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BFCSA
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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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If the Australian government is willing to learn from the mistakes of others this interview with Nigel Farage contains some timely lessons in history and the capacity of human beings everywhere to repeat their own mistakes in the belief that this is progress. There is a better way and that way is true democracy, strong oversight on the corruption of referenda and other voting opportunities and drawing on the inherent strengths of each country independently interacting with other independent nations. Bureaucracy breeds more bureaucracy and inevitably that creates more waste, the need for more debt and serves few amongst those who actually pay for the "service" out of their own pockets. Source: http://www.youtube.com/watch?v=LmROimOLWBo&feature=related    ...
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  From "Life After Debt", chronicles the experiences of one UK borrower, Caroline.  Her story sounds so like some of our stories - the frustration, the stupidity of government policy, the suffering inflicted on borrowers, the failure of FOS, the ignorance of the law and processes, the unfairness of the entire situation over a period of 4 years. In Caroline's own words: In October 2008 life as I knew it was over-turned with the discovery that my husband had concealed his failing business from me and, much to my horror, the price we were going to pay was our home, our livelihood and our financial future. Having since discovered irresponsible lending and the economic crisis were pivotal to our financial demise, I have spent the subsequent years attempting to understand the reasons behind the current recession while pleading for personal debt forgiveness from the too big to fail bank HBOS. This...
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  • doyla66
    doyla66 says #
    Thank you Lisa. Irresponsibility in the financial/white collar brigade appears to be the norm the world over these days & it comme
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14 September 2012 Last updated at 10:21 GMTHelp Just four years after Iceland's major banks collapsed and the currency plunged in value, the nation is now being praised by the IMF. The country has seen a return to strong growth and has spared its citizens many of the austerity measures felt elsewhere in Europe. Paul Henley reports. Video: http://www.bbc.co.uk/news/business-19599449 (Note: it may take a few goes to get the video to play) ...
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  29 Jun 2012 - Good reading and video at: http://barnabyisright.com/2011/06/29/rba-says-our-banks-are-stuffed-in-other-words/#comments   Yesterday, RBA Assistant Governor Guy Debelle indulged in some MOPE.   Management Of Perceptions Economics.   Lies, deceit, and propaganda, in other words.   But for those with an ear to hear, and an inclination to check the “authorities’” claims, what he really did – unintentionally – was to give us a heads up.   That our Too Big To Fail banks (TBTF) are going to get bailed out, sooner rather than later.   Go grab a modest quantity of your favourite beverage, and settle in.  You are about to learn – in detail – why we cannot trust a word the banksters say.   Ready?   Now as expected, the mainstream press all lazily parrotted the “everything’s fine, move along, nothing to see here” headline that Mr Debelle wanted. Here’s a good example, from the nations’ “premier” newspaper:...
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  • doyla66
    doyla66 says #
    "why is the Australian taxpayer on the hook to backstop the banks?.." Why not change this scenario around in favour of the tax p
  • doyla66
    doyla66 says #
    Lisa, 'you're a woman after my own heart', but would you be employable to the press? Hmm, let me think......computer says, "no" r
  • doyla66
    doyla66 says #
    A big read Lisa. Keep them coming.
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