GLOBAL SUB-PRIME CRISIS

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BFCSA
MORTGAGE
DISTRESS SOS

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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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First we need to lift up the lid and see where the stench is coming from in Australian Banking and Bad behaviour.   Why have a Bail-Out and then allow the bad banks to get away with fraud and intention to decieive, then allow them to continue SELF REGULATION.  Are we all mad?   This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.smh.com.au/business/risks-will-rise-as-lessons-of-global-panic-fade-20140725-zwpvk.html Risks will rise as lessons of global panic fade Comment & AnalysisBusiness Date July 25, 2014 Ross Gittins Almost six years since the global financial crisis reached its height, it's easy to forget just how close to the brink the world economy came. To someone like Reserve Bank governor Glenn Stevens, however, those events are burnt on his brain. Which explains why he thought them worth recalling in a speech this week. And also why, so many years later, the major developed economies of the North Atlantic are still so weak and showing little sign...
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Monday 3 February 2014 by John McManus   IRISH TIMES  "Scale of Irish Mortgage Defaults Unprecedented." The revelation that five years into the downturn three-quarters of the people behind on their mortgage payments actually have jobs comes as a surprise. It shouldn’t, but it does. It is also quite scary as most of us soldier on under the assumption that if we can hang on to our jobs we will keep a roof over our heads.  It is a further reminder of a fact we have perhaps lost sight of: the scale of the Irish mortgage default is unprecedented. Nothing really like it has happened anywhere before. It is a lot of people. Roughly speaking, about one in five of the 800,000 residential mortgages in the Irish market is in default. That is 160,000 mortgages and even when you allow for buy-to-let mortgages and multiple mortgages it’s still hard to avoid the...
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RICKO - Posted on Friday, January 24, 2014 Don't doubt yourselves fellow BFCSA Members you know the truth, I know the truth, Denise Brailey discovered the REAL TRUTH and our Government not just the present one but the one before that and the one even before that knew the REAL TRUTH. The problem being is as organza stated this news is leaching out to the rest of the world now even making a Shanghai newspaper and it wont be too long before the whispers become a shout and our Government is going to great lengths to make it look like they are in control of the situation. Nothing could be further from the truth.  Our Government is even going to the effort of setting up what to all intent and purpose looks like, on the outside, an investigation into our Banking and Finance Industry. Not at all. In fact it is...
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  • doyla66
    doyla66 says #
    Humpty Dumpty sat on a wall................
  • doyla66
    doyla66 says #
    Hi Change it was Westpac that duded us, sorry to confuse you but I am answering for Ricko as its not accepting his email to blog f
  • doyla66
    doyla66 says #
    Riko, interesting comment. I was wondering which bank duped you?
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For too long, World Leaders have been pussy footing around Banksters.  Fraud is a crime in anyone's language!  Altering people's financial documents, after they have signed and without their knowledge or consent IS A FELONY.  The result of this global activity has left millions of families homeless.  Bankers deliberately targeted the poor and defenseless, pensioners, low income families, with one objective.....for the banks to steal homes.   Teaching millions of bank staff around the globe, to assist with the crime, explaining that banks are immune from prosecution, that its OK to tweak bank documents to "make the deal fit" is legal according to bank lawyers: THAT IS GRAND LARCENY Not one of the 180 plus members of IOSCO (the global corporate chiefs) found the evidence to piece this together.  NOT ONE!!!!  Our own Greg Medcraft is Chairman of this tin-pot outfit!  Check them out:  www.iosco.org    International Org of "Ww have...
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  • doyla66
    doyla66 says #
    Remember folks the G20 and the worlds media converge on Brisbane next year, a few large well placed placards and some ordinary Au
  • doyla66
    doyla66 says #
    I wish the rest of the world were taking this scamming and ripping off of consumers as seriously as we are! This is Grand Larceny
  • doyla66
    doyla66 says #
    I dare say that if us ordinary mums and dads tweaked our loan applications and filled the application with lies, inflating our inc
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