GLOBAL SUB-PRIME CRISIS

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BFCSA
MORTGAGE
DISTRESS SOS

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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BFCSA Blog

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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Retirees bilked of life savings.  Pensioners ripped off with toxic equity loans.  The Major Australian Banks were up to these capers for over a decade whilst ASIC watched life savings burn.  The Senate Inquiry into ASIC revealed how deceitful ASIC and the Bankers had become and how consumers were regarded as cannon fodder for over a decade.  The details of the scandal (thanks to the Senators) are now attracting mainstream media attention and not before time. Ian Narev and his mates at Commonwealth Bank do not understand: An Apology now is a slap in the face for all those whose lives his bank has ruined.  CBA and other banks handed out BAD ADVICE and BAD STRATEGIES to retirees for over a decade.  The Planners were simply following orders.  CBA had distressed developer clients and that aspect needs a ROYAL COMMISSION wide terms of reference.  For CBA to suggest they will appoint...
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