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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 politicians
Gillard will retire to an $8 million equivalent super despite trying to tax yours, plus now she and Wayne Swan will be sweeping your personal bank accounts if you haven’t used it in the last 3 years. The recently amended legislation that transfers money from bank accounts that have been inactive for three years into the hands of ASIC raises questions about the suspicious timing of passing this law and the government’s motive behind it. According to a legislation amended late last year, money from bank accounts inactive for three years will be seized by ASIC. Previously bank accounts could safely stay inactive for seven years; however, the recent amendment implies that more money will flow to the federal government. As a result bank deposits like bonds, trusts and savings worth millions can be lost. The government rushed to change this law late last a year at a time when they...
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  • doyla66
    doyla66 says #
    I'm owed money by the CBA. It is still lawfully mine and they knew it. They held the money as they didn't like the outcome of anot
  • doyla66
    doyla66 says #
    ummm.... $8million equivalent? Why equivalent? Are they taking their payout in Bermudan currency?
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0 0 0 by Stephen Lendman   At issue is a bad barrel, not a few rotten apples. Western banking is rife with fraud.   The business model of major banks is grand theft.   UK-based Barclays bank was caught in a Libor rigging scandal. Other major banks are involved.  Barclays reflects a corrupt system. Other major banks operate the same way. Western politicians permit it. "They uphold the doctrine that whatever banks do is right."   They're failing. They're zombie banks. The entire system is corrupt. It's crumbling. Barlays is in the center of the UK storm, but watch out. Expect more globally, much more. It's coming.   The seriousness of what's known is that a system portrayed as just and sound is failing. At issue is rampant speculation at the expense of stimulating real economic growth.  Casino capitalism doesn't work. Economies suffer. So do ordinary people. The entire banking...
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  • doyla66
    doyla66 says #
    "banking is an organised scam masquerading as a business,where men&women with no moral compass become very rich very fast."
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Posted by on in Corrupt Regulators
This is a piece of the puzzle: Who Runs (or Ruins) ASIC ...  http://www.aph.gov.au/Parliamentary_Business/Committees/Senate_Committees?url=corporations_ctte/asic/asic_2012_2_Aug/index.htm   Is Greg Medcraft really to blame for ASICs poor performance - or is he the scapegoat for political influence resulting from lobbyists and other self-interested parties?  ASIC had the powers but didn't use them - why? ASIC had been around for many years under other Chairmen and had been even less effective - why?  Where is the list of donations to political parties and the list of meetings and lunches with large corporations and self-interested parties?  Look behind the regulatory facades and you will find corruption and enmeshment involving politicians, unions, regulators, senior government managers, overseas interests: the less obvious side of "business as usual" in Canberra. Politicians complain that Australians have "disengaged" with Australian politics. What they really mean is Australians seems to be less interested in the spruiking from the major parties as they see...
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  • doyla66
    doyla66 says #
    I could not agree more with you Lisa. A good write up.
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