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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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AUSTRALIA'S big banks ranked most profitable in the developed world for the 2nd year

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Congratulations everyone!  I'll check my letter box tomorrow for a 'thank you' card from the banks.

Bit of Trivia:  Westpac's annual report, released in November 2011, shows Ms Gail Kelly - CEO, was paid $3,100,000 cash for the year September 30, 2011.  The new home she recently purchased cost $9,000,000.  I wonder if that loan was securitised or if she had to pay Mortgage Insurance?  I punched Ms Kelly's numbers into their 'How MUch Can I Borrow' calculator:  With annual expenses of $250,000 (My guess), she can borrow $22M+ with monthly repayments of around $150k. 

Thank goodness I'm not a mushroom any longer!


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  • doyla66
    doyla66 Wednesday, 18 July 2012

    I'll be expecting a bunches of roses and multiple letters of thanks for my contribution to the Commonwealth of Bankerdom!

    I wonder what Gadens and staff will send by way of thanks for my ongoing contributions to their burgeoning profits? Whether their mortgage companies win or lose against me they'll profit from my work!

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