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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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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Subscribe to this list via RSS Blog posts tagged in Ireland Sub Prime Mortgage Crisis
from http://www.whocrashedtheeconomy.com.au/blog/category/australian-economy/ Australia's subprime mortgage crisis 12 August 2014 , 10:37 AM by Gabrielle Burke Do you remember the subprime mortgage crisis in the United States that left so many people in trouble a few years ago? Think it could never happen here? Well, it is. Many Australians are now facing financial difficulties after signing contracts for low-doc loans. Denise Brailey has warned against such loans. She is from the Banking and Finance Consumers Support Association. » Pensioner represents tip of $100bn sub-prime iceberg: advocate – The Australian, 12th August 2014. » Australia’s subprime mortgage crisis – The ABC, 12th August 2014.   » The Investors Club, renamed as Property Club, sued by couple claiming they were misled into taking out $1 million in loans – The ABC, 12th August 2014.   Yes many more TIC victims coming in from the cold  This email address is being protected from spambots. You need JavaScript enabled to view it....
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  • setup
    setup says #
    Stay clear of low doc loans. They are dangerous and can ruin lives to the point of total financial destruction. Knowing what i kn
  • PreySOS
    PreySOS says #
    More effective government strategy and action and is essential to stop further dangerous development.
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At last the secret of TOXIC Time Bomb Loans can be revealed.   Worldwide bad bank practice:   NO victim of Mortgage Fraud and Unaffordable Loans  received a copy of their Loan Application Form whether they were granted a FULL Doc or LOW Doc loan.  36% of loans in our recent sample are written by bank managers and NO Broker involved.  18% of all loans are TOXIC FULL DOCS. Every victims of this scandal should immediately phone their bank and demand a copy of the LOAN APPLCIATION FORM (11 pages not 3 pages) in all countries and nations affected by this Bankster driven fraud.  Our overseas callers are astounded when we ask the key question:  Do you have a copy of your LOAN APPLICATION FORM that you signed when you applied for the loan in question.  Australia is a good five years behind the GFC caused by toxicity in lending.  Yet, we are the...
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  • doyla66
    doyla66 says #
    Woohoo, Nanna! NAB were fools indeed from beginning to end. You've got the last laugh on them. Well done! Taking homes is pure vin
  • doyla66
    doyla66 says #
    The LAF is an integral part of the loan application scenario and must be signed by all applicants if the case is multiple applican
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Yes this is a Global Crisis of monumental proportions.   During the past 20 years, Bankers have been busy uniting globally in a raw grab for assets from the most vulnerable, hard working  people in the community.   Australia, New Zealand, Greece, Spain, Iceland, UK, Ireland, Sth Africa and the US and so many other nations have all been told the same sub prime lies, whilst banks engineered millions of TOXIC Mortgage Loans and then moved in to take the spoils of the greatest looting spree the world has ever seen.  Not one regulator in any country, appeared on the horizon, to defend consumers of disgraceful bad banking behaviour!  Bankers then turn around, blamed the customers for trusting their banks, and then demanded taxpayers bail out the banks!   What is going on?     Time for all bank victims to tread the same path and become a Global Movement: to...
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  • doyla66
    doyla66 says #
    So good to hear from our Irish friends. They are doing a wonderful and feisty job over there. Just like the US, Australia and now
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