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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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ICELAND Arresting It's Corrupt Banksters

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Iceland Leading the Way


Iceland’s special prosecutor into the banking crisis has confirmed that raids have taken place today and that arrests have been made. The Central Bank of Iceland is among the institutions under investigation.


Special Prosecutor, Olafur Thor Hauksson told that house searches are taking place in at least three places today as part of investigations into the central bank, MP Bank and Straumur Bank.


Stefan Johann Stefansson at the central bank confirmed that agents were in the building conducting searches; and it has also been confirmed that searches are underway at MP Bank and ALMC (formerly Straumur).


An ALMC spokesman said that the premises are indeed being searched and that the bank’s staff members are doing their best to help.

In other news, four people have so far been arrested today in connection with the special prosecutor’s investigation into Landsbanki.


One of the arrested parties is Jon Thorsteinn Oddleifsson, former Landsbanki treasury boss; and it is not yet known who the other three are.

According to sources, the arrests concern a brand new section of the wider case against the bank and are not directly connected to searches and arrests made last week.

Read more:

More Arrests

Iceland Prime Minister's Address to the Nation

I know that the news is few months old, but at least it is become more widely known.  How strange to think that I country like Iceland is leading the way...


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  • doyla66
    doyla66 Friday, 03 August 2012

    Old news or not, this is great news, STM!
    It fortifies us to know that we are not alone in our insights and actions.
    Iceland has led out from the pack after the bankers destroyed their economy.
    A tiny nation they set out to right the wrongs and seek justice for their people.
    They're setting a good example to others who may have the honesty and courage to do the same.
    Many economies are in worse shape than their leaders are admitting. Finance people have bent the figures for years so no one knows what is the truth anymore.
    It's called "obfuscation" people and it's designed to make you turn away, saying it's too hard, and look for the crosswords or comics in the newspaper.
    In my world it's money in, money out with more out than in for my entire life. No dodgy figures and fuzzy logic, just simple basic facts. And so it is for most of us who arrive at the BFCSA. Broke is broke, that's our bottomline.
    I'm looking forward to an Australian government putting their focus on the people, acting ethically for the people and concerning themselves with how the world sees us for our model of decency in debt resolution, our refusal to be part of the corrupt international banking system and our willingness to strike out on our own as a brave and independent nation.
    Just like Iceland.

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