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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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Subscribe to this list via RSS Blog posts tagged in Multiple securities
  Wednesday, October 17, 2012 17:22   SARTRE, Contributing Writer | White Owl Conspiracy The frightening prospects from a derivative meltdown, well known for years, seem to deepen with every measure to prop up a failing international financial system. The essay Greed is Good, but Derivatives are Better, characterizes the gamble game in this fashion: “The elegance of derivatives is that the rules that defy nature are not involved in intangible swaps. The basic value in the payment from the risk is always dumped on the back of the taxpayer. Ponzi schemes are legal when government croupiers spin loaded balls on their fudged roulette tables.” Under conventional international trading settlement, the world reserve currency is the Dollar. The loss of confidence in the Federal Reserve System causes a corresponding decline in value in U. S Treasury obligations. Add into this risk equation, derivative instruments that are deadly threats that can well...
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  • doyla66
    doyla66 says #
    Greg Medcraft's experience in US with "CFDs" was a reason trumpeted for his selection last year as ASIC Chairman.
  • doyla66
    doyla66 says #
    "Bottom-of-harbour-Scheme"-Hedging = reassigning betting-risk to "unfunded" underwriters never able pay off claim!
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For years Gadens have had the lion's share of the action in the Australian Mortgage Fraud. It is a matter of public record that they have defended the perpetrators of Fraud, orchestrated the bullying and repeated efforts to intimidate blameless and innocent home owners and witnesses to the Court hearings all in the name of "Justice" - and been allowed to get away with it by some of the "bank blinded" Australian judiciary! If you'd like a few samples of Gadens' handiwork on behalf of NAB, Bank West, Ing and others use the BFCSA blog search engine or see austlii.edu.au Gadens aren't the only lawyers willing to do this type of work.  After all this BANK SCAM has been going on for years under the watchful eye of both major Australian Political Parties. All borrowers and BFCSA members should check their documentation and report in with a list of all legal...
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  • doyla66
    doyla66 says #
    Sorry Gaby - I worded that wrong. I was just actually was refering to our case only and the issues that have arose from it. As exp
  • doyla66
    doyla66 says #
    We have now two law firms. (There is five in the group- so have spilt it up). One barrister via one firm use to represent the bank
  • doyla66
    doyla66 says #
    You can add HWL Ebsworth Lawyers and Leonard Legal, both from Melbourne to the list
  • doyla66
    doyla66 says #
    Gadens execs are very short sighted. Once the massive fraud, theft and corruption of Australia's banking sector really hits the fa
  • doyla66
    doyla66 says #
    Ah! but Cooper's Grace and Ward were Hunt and Hunt's franchisee in Brisbane,in 2006 Hunt and Hunt dropped them,one has to wonder w
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Posted by on in RMBS SECURITISATION
How can ONE mortgage be backing MULTIPLE securities derived from it? It can't.  Typically, multiple securities are derived from the one mortgage.  I've spoken to a person, with excellent credentials, in the USA, who told me that the worst case he personally investigated was where 30 securities were made from one mortgage - each claiming to be backed by that one mortgage.  I understand that even more have been created at times. That's why, as another expert has told me, the securities are NOT backed by the mortgages.  They are back by the INSURANCE that is taken out on the securities.  It protects the Trust.  The Borrowers lose.  The End Investors lose. So, the term 'Residential MORTGAGE backed Securities' is misleading. They should be called 'Residential INSURANCE backed Securities'....
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  • doyla66
    doyla66 says #
    That's how it sounded to me too. RIBS. With plum sauce ASIC warns about derivatives while the government is dabbling in RMBS w
  • doyla66
    doyla66 says #
    The insurers have been the hidden beneficiaries of this scheme.
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