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BFCSA
MORTGAGE
DISTRESS SOS

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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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BFCSA PETITION 2,853 Australians say YES Royal Commission into Banking & Finance Sector - no stone unturned!

Posted by on in ROYAL COMMISSION URGENT
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https://www.change.org/p/mr-david-murray-chairman-of-the-financial-system-inquiry-royal-commission-into-australian-banks-the-regulators-asic-apra-and-all-subsidiaries-and-joint-partners

Up to 200,000 families are about to face LOSS OF HOME and LOSS OF SAVINGS AND SUPER as the five year implosion mark neatly planned as banks pull the levers, trying to deflate the Housing Bubble, Politicians are at pains to ignore or pretend it will simply all go away.

How do these sub prime lending practices and Ponzi's which have invaded our finance sector, assist us in growing the economy  here in the lucky country? Instead of targeting NINJa's for Ninja loans (No Income No Job) our American owned Australian Banker Elites targeted ARIPs  Asset Rich and Income Poor.

Banks targeted those with a large asset - their home - fully paid off - NO DEBT!  Our Banks were "smarter" than America.  

"Let us sell a 30 year INTEREST ONLY LOAN with small interest "honeymoon period" and then whammo: a very high cost interest rate of say 10% - 16% after first 12 months.  People cannot afford so then we add more loans on to them, burden them with debt they could never pay off.  We lend them buffer monies so they pay payments with our paper entry "money."  Reserve Bank of Australia will take years to figure this out in a de-reg situation.  We can become the most profitable banks in the world!  Only 23 million people?  No problem.

The loans will only survive around 5 years and then implode.  It will take around another year for ARIPs to figure out they are in trouble, then our friendly Ombudsman who helps us limit the compo (if any) will do a 75/25 deal out way so we can take of 25% of fees and grab the asset the elderly people purchased as an investment (we can label them "investors" as in sophisticated's) and we also clean up by grabbing the elderly persons home.

We hire an army of brokers and planners and tell them "we want to help people.... and we have the perfect financial strategy....our lawyers say all legal...and generous commissions structure using middlemen."  All Good.  They will never figure it out - The Aggregators will know but will not care - they are as greedy - hungry for money- as us!  They will hire the sellers and we can easily through our lawyers, avoid liability and clean up!  We just have to sue the same law firm and I know the perfect one!  Our guy can also get onto the ASIC consumer boards.  Perfect!

What about ASIC, Fed Treasury and APRA?  They will say self regulated.....we cannot touch you guys......we just take them to lunch....all sweet!  It will be raining gold bullion!

What about the Mums and Dads?  Who cares?  No-one will figure this out for another 30 years............................."

 

 

 

 

 

 

 

 

 

 

 

 

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Guest Wednesday, 20 January 2021