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BFCSA
MORTGAGE
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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 prime minister gillard
Given the seriousness of the Australian Sub Prime Full Doc and Low Doc Mortgage Crisis we really do require an answer to this from the Federal Government. Why was Greg Medcraft chosen and why was he chosen with a waiver of tender Prime Ministerial approval?  He needs sacking immediately and we know why.  Consumers are in grave danger when they ought to have been protected.  Medcraft placed consumers in harm's way and heading for financial ruin and despair.  There has to be a whole of parliament approach to this nonsense. BFCSA Member asks this: Senator queries PM's giving 'a mate' $700k ASIC job."Its run by someone who has a cloud over them. What on earth is going on here?"  ABC-Radio: Senator Cormann; "the Govt threw their own processes overboard when it came to appointing Mr Medcraft as chair of ASIC. ..It didn't do it's homework & without going through proper process....
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  • doyla66
    doyla66 says #
    Seven years - - an appointment like that can't be sustained - only thing is that Australian Govt would have to pay out his salary
  • doyla66
    doyla66 says #
    And the Government has extended the Medcraft appointment for 7 years. SCANDAL!
  • doyla66
    doyla66 says #
    Gaby, did fellow BFCSA members "break-a-mirror"? Have no doubt --Medcraft's dubious tenure is on "borrowed" time, pardon the pun!
  • doyla66
    doyla66 says #
    ASIC Chairman ~ Greg Medcraft BCom (Melb) was appointed ASIC Chairman on 13 May 2011 for a five-year term. Greg joined as ASIC Co
  • doyla66
    doyla66 says #
    You hear of not being able to trust a politician but this is going too far. How can the Prime Minister give a job to a mate withou
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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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The Hon Julia Gillard - Prime Minister of Australia Suite MG 8 Parliament House, Canberra ACT 2600 CC: Mr Wayne Swan – Treasurer Room MG47 Parliament House, Canberra ACT 2600 Dear Ms Gillard, I feel itis my duty as an Australian Citizen to bring matters of national importance to your attention.   I am a victim of deliberate, bank-driven mortgage fraud and I believe your immediate attention to this matter is required.  The fraudsters are the banks and our case is proof of that statement.  However, I am writing to you because I have discovered over 1000 other people and possibly 100,000 are caught in a debt trap, due to the systemic nature of Banks using computers to “assess” worthiness of sub-prime loans. We cannot go to the State Police as they say it’s a commonwealth matter.  The AFP have shown no interest.  I now realize this is an endemic problem for...
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  • doyla66
    doyla66 says #
    OK now its our turn , we all need to write a letter. I think I would like to gather enough documentary on this and screen it at
  • doyla66
    doyla66 says #
    Prime Minister Julia Gillard. Opposition leader Tony Abbott. You MUST act to stop this. Call Senator John Williams and arrange a p
  • doyla66
    doyla66 says #
    Well written letter STM. I wonder how many members wrote to our PM - i hope it was all of us. There is no excuse for not writing b
  • doyla66
    doyla66 says #
    Very good letter STM. Hope you have a satisfactory outcome
  • doyla66
    doyla66 says #
    We can only hope the PM will stand up and tackle this systemic mess that the banks have created all for their own greed. History w
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