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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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Debelle Says No Risk of Housing Bust at MFAA conference 26/6/2012

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From: http://www.macrobusiness.com.au/2012/06/debelle-says-no-risk-of-housing-bust/

This report from Macro Business (26/6/2012) is short but the comments below it are well worth reading. They include references to the June 2012 articles by Anthony Klan and the court decisions against the Banks, plus opinion from brokers and others.

The updated link to the Podcast of the MFAA Adelaide conference contains a recording of the Panel discussion and a transcript in slides. 

Remarks by Guy Debelle, assistant governor of the RBA, were also reported in Property Observer: http://www.propertyobserver.com.au/news/housing-market-worries-not-keeping-me-up-at-night-rba-assistant-governor-guy-debelle/2012062655277

As jimbo (MB) commented:

 "Why would the bubble keep him awake at night, with his recession proof job, $300K gig and borrowings at well below market rates (if he has any)?"

 

 

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Guest Wednesday, 20 January 2021