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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 Too Big To Fail
Big four dilemma looms but failure is not an option Georgia Wilkins April 18, 2014 ''This is not an unfair tax on our largest banking institutions' says Louise Petschler of COBA. Five-and-a-half years ago, amid the financial strife unleashed by the collapse of Lehman Brothers, the US government stepped in to bail out financial institutions across the US – deciding the risk of moral hazard was preferable to an even greater financial calamity. The outrage flowed from large sections of the US public – why should the apparent architects of the crisis be saved from their own mistakes? In Australia, amid mounting rumours of a run on a second-tier bank, the Rudd government moved quickly to guarantee all bank deposits up to $1 million. It was enough to stem any panic – and cost taxpayers nothing. The guarantee still stands for deposits up to $250,000. But it is not clear how...
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Michael Pascoe SMH 6th May 2014 JPMorgan is in the $70 trillion gross derivatives class, together with Deutsche Bank and Barclays. Photo: Reuters While Australians ponder the feathers used to discipline errant banks when their people grossly fail or defraud their customers, blowing hundreds of millions of other people’s dollars, the wider world has banksters operating on a scale larger than most imaginations can conceive. Funds manager Mike Mangan of 2MG keeps a passing eye on some of the less salubrious aspects of banking in his newsletter for clients. His current missive deals with banks that are not just too big to fail, but “too big to jail”. More worryingly, he suggests some of them might also be “too big to save”. Mangan’s quote of the day comes from New York prosecuting attorney Preet Bharara: “...financial institutions will do almost anything to avoid a tough enforcement action and therefore have a...
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  • doyla66
    doyla66 says #
    Those advocating for no consequences for their illegal action are trying to confuse all by equating the jailing of individuals res
  • doyla66
    doyla66 says #
    I say let them fail, send them to jail, Only then will the world be able to move on.
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The Global Financial Crisis 2008 became the start of the appalling discovery of criminal activity by Lenders in a greed driven bid to gather assets under their control.   Controlling Governments had been going on for decades, yet the actual preying on vulnerable citizens reached fever pitch by the time the United States and the UK felt the brunt of the GFC.     Since that particular defining moment in the history of global trading by bankers in an unfettered deregulated market, evidence of mass looting became apparent to economists and regulators, yet all were on song suggesting "despite our expertise and being paid to keep watch.....we DID NOT SEE THIS (the GFC) COMING."    Yet reports and discussions were called for, as far back as the nineties.  Those reports languished on dust laden regulatory shelves for close to 15 years. Next came the accusations of Government cover-ups across each nation infected...
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  • doyla66
    doyla66 says #
    More information from around the world: Investigative journalist Greg Palast has obtained a secret memo authored by then deputy T
  • doyla66
    doyla66 says #
    Disgusting, Deceptive and sheer greed driving the WORLDS FAT CATS to openly admit that one band of crooks POLLIES AND BANKS LEADER
  • doyla66
    doyla66 says #
    They are nothing but scumbags. To deceive innocent people is beyond belief. To steal assets from hard working people to fill their
  • doyla66
    doyla66 says #
    Wonderful to hear, Denise! Is there a standard message wording that you consider might help us to reach more global mortgage scam
  • doyla66
    doyla66 says #
    Australia's own Erin Brockovich of Bankster scams.. Denise Brailey and your BFCSA member comments are being heard all over the wor
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  From "Life After Debt", chronicles the experiences of one UK borrower, Caroline.  Her story sounds so like some of our stories - the frustration, the stupidity of government policy, the suffering inflicted on borrowers, the failure of FOS, the ignorance of the law and processes, the unfairness of the entire situation over a period of 4 years. In Caroline's own words: In October 2008 life as I knew it was over-turned with the discovery that my husband had concealed his failing business from me and, much to my horror, the price we were going to pay was our home, our livelihood and our financial future. Having since discovered irresponsible lending and the economic crisis were pivotal to our financial demise, I have spent the subsequent years attempting to understand the reasons behind the current recession while pleading for personal debt forgiveness from the too big to fail bank HBOS. This...
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  • doyla66
    doyla66 says #
    Thank you Lisa. Irresponsibility in the financial/white collar brigade appears to be the norm the world over these days & it comme
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  29 Jun 2012 - Good reading and video at: http://barnabyisright.com/2011/06/29/rba-says-our-banks-are-stuffed-in-other-words/#comments   Yesterday, RBA Assistant Governor Guy Debelle indulged in some MOPE.   Management Of Perceptions Economics.   Lies, deceit, and propaganda, in other words.   But for those with an ear to hear, and an inclination to check the “authorities’” claims, what he really did – unintentionally – was to give us a heads up.   That our Too Big To Fail banks (TBTF) are going to get bailed out, sooner rather than later.   Go grab a modest quantity of your favourite beverage, and settle in.  You are about to learn – in detail – why we cannot trust a word the banksters say.   Ready?   Now as expected, the mainstream press all lazily parrotted the “everything’s fine, move along, nothing to see here” headline that Mr Debelle wanted. Here’s a good example, from the nations’ “premier” newspaper:...
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  • doyla66
    doyla66 says #
    "why is the Australian taxpayer on the hook to backstop the banks?.." Why not change this scenario around in favour of the tax p
  • doyla66
    doyla66 says #
    Lisa, 'you're a woman after my own heart', but would you be employable to the press? Hmm, let me think......computer says, "no" r
  • doyla66
    doyla66 says #
    A big read Lisa. Keep them coming.
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