GLOBAL SUB-PRIME CRISIS

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BFCSA
MORTGAGE
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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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http://www.crikey.com.au/2014/08/01/the-next-subprime-mortgage-crisis-in-the-making/ The next subprime mortgage crisis in the making Paddy Manning|Aug 01, 2014   We’re not as immune from the mortgage lending laws that triggered the Global Financial Crisis as we might think!  It is a bit of myth that Australia dodged the global financial crisis because we had tougher lending standards than the United States, where ticking-bomb subprime mortgages were packaged up into toxic derivatives like collateralised debt obligations, slapped up with dodgy AAA credit ratings and on-sold to financial institutions investors all over the world...............   Swept under the carpet in Australia during the GFC was the prevalence of loan application fraud, a form of predatory lending that consumer advocate Denise Brailey has been campaigning to expose for years.  The transfer of responsibility for consumer credit laws was transferred to the Commonwealth under the National Credit Act 2010, with the Australian Securities and Investments Commission taking over regulatory responsibilty....
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Major Banks are asking the Australian Securities & Investment Commission to jail a few Brokers, without of course, investigating the Banksters' Engineering of the Service Calculator.  100% of Loan Application Forms have been tampered with after  the client's signature was obtained and without the knowledge or authority of the borrower.  Borrowers were only shown 3 pages to sign, yet 8 other pages were added to the document at a later date.  The borrower of course had no idea Major Fraud was taking place on Full Doc and Low Doc mortgages. All mortgages in Australia were "approved" by Skippy the Computer..................its a  fact, confirmed by authorities.   The Bankster Executives masterminded a computer program to fudge income figures after the LAF was signed by the borrower.  The Service calculators were designed for Brokers to write in the exaggerated income onto the LAF so they could be blamed at a later date....if necessary. NO...
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  • doyla66
    doyla66 says #
    DB you make me giggle.... Extra boxes of handcuffs needed.... YES and a brand new jail built just to house THE BANKSTERS and a spe
  • doyla66
    doyla66 says #
    No matter how smart they think they are they always trip up on something, usually in making the very big mistake that there is alw
  • doyla66
    doyla66 says #
    They sure were cunning and had it worked out so brilliantly that their toxic scam would ultimately be directed onto the clueless b
  • doyla66
    doyla66 says #
    Denise I fully agree with your explanation of how the process itself is starting to turn on our Banksters they are so clever they
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What is the remedy for all those who KNOWINGLY fed off this monstrous period in our nation's history of WHITE COLLAR CRIME gone rampant through the Banking & Finance Sector. So how do we punish these morons that thought it OK to capture Government and all to do with their own personalized GREED.  Preying on defenseless people you targeted pensioners and low income families) who trusted your insane strategies touted as good economic management to get ahead into comfortable retirement, instead of satisfied with low income: Trust Me I am  Banker!"  NO MORE.  You coveted their only asset THEIR HOMES.  You Bankers were acting as a CARTEL: same stationary, same model of business, same chains involved, same database of directives, same use of BDM's, same governmental meetings, same targets ARIPS, same asset hunger, same greed, same contracts, same law firm, same lobbying techniques, same protection rackets........................better than any bikie could dream...
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  • doyla66
    doyla66 says #
    It's going to be a busy time if lawyers who cover up crime are in for it. In some areas of Australia not only is covering up by la
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ASIC have systematically and maliciously placed Consumers in harm's way for the past 14 years!  The allegations and submissions show, this was more than negligence.  We need all ASIC Chairmen to be questioned on why they systemically ignored consumer interests, on whose best interests were they acting upon.  Their bank accounts need to be tendered as evidence............................. By ignoring the cries for help from Consumers, the obvious evidence of fraud,  ASIC will condemn thousands of Australians to LOSE THEIR HOMES, whether full docs or low docs.  ASIC has nowhere to run and nowhere to hide.  Every MP in the country needs to get a  grip on this phenomenon. BFCSA Members will take time over Christmas to reflect as a group on how we can change the status quo of the regulatory and regular rejection of consumer complaints against BANKS & ALL LENDERS.  Every Loan has been tampered with, after it was...
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  • doyla66
    doyla66 says #
    All of these departments spend millions of dollars and countless hours investigating outlaw motorcycle gangs while they allow WHIT
  • doyla66
    doyla66 says #
    We've asked both brokers politely to hand over the wet ink copies. One, a former finance broker, said "it's a long time ago" and
  • doyla66
    doyla66 says #
    yes, broker has destroyed ALL our files... and we saw stacks of folders just relating to us on his desk at the time. He says he w
  • doyla66
    doyla66 says #
    Yes this is hard to believe I know but according to well versed sources our dirty Banksters have cut a deal with political dim wit
  • doyla66
    doyla66 says #
    Missing, Lost. "After extensive searching we could not locate the hard copy or electronic file" Nab quote. 3 weeks of extensivel
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After dealing with FOS and ASIC I am beginning to understand how a gang rape victim feels. Neither wants to see anything.....and protect the banks You agreed to a meeting with the banksters You must have encouraged them in some way You have done this before - borrow money You shared personal information with them because they asked for it You must have misunderstood their signals They misunderstood your signals You are old enough to know what this means - never been defrauded before so not experienced. "No" doesn't really mean "no" You might have been interested so we pursued you anyway You didn't report it till now (What do you mean you were too embarrassed at the time?) Don't worry about the banks, we are going to look into your past - we are investigating the borrowers Banks are not silly - they don't admit anything - so we cannot investigate them You have...
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  • doyla66
    doyla66 says #
    Well said, Ed. We're victims of crime and misconduct: not just fraud but also abuse, as we're revealing uncomfortable truths about
  • doyla66
    doyla66 says #
    Yes Ed you are right with all your points heard many of these myself. My favourite was Nab cannot locate the original rejected lo
  • doyla66
    doyla66 says #
    That's exactly what it feels like. We the innocent have to prove our innocence. We didn't put all this bull#hit on the laf's, the
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The hits keep on coming from around the world and guess what we have now discovered?  United Kingdom, New Zealand, Indonesia, Ireland, whole of Europe including Italy, Spain, Iceland, France and Greece, South Africa, the United States and so many many other countries.  No doubt China and Russia are included.  We have yet to make contact with those people all though they are watching (see cluster map).   BFCSA has now alerted other nations that NO ONE RECEIVED COPY OF LOAN APPLICATION FORM at point of signing.  Bank Fraud is everywhere - Global problem, exposing the obvious corruption inside Governments that all our over-bloated and overpaid moron regulators were "unable to find any systemic issues!!!!   The proof of widespread raping and pillaging of bank accounts, savings and assets by EVIL BANKSTERS is a Global Crisis is contained in the hidden documents.   The clue is to KNOW WHAT DOCS TO...
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