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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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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The truth is no matter what the broker did on the Loan Application form, he provided the Bank with documentation to show the exaggerated figures calculated by the Service Calculator.  The Brokers was taught by Bank BDM's to write the computer calculator "Speedy" generated figure on the LAF.  Brokers suspected nothing.  The banks told them "you are helping people."  Yet every loan was an identical 80% LVR and the incomes were inflated by the CALCULATOR to match the 80% LVR borrowing "capacity."  This is Australia's sub prime shame, aided and abetted by the regulators. Se the links under "Breaking News" at the top of the home page and see the evidence and documents for yourselves, including the calculator and the passwords." Skippy the Computer approved the loan internal to the banking system.  The system was a fraud. THE BANK THEN APPROVED THE IMPRUDENT LOAN and that is against Banking Laws in...
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  • doyla66
    doyla66 says #
    Am new to this computer stuff,...anyhow, will add name of Money mob in Melbourne and their crooked Lawyers, on par with the notori
  • doyla66
    doyla66 says #
    Our capacity to pay back was zero. Our monthly repayments were $7.000....That's $84.000 per year and we were only earning $23,000
  • Denise
    Denise says #
    Tip off : Inquiry into ASIC imminent - any day now - get your submissions ready - why asic is corrupt [email protected]
  • doyla66
    doyla66 says #
    FOS also says the banks didn't have to check because it was a low doc loan. That's unbelievable for loans in the $100,000s or mill
  • doyla66
    doyla66 says #
    The banks didn't have to check because the loans were lo doc. But the Banks, as lenders, were responsible for the lending. It was
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