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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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BFCSA: Albanese vows clean out of Infrastructure fat cats

Posted by on in ROYAL COMMISSION URGENT
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Albanese vows clean out of Infrastructure fat cats

The Australian 1:00am April 8, 2019

Richard Ferguson

 

Top infrastructure advisers face the sack if Labor wins the next election, with opposition frontbencher Anthony Albanese promising a “renewal” of the ­Infrastructure Australia board.

Infrastructure spending received a $100 billion boost in last week’s budget, but Mr Albanese said yesterday the board’s ­oversight of projects was too political.

“Well what we need to have is a renewal of the Infrastructure Australia board and we will be asking for that,” he told Sky News.

“And we will be consulting the opposition on who should be ­appointed to the board. It is quite extraordinary that this week a new appointment was made to the Infrastructure Australia board who immediately on day one — on day one — attacked the Labor Party.

“I have been consulting with the sector, with organisations like Infrastructure Partnerships Australia, with people across the board about giving us your ideas about who should be on the Infrastructure Australia board to make sure that it is above politics.”

Mr Albanese has been long critical of government appointments to the Infrastructure Australia board but he became particularly outspoken when a recent appointment, former South Australia infrastructure chief Rod Hook, made comments critical of SA Labor.

“I do think there’s a case that SA seems to have dropped the ball over the last few years in its dealing with the national entity,” Mr Hook said last week.

“We haven’t been very well represented. I’m pretty sure the current (Liberal) state government has progressed pretty well in getting funding commitments back on the radar over the last 12 months.”

Deputy Prime Minister Michael McCormack defended the Infrastructure Australia board yesterday and said it had already been “renewed”.

“The federal government is confident that the Infrastructure Australia board has the appropriate skills and experience to fulfil its important role in advising the Australian government on infrastructure investment priorities,” Mr McCormack told The Australian.

“The Liberal and Nationals government has renewed Infrastructure Australia’s board ­already, by appointing three new highly skilled, competent and ­independent board members in 2019 to replace the three members whose terms had expired.”

 

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