GLOBAL SUB-PRIME CRISIS

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BFCSA
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What BFCSA Does...

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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BFCSA Blog

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.macrobusiness.com.au/2012/09/death-by-financial-rules/  The comments on articles in MacroBusiness are worth reading IMHO. Posted by Sell on News in Capitalism on September 15, 2012 | 41 comments     Surely the greatest misnomer in modern times is the term “financial de-regulation”. For at least 25 years, various business funded think tanks and mono-culture, conformist university economics departments have hailed its advantages, for the most part completely capturing the world’s business press. I know. I am actually a business journalist who was, until recently, in the mainstream media. I watched it first hand. This continuous and intense propaganda worked. It has even been successfully prosecuted after the GFC, the blame for which has been somehow laid at the feet of governments and not the financial institutions and private actors who actually caused it.   As I have long argued, the phrase is nonsense, always has been nonsense and always will be nonsense. Finance IS...
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  • doyla66
    doyla66 says #
    Good read Lisa
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