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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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http://www.thebfo.org/The-Oath/Background Good Sunday Reading on Bankers wishing they had a modicum of integrity......................................whilst running sub prime scams............... The Banking and Finance Ethics Panel was established in 2010 by leaders from the banking and finance industry led by the St James Ethics Centre's Consulting Fellow for Ethics in Banking and Finance, Clare Payne. The Banking and Finance Ethics Panel comprised: Stephen Fitzgerald, formerly Chief Executive Officer, Goldman Sachs Steven Harker, Chief Executive & Managing Director, Morgan Stanley Stephen Dunne, Managing Director, AMP Capital David Cohen, Group General Counsel, Commonwealth Bank of Australia Trevor Rowe AO, Executive Chairman, Rothschild Australia Steve Tucker, Chief Executive Officer, MLC David Bell, formerly Group General Counsel, Westpac Banking Corporation Dr Simon Longstaff, Executive Director, St James Ethics Centre Clare Payne, Consulting Fellow, St James Ethics Centre and former Director of the Integrity Office of Macquarie Bank Amanda McCluskey, Senior Investment Manager and Co-Head of Sustainable Funds, First State...
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  • doyla66
    doyla66 says #
    The Hippocrates Oath taken by doctors states first do no harm and now we have a Bankster Oath stating trust them and their word is
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ASIC bumbles as spruikers rake in the dosh  June 5, 2004  http://www.smh.com.au/articles/2004/06/04/1086203629402.html?from=storylhs   By John Garnaut   A year ago, lawyer David Knott quietly told Treasurer Peter Costello he would step down as chairman of the Australian Securities and Investments Commission. Last month, Costello appointed accountant Jeff Lucy as Knott's permanent replacement.  The deputy chair, vacated by Lucy in December, is still open because Costello's preferred candidates don't want the job. Peter Kell, ASIC's respected consumer protection head, quit earlier this year. As did Pauline Vamos, who had implemented the financial services reform legislation. As did Peter Wood, the successful head of enforcement. They followed Sean Hughes, head of regulatory operations, who made for the exit late last year.  Others within ASIC's leadership are considering their futures. As some will tell you, ASIC no longer feels like a rewarding place to work. The Hansard records of this week's Senate Estimates provide...
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  • doyla66
    doyla66 says #
    At some stage the Senators are going to throw the book at Peter Kell, spruiker and defender of the divine right of ASIC. Just ima
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