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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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Greg Medcraft really doesn't get it?  Or is he a corrupted and captured prisoner of the banking system?  Tens of thousands of Australians have lost their life savings and/or their homes in dodgy financial products and services from sellers acting as AGENTS OF THE BANKERS. The sellers were given an 8 day rinky-dink course and then told "you are now advisers".....find some clients (practice on your parents first) and then the bank will give you whopping commissions for bringing in new fodder for the banker cannons.  Medcraft, D'Aloisio and Lucy oversaw this tragic time in the history of banking.  The watched evil greed driven bankers go after older persons who had worked all their lives for a few pennies in the bank and a home.  The Asset Rich Income Poor ("ARIP's")were named by bankers in 2004 as the obvious "target."  "Target Older Persons" the internal emails to brokers and planners suggested....
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http://www.macrobusiness.com.au/2013/10/asic-blows-bureaucratic-smoke/ Posted by Houses and Holes in Australian Economyat 1:58pm on October 11, 2013   From ASIC chief Greg Medcraft................“Today, I want to set the record straight. My point is that in any foreign bribery investigation, criminal proceedings are the main game,” he said in a copy of his speech to the American Chamber of Commerce in Australia. “ASIC cannot – and will not – do anything to jeopardise the success of criminal actions. This is something the media has mostly chosen to ignore..........There are three points to make. ...................   The Four Corners expose on the case of corruption and bribery at RBA subsidiaries made the point that the Federal Police had investigated Securency then passed the issue to ASIC, where it disappeared.   From the ABC program: The AFP handed its evidence to the Australian Securities and Investments Commission (ASIC). In a statement, ASIC said it had reviewed the...
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  • doyla66
    doyla66 says #
    ASIC cannot – and will not – do anything to jeopardise the success of criminal actions. Huh? Does this mean ASIC will let the crim
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