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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 <http://media.crikey.com.au/wp-content/uploads/2012/09/sp.gif>   TOP STORIES on CRIKEY Meet the men cashing in on Australia's aged care crisis: Paddy Manning  PADDY MANNING <http://www.crikey.com.au/author/pmanning/>   AGED CARE <http://www.crikey.com.au/topic/aged-care/> , CHILDCARE <http://www.crikey.com.au/topic/childcare/> , JAPARA HEALTHCARE <http://www.crikey.com.au/topic/japara-healthcare/>     Take two vulnerable groups of people: toddlers and the aged. Throw in large amounts of government funding, a handful of extreme capitalists with pre-GFC form, and sharemarket investors looking for constant profit growth. Stir. It's a recipe for disaster. Two recent raisings -- the $450 million float of nursing home operator Japara and a $100 million capital raising by the G8 childcare group, still underway -- are another sign we have failed to learn the lessons of the financial crisis, and that irrational exuberance may be returning to the sharemarket. Soft business coverage is one dead giveaway. Japara Healthcare, the first pure aged care company on the ASX, which made a stunning debut last Thursday, got a dream...
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