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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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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Future homelessness will rival the great depression unless we collectively call for ROYAL COMMISSION NOW. You can now start to see futuristic stats emerging.............................. Casualty LIST of those affected by LACK OF CLEAN UP and lack of response from the Australian Federal Government:   Mortgage holders who were given buffer monies to mask UNAFFORDABILITY of sub prime Property owners as market bubble bursts Sellers of products as downturn bites Shareholders who trust the banking system Depositors who trust the Banks Small businesses who rely on small truthful loans Governments who ignore the elephant in the room High wealth aussies re bail out bank strategies And all the flow on effects: jobs, health, divorces, suicides and homelessness costing centrelink....massive! AND, THE WINNERS ARE....CEO'S of Major Lenders paid up to $100 million for five years carnage......................all criminal of course.  Where is the JUSTICE? CLEAN UP TIME and recognition that SELF REGULATION only works...
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  • MickyD1112
    MickyD1112 says #
    Bring on the commission
  • Aries
    Aries says #
    Yes indeed. Loans approved with none or very little deposits these homes are ranging from $700,000 up in Sydney. I heard Alan Jone
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