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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 Mike Smith ANZ CEO
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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It sickens me the way the New Zealand regulator and the Ombudsman and Serious Fraud Office (whom I met and including the Minister in 2009) are mishandling these serious complaints of LOAN APPLICATION FRAUD engineered by the Bank Engineers, using the same SERVICE CALCULATOR as preferred weapon of choice and have been making obscene profits from criminal activity for more than a decade and a half.   Our regulators have all enjoyed over-bloated pay packets for playing in SNOOZEVILLE and continue this farcical denial campaign to Parliament.  "No systemic issues?"  Remember those words Greg Medcraft.  These victims lives are in tatters and you Sir can expect your brilliant career to become a down hill run from here on in.  You have been the Model of Cover-Up procedures by the Australian Securities and Investment Committee and then Chair to IOSCO to perhaps cover up there also. Australia has permitted it Banks to...
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  • doyla66
    doyla66 says #
    people have and still are being duped world wide.. Australian banksters the jig is up as more and more of us learn of your crimina
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Loan book growth drives strong profits for major Australian Broker News 10th Feb 2014    A major bank recorded a cash profit of $1.73bn in the final quarter of 2013, spurred on by solid lending book growth.ANZ announced the unaudited profits this morning, which the bank says are up 13% on the same period last year.Continued growth in the bank’s Australian lending division has helped fuel profits, said CEO Mike Smith, with the bank recording above system growth for the past 16 quarters.“ANZ’s distinctive strategy based on growth in our domestic franchises, growth in Asia and strong operational and productivity disciplines is continuing to deliver a consistent improvement in business growth and financial performance,” said Smith.“ANZ’s business strategy has also led to ongoing improvements in the quality of our lending book. Together with the outlook for continued low interest rates and low levels of corporate leverage we now expect the total...
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  • doyla66
    doyla66 says #
    Just incredible isn't it - they steal their loot via mortgage fraud and then pay it out to shareholders. Wonder what might happen
  • doyla66
    doyla66 says #
    Commonwealth Bank the same one embroiled in the financial planning/investment/broking saga have again increased their 6 month prof
  • doyla66
    doyla66 says #
    What did I tell you, CBA announces 4.27 billion dollar half year profit - mainly through FRAUD on mortgage loans. Pay out aggrieve
  • doyla66
    doyla66 says #
    Well well, swimming in profits are they? Surely Mr. Mike Smith can spare a bit from the petty cash tin to reimburse ANZ victims o
  • doyla66
    doyla66 says #
    We can only hope that the Senators are there for the people and not for themselves. This Inquiry will prove it one way or the othe
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