GLOBAL SUB-PRIME CRISIS

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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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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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Liar loans: How mortgage fraud helped trigger the GFC DateFebruary 13, 2015 Read later Binyamin Appelbaum     inShare submit to reddit Email article Print   Low-income homebuyers borrowed more than they could afford - helped by the lenders' "art departments" fudging their wage statements. Photo: Ronda Churchill The global financial crisis was caused in part by widespread fraud, which may seem like an obvious point. But it remains surprisingly controversial. US President Barack Obama and other public officials, seeking to explain why so few people have gone to jail, have argued in recent years that much of what happened on Wall Street in the go-go years before the crisis was reprehensible but, alas, legal. You will not be surprised to learn that many financial executives share this view - at least the part about the legality of their actions - and that a fair number of academics have come forward to...
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  • Wayne
    Wayne says #
    with all the patchwork on the documents & all these incredibly honest & intelligent minds reporting the evidence, When is the TIME
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