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What BFCSA Does...

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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To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

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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 Causes of Sub Prime Crisis
Hedge funds need regulating like banks to avoid financial instability, argues Penny Neal....Penny Neal is a Lecturer in macroeconomics, banking, and financial markets at the Flinders Business School, Adelaide.  Causes The immediate causes of the subprime mortgage crisis were the extremely low interest rates available from 2001 through 2004 and the poor quality of the loans that flowed from those rates. The US Federal Reserve reduced interest rates in response to the ‘tech wreck’ of 2001, which followed the dotcom boom of the late 1990s, and again reduced interest rates to steady market jitters following the September 11 terrorist attacks. The European Central Bank also reduced interest rates around this time, to deal with a slowdown in Europe. In 2003–04, the Fed was concerned about the threat of deflation and so further reduced rates in the US.   Lower interest rates meant there was a lot more money sloshing around in the...
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