BFCSA Blog

Are you in the front line of negatively geared loans - mortgaged up to the eyeballs?  email me urgently............  Just remember: Mr Charles Ponzi's greatest white collar crimes were perpetrated on 50,000 victims including the Boston Police Force, whilst he was a BANKER in the late 1920'S.   This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.theage.com.au/national/on-the-brink-of-collapse-20081213-6xzw.html <http://www.theage.com.au/national/on-the-brink-of-collapse-20081213-6xzw.html>  ON THE BRINK OF COLLAPSE National Date December 14, 2008 James Kirby Home owners may be in the firing line, but right now investors who followed "borrow up to the eyeballs" advisers are in the deepest strife. THE rotten thing about this downturn is that the market is tracking a lot worse than the economy. That means investors — those who actively tried to take part in the boom — are in the front line. Sure, economists are forecasting 300,000 home owners may be facing "negative equity" (that is, their mortgages will be bigger than the value of their homes)...

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100027691/chinas-terrifying-debt-ratios-poised-to-breeze-past-us-levels/   China’s terrifying debt ratios poised to breeze past US levels Last updated: July 22nd, 2014 By Ambrose Evans-PritchardEconomics The China-US sorpasso is looming. I do not mean the much-exaggerated moment when China’s GDP will overtake America's GDP – which may not happen in the lifetime of anybody reading this blog post – as China slows to more pedestrian growth rates (an objective of premier Li Keqiang.) The sorpasso may instead be the ominous moment when China’s debt ratios overtake the arch-debtor itself.  I had presumed that this inflection point was still a very long way off, but a new report from Stephen Green at Standard Chartered argues that China’s aggregate debt level has reached 251 per cent of GDP, as of June  This is up 20 percentage points of GDP since late 2013. The total is much higher than normal estimates, though it tallies with what I have heard...

Lisa - Posted on Wednesday, September 18, 2013   Agree, Nanna. How many other times have NAB said we can't find it and then the paperwork turns up after the court case and after repossession, like they're flaunting their power over their former clients. Shred? I'd want to grind their faces into the dirt for that sort of sadistic behaviour. NAB and CBA deserve everything and anything people hurl at them. They are just like the scum of organised crime. We may as well have a Squizzy Taylor running ASIC for all the use the "corporate cops" have been in restraining, disciplining and sorting out these oversized Bank leeches! Customer care? - it's a great big joke to them. Smug bastards. May their CEOs rot in a small grey dripping cold hell for long enough to discover what remorse actually feels like. and this: Medcraft was a choice for the investment corporations....

The Global Financial Crisis 2008 became the start of the appalling discovery of criminal activity by Lenders in a greed driven bid to gather assets under their control.   Controlling Governments had been going on for decades, yet the actual preying on vulnerable citizens reached fever pitch by the time the United States and the UK felt the brunt of the GFC.     Since that particular defining moment in the history of global trading by bankers in an unfettered deregulated market, evidence of mass looting became apparent to economists and regulators, yet all were on song suggesting "despite our expertise and being paid to keep watch.....we DID NOT SEE THIS (the GFC) COMING."    Yet reports and discussions were called for, as far back as the nineties.  Those reports languished on dust laden regulatory shelves for close to 15 years. Next came the accusations of Government cover-ups across each nation infected...

Dear Rupert,  By trying to use your media stronghold in Australia to manipulate how people vote is not very clever.  It is showing your Bully Boy tactics once again and, the United Kingdom has shown they have indeed had enough of your nonsense: cheating, lying to Parliament, thumbing your nose up at anyone that disagrees with you.   Your own arrogance cost a lot of decent UK people their jobs.  Now you want to meddle in the election of Government for Australia?   You are using Freedom of Speech as a weapon created by an obvious dictatorship mentality that you believe is your birthright.  Sorry, Mate but it's not a good look.  In fact the entire episode is an embarrassment to those you support. Had you used your influence to dig into the world wide Banking Cartel that created dirty mortgage loans, developed with matching inappropriate lending practices (more cheating) you...