GLOBAL SUB-PRIME CRISIS

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BFCSA
MORTGAGE
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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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As a simple retired person and obviously not business savvy, even I cannot get over the gall and unmitigated temerity of the Big 4 banks not to pass on the RBA rate cut in full. This is in direct defiance of the P.M. a former banker himself warning them pre election to get their houses in order. Poor Malcolm is torn between his loyalty to his brothers in arms to that of his own political future. The banks have had a fore taste of the Australian public howling for openness and transparency in our financial system, has their combined greed over shadowed common sense? Malcolm and his cohorts only just got in by the skin of their teeth and with Labor promising a Royal Commission it would only take one or two pollies to die or retire with by elections to follow to upset the apple cart. The fact the PM...
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Well folks its going to be a long election campaign and the Coalition are going to great lengths to protect the money men with whom they are so closely embedded. This morning that vile snake of a man Scott Morrison quoted the exact number of teachers, police, nurses and people around the $80,000 bracket who are negative gearing and he kept emphasizing the mum and dad investors will lose out. Not once did he mention politicians and all these people who have large property portfolio's who profit greatly from the huge tax benefits from doing so. He is running a calculated fear campaign and not once did he state that Labor's policy doesn't include existing properties and won't come into force until 2017. All of us who have lost to predatory lending practices were classified as unsophisticated investors and borrowers but now Scott the Snake Oil Man says we are intelligent...
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It amazes me that no one in the halls of power can see what all BFCSA members can. We have a financial system that has been running rampant for years with no firm hand to control them. We have had 10 Senate inquiries plus nine others where the recommendations have been ignored and replaced by a band aid fix by ex Cartel Member David Murray. Why is it we have bankster heads saying no need for a RC? The simple answer is the head of this country MALCOLM TURNBULL is a multi millionaire former banker, the head of our peak regulatory authority is, you guessed it, GREG MEDCRAFT another millionaire former banker and the head of the  DAVID MURRAY (Joe Hockey appointed and he heads to NY plum job) FSI - Financial System Inquiry was yet another retired millionaire banker.    The truth  is the banks are running this country and bleeding it...
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