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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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http://www.bankingday.com/nl06_news_selected.php?act=2&stream=1&selkey=7066&hlc=2&hlw= ANZ: an equity finance timeline 25 August 2008 6:39am  If we added up the billions of dollars in losses by innocent ordinary Mums and Dads who trusted the Banking sector and its hangers on............you would see why a ROYAL COMMISSION IS LONG OVERDUE......................Move over Bankers, Consumers are at last breaking down your barriers to Justice.  This email address is being protected from spambots. You need JavaScript enabled to view it. Incompetence rather than malfeasance wears the blame for the losses and management distractions created for ANZ by the losses on equity finance arrangements with Opes Prime Stockbroking and Primebroker.   One equity finance client, Opes Prime (a firm to which ANZ was one of the largest financiers), failed in March 2008, sparking the present controversy. Primebroker Securities failed last month.   ANZ on Friday published the review of securities lending.   Five people formed the review committee: Mike Smith, ANZ managing director; David Crawford, a director of Westpac; David Hisco, managing director of Esanda; Chris Page, head...
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Sadly, I can only agree.  What a mess and now we lose jobs and sell off the family farm whilst Bankers count the loot in Tax Havens.........ASICkers will be shipped offshore to $3 million contract jobs with other regs for three year stints - tax free of course!  I have watched 14 benefit to date and I keep a LIST of names.  I don't forget the way you managed to garner a 10 star luxury retirement, stepping over the bodies of those who came to each one of you for assistance.    From a Reader - Organza................. This article I am afraid to say has literally knocked the socks off me knowing ASIC have now dared to stoop so very low to further flaunt good people.   Take your choice re the real interpretation of words for to me if not absolute proof that they at the helm of the sinking ship...
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  • doyla66
    doyla66 says #
    And dont forget we now only have 5 days past the due date on any bill before we get such phone calls and black marks on credit rat
  • doyla66
    doyla66 says #
    The rot has set in. The housing bubble is going to burst and not to far in the distance. All the middle classes had better take n
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