin of 6 per cent on about $350 billion of cross currency swaps, which are used heavily by banks that rely on international funding markets in order to hedge foreign exchange and interest rate risk. The Australian Financial Review says ANZ Banking Group, Commonwealth Bank of Australia, Macquarie Bank, National Australia Bank and Westpac Banking Corp had penned a joint letter to the International Organisation of Securities Commissions, warning the Australian banking system would be “severely impacted” by the requirement to post initial margin on cross currency swaps. Local bankers hope ASIC chairman Greg Medcraft, who also currently chairs the...
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  • doyla66
    doyla66 says #
    Follow the money. Who is on the gravy train? Who is getting consultancy positions at banks after political life? Bob Carr went to
  • doyla66
    doyla66 says #
    Why are these people so untouchable? What are these politicians afraid of? Surely this is an election issue. Lets have Medcraft an
  • doyla66
    doyla66 says #
    After reading this no wonder we are up against a fair go with Medcraft, he couldn't answer any question. Don't worry about him he'
  • doyla66
    doyla66 says #
    So this is to help the Banks to maintain or improve their profit margins? How does Greg Medcraft's intercession assist ordinary Au
  • doyla66
    doyla66 says #
    Medcraft-Interview: KOHLER:"So you're not a poacher turned game-keeper then?..there was mortgage fraud, signing, filling out the m
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