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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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Subscribe to this list via RSS Blog posts tagged in Bank Junk Products ANZ: an equity finance timeline 25 August 2008 6:39am  If we added up the billions of dollars in losses by innocent ordinary Mums and Dads who trusted the Banking sector and its hangers would see why a ROYAL COMMISSION IS LONG OVERDUE......................Move over Bankers, Consumers are at last breaking down your barriers to Justice.  This email address is being protected from spambots. You need JavaScript enabled to view it. Incompetence rather than malfeasance wears the blame for the losses and management distractions created for ANZ by the losses on equity finance arrangements with Opes Prime Stockbroking and Primebroker.   One equity finance client, Opes Prime (a firm to which ANZ was one of the largest financiers), failed in March 2008, sparking the present controversy. Primebroker Securities failed last month.   ANZ on Friday published the review of securities lending.   Five people formed the review committee: Mike Smith, ANZ managing director; David Crawford, a director of Westpac; David Hisco, managing director of Esanda; Chris Page, head...
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More from our Gladys: SUMMER SCHOOL ASIC 2009 Our program this year is very much focused  on the financial markets and this morning, we will focus on what went wrong and what we’ve learned...........the principals—taxpayers, shareholders, bond holders and so on—are being very badly let down by their agents— the regulators, supervisors, central banks in some cases (not here in Australia I hasten to add), treasuries, CEOs, Boards and so on............ there were many, many things going on over many, many years that basically led toincreased debt versus equity throughout the system........going back to the 1986 tax reform in the US, we also had the concession that allowed things like mortgage-backed conduits to become possible—where the entity wasn’t taxed and could operate like a ‘pass through’ certificate—which greatly encouraged the use of those conduits to make mortgages. They didn’t give that concession to equities and other assets, they gave it to...
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  • doyla66
    doyla66 says #
    Share market usually goes through a seasonal adjustment coming up to EOFY. For all the hype, most are adding to their private go
  • doyla66
    doyla66 says #
    So ANZ boss (and the rest of the Banksters) can go out and sell his shares for millions of dollars to buy his beach side estate, a
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