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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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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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Tom is spot on:  Denise, As know FOS are now eliminating the appeal avenue from their decisions and going straight to determination effectively benefiting the banks and themselves.  By the time the Senate Inquiry into Lazy ASIC reports  in March FOS and COSL hope to reduce their over bloated case load.  The one they both pretend they do not have.   Our Banks and ASIC, reminiscent of the Nazi tactics in the latter stages of WW11: holding centres and send everyone to gas chambers before the Allies arrived.  This time its the Bank Case Manager executioners.  Naturally, it's in everyone's interest except consumers of toxic bank loans, to have ASIC lie twice to Parliament: "we see no systemic issues."  Industry Regulators and their Banking Buddies must be desperate to shred the evidence to skew the figures of case numbers. Yes Sir:  The most experienced INCOME FIGURE FUDGERS and Document Magicians with disappearing files living...
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  • doyla66
    doyla66 says #
    I firmly believe that if Banks, Brokers, FOS, COSL or ASIC for that matter destroy evidence to protect their own backsides and can
  • doyla66
    doyla66 says #
    Charles this is precisely the point(s), "no dox, no sox" and they get to keep their dirty underwear, case closed. FOS requires an
  • doyla66
    doyla66 says #
    It's called a coverup, in time honoured public service tradition. "In the national interest"??? Maybe in the National Bank's int
  • doyla66
    doyla66 says #
    Denise, FOS refuse to hand-over ING 'electronic credit file' from which it sourced copies & attached to its Recommendation dubious
  • doyla66
    doyla66 says #
    You are totally on the ball Denise. Lies, fraud, deceit will never stay hidden. It always comes out. With age I have learnt and
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Low Doc loans were created as a smoke screen for a massive criminal operation: widespread global looting of people's assets and financial security.  The entire structure continues to be run by a powerful Cabal of Banksters.  No relief is in sight in the immediate future, due to the reluctance of elected Governments to deal with the turmoil and chaos within.  Therefore, the game plays on. The official version in the late 1980's began with a Low Doc Mortgage product, supposedly for marketing to small business people, who owned or had large equity in their own homes.  The loans could be for business purposes (to boost small businesses) or for investment purposes (to boost property/building industry sectors).  The rules were simple enough: proposed mortgagors had to demonstrate minimum two years strong business figures and you had to supply a current Business Number.  In Australia its called an ABN number.  Other countries have...
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Lisa - Posted on Wednesday, September 18, 2013   Agree, Nanna. How many other times have NAB said we can't find it and then the paperwork turns up after the court case and after repossession, like they're flaunting their power over their former clients. Shred? I'd want to grind their faces into the dirt for that sort of sadistic behaviour. NAB and CBA deserve everything and anything people hurl at them. They are just like the scum of organised crime. We may as well have a Squizzy Taylor running ASIC for all the use the "corporate cops" have been in restraining, disciplining and sorting out these oversized Bank leeches! Customer care? - it's a great big joke to them. Smug bastards. May their CEOs rot in a small grey dripping cold hell for long enough to discover what remorse actually feels like. and this: Medcraft was a choice for the investment corporations....
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  • doyla66
    doyla66 says #
    This is like watching a horror movie but it is not, we are real life victims. Nab and the other banks will not get away with thei
  • doyla66
    doyla66 says #
    Well said, Nanna. That's how I experience it too - like watching the most unbelievable things happening! Thanks to the laxity, m
  • doyla66
    doyla66 says #
    I suggest implementing cryogenic cells "to discover remorse" till a cure is found to re-engage those remorse inhibited responses.
  • doyla66
    doyla66 says #
    We could start by taking away their coffee and computers so they can't get their adrenaline fix which is helping to block their no
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AT LAST the Banksters around the world are spooked.  Shredding evidence is a criminal offence and that means they are all in panic mode.  I am sure ASIC and APRA and their pet project COSL will be doing the same thing.   American Banks have already pulled this same stunt.  Nine Attorney Generals in the States were a little miffed at the antics of banks when banksters signed stat decs saying documents were "missing." Nine Attorneys-G took the Bankers to court and won.  A victory for Mums and Dads, who were victims of TOXIC LENDING and fraud.   Judges in nine states were unanimously less than impressed with trillions of missing documents all of a sudden!  Their verdicts? "Gentlemen if you have mislaid the vital evidence belonging to the victim borrowers, then you cannot prove the loans were  prudent!  So loans are now extinguished.......next case please."  Words to effect! So if...
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  • doyla66
    doyla66 says #
    If my Bank cannot produce the ORIGINAL DOCUMENT containing MY SIGNATURE then the loan does not exist. I now have a copy of the LOA
  • doyla66
    doyla66 says #
    Agree, Nanna. How many other times have NAB said we can't find it and then the paperwork turns up after the court case and after r
  • doyla66
    doyla66 says #
    Loved to read this post. I know as do all BFCSA members this shredding game is just that, tactics to take advantage of you, me and
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