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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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Denise Brailey

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: Whistle-blowers fear not: You can send docs in Brown Paper Bags

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Several scams over the years have been exposed via a bundle of documents in a BROWN PAPER ENVELOPE.

No problems.  Confidentiality assured.  If you are seeing things in your workplace that is utterly distasteful then relieve your conscience, do your bit and help save  a pensioner's home.  They will love you from afar.  BFCSA now has all the pieces of the jigsaw.  The more insider docs that land on my desk - sanitized or otherwise will be read and understood, and respected in terms of source.

I have never betrayed a Whistleblower - never.  This scandal is coming from the top down.  Have a look at the greedy bonuses at the top and be forgiven for wanting to vomit!

The murky truth has to escape by the sheer volume of the racketeering that will make the US and European scandals look like Piggy Bank Raid.  Per population, our Australian Mortgage Scandal is 12 times worse.  Wholesale looting has taken place over 14 years.

NOT ONE CLEAN LOAN - not one!

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  • doyla66
    doyla66 Thursday, 31 January 2013

    "Per population, our Australian Mortgage Scandal is 12 times worse than USA and Europe". Where the Bloody Hell have our Regulators been to protect it's citizens from this scandal? Too busy being wined and dined by their Bankster mates most likely. People Power will win the day. You can count on that!

  • doyla66
    doyla66 Friday, 01 February 2013

    It's downright DISGUSTING jail the bloody lot of them..to think people have committed suicide
    because of the low lifes.

    Hang in there everyone!

  • doyla66
    doyla66 Friday, 01 February 2013

    5 years ago we were so naive, innocent and trusting. We never thought for one moment that anything like this could happen. We trusted the banks and thought they were good guys always ready to help. As time went on we learned more and more of how inhuman they are. It has been a hard lesson to learn and we want all Australians to know what evil people occupy the high positions of the Banking Corporate world .

    Do not trust them as they don't see us as human beings they only see our equity and another home that they can steal.
    They only have power because they have us. If the people did not need a loan the banks would loose all their power. Wouldn't that be good if everyone could save enough money to buy their home and not have to rely on the bank, they would have zero power.

  • doyla66
    doyla66 Friday, 01 February 2013

    "Dishonourable debt should not be honoured." "The jubilee was a feature of ancient Hebrew law. Every 50 years debts were forgiven, slaves freed, and alienated lands restored to the original owners."

    "Steve Keen's suggestion for a Modern Debt Jubilee is that banks deceived us about the benefits of debt, and loaned us more money than we could afford, even in a boom and we are not in a slump. At the same time the banks were financing gambling on asset prices which caused prices and interest rates to rise. Because the gamblers had to borrow to sustain their cashflow and pay back creditors, this gambling became a big ponzi scheme. And eventually bankrupted the world.

    However just writing off debt would be problematic because of how complex the system is. Steve's answer to this is to give consumers and businesses money, with the proviso that they must pay off any debts before spending.

    Give money to people and business, not to banks

    At the moment banks can't lend money to the private sector because the private sector is in debt to the tune of 450% of GDP. The Modern Debt Jubilee would substantially reduce this figure. Banks would be able to loan to business to fund innovation and growth. Businesses would generate wealth and employ people. They would not be crippled by debt servicing costs. People would once again have disposable to spend on commodities so retail and other sectors would receive a boost. Government tax revenues would improve, so any austerity measures could be softened. House prices would come down, which is bad for short term investors but good for the affordable housing crisis we face.

    Stop financing ponzi schemes

    Capitalism is inherently cyclical. But the cycles are made significantly worse by debt financed gambling on asset prices. Some form of prevention would need to be enacted to prevent this. Steve's idea is that once traded shares lose their value after 50 years. He calls this Jubilee Shares.

    Repeat every 50 years"


    extract taken from www.moderndebtjubileeblogspot.com.au
    Sounds very feasible to me!

  • doyla66
    doyla66 Friday, 01 February 2013

    All decent, honest bank employees should quietly gather all the evidence they can of their banks
    un-ethical & illegal loan practices and send it to BFCSA. If it helps to stop just one family home from being taken by the banks, then that would be great.

    If lots of other decent bank employees do the same, then saving lots of families homes would be fantastic!

    We must ALL put a stop to this immoral theft of peoples family homes, being illegally stolen by the banks, just so the big fat bank executives can continue getting their $9 million dollars annual salary.
    It is a crime against humanity. It is obscene. It is immoral. It is pure greed & must be stopped.

  • doyla66
    doyla66 Saturday, 02 February 2013

    Hi Wayne,
    All decent,honest bank employees eg:lenders, have been performance managed out of the business,sacked or left of their own accord,that is what has happened in my area,others have been on stress leave,in hospital,think heart attacks.It's beyond belief,the amount of pressure that is put on them from above.Sell,Sell,Sell at all costs.The lenders that were ethical and cared about their clients have left the business,some with more than 20 years experience,they could see what was happening and didn't want to be part of it.
    I for one fail to see the sense in lending to someone who cannot afford to repay a loan right from the start,it would be a fruitless exercise,for all concerned.
    Yep,I'm a decent,honest bank employee(teller),and I need my job to pay the unjust mortgage we have.
    There are good and bad in every profession,you just have to find the ones that do the right thing.

  • doyla66
    doyla66 Sunday, 03 February 2013

    Banksters only want "YES" people

    How interesting it is to read about the long term strategic plans by Banksters and co. to transform people from being problem solvers and indivualists to "servile, brainwashed minions who simply regurgitate whatever they're told." Students (who are our leaders of tomorrow) are being "dumbed down"
    Banksters only want "yes" people.

    From my own observations during my time working in the finance industry, the people who thought for themselves, were decent and honest, eventually resigned of their own accord, or were "pushed"
    You can only put up with the situation for so long.

    To quote my area manager at the time ... "I get the impression ARREE that you think we are ripping off our customers" I resigned a few months later. (My role was Lending manager.)

  • doyla66
    doyla66 Sunday, 03 February 2013

    You are spot on Arree,Some days I wish I could do the same,unfortunately when you are approaching 60,you have to hang onto your job,I know far too many people of my age,intelligent,hardworking,qualified guys and girls,that no one will take on because of their age.
    We have the same types of area managers,the yes people as you so rightly describe them,climb the ladder at all costs.
    I go to work everyday knowing that I do the right thing by my customers,they always come back to me for whatever reason,mainly because I don't try to rip them off and I am completely honest with them.
    How some of the managers and lenders sleep at night I will never know.

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