GLOBAL SUB-PRIME CRISIS

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BFCSA
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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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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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The best way in which ordinary citizens can deal with corrupt regulators, is to do your own investigation and then marry that evidence with 1200 other citizens who are also subject to the same practices of mortgage and bank fraud. You then gather the documents together.  Add in some damaging emails sent by banks to the 20,000 strong broker channel and then hold your own BIG REVEAL exhibition online.  Because we know there are $100 billion in Low Doc Mortgages according to the RBA and, due to surveys we know there are 10% toxic FULL DOC loans,  we simply use the average $600,000 JUMBO loans to pensioners and low income families and suggest a wide exposure of some 200,000 families to this scandal.  Is there anyone that doubts this is a scandal of magnificent proportions? What happens to our Economy when the dam breaks?  Refinancing has dried up.......oops.  That means no more buffers.  Banks have an image problem?...
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  • doyla66
    doyla66 says #
    Thankyou, Denise. Very helpful information. Just like ASIC, some borrowers who are first time investigators can suffer from an e
  • doyla66
    doyla66 says #
    Just a few of the many helpful BFCSA postings available on this subject ... http://www.bfcsa.com.au/index.php/entry/cba-agm-sydne
  • Denise
    Denise says #
    IF your Bank sends you an unsigned electronic copy of the LAF. Ring them again and say "I want the FAXED copy of my LAF sent from
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"It is not necessary to bury the truth. It is sufficient merely to delay it until nobody cares -- Napoleon Bonaparte" This must have been the motto of the Australian Public "Masters" for years! The unelected have run the country. Look at the results. More bureaucracy and less democracy. That's how they created "stability" - a hung parliament is the perfect justification. And nothing really changes beyond the window dressing. "Great coats on - great coats off"... Their objective? "Maintain the status quo and our positions and pay rises, our power and security ie. basically more of the same while politicians come and go. We run this country - forget that at your peril. Don't call us/treat us like public servants." And they're nasty if you try to threaten them in any way - not really nasty publicly, of course. It's all behind closed doors - that's how political power works....
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  • doyla66
    doyla66 says #
    well said Lisa... where can we find ?? "... a team of highly motivated and committed people with the experience and persistence to
  • doyla66
    doyla66 says #
    Well said, Arree. They usually employ consultants to investigate or create changes. But very little ever changes for any length o
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  29 Jun 2012 - Good reading and video at: http://barnabyisright.com/2011/06/29/rba-says-our-banks-are-stuffed-in-other-words/#comments   Yesterday, RBA Assistant Governor Guy Debelle indulged in some MOPE.   Management Of Perceptions Economics.   Lies, deceit, and propaganda, in other words.   But for those with an ear to hear, and an inclination to check the “authorities’” claims, what he really did – unintentionally – was to give us a heads up.   That our Too Big To Fail banks (TBTF) are going to get bailed out, sooner rather than later.   Go grab a modest quantity of your favourite beverage, and settle in.  You are about to learn – in detail – why we cannot trust a word the banksters say.   Ready?   Now as expected, the mainstream press all lazily parrotted the “everything’s fine, move along, nothing to see here” headline that Mr Debelle wanted. Here’s a good example, from the nations’ “premier” newspaper:...
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  • doyla66
    doyla66 says #
    "why is the Australian taxpayer on the hook to backstop the banks?.." Why not change this scenario around in favour of the tax p
  • doyla66
    doyla66 says #
    Lisa, 'you're a woman after my own heart', but would you be employable to the press? Hmm, let me think......computer says, "no" r
  • doyla66
    doyla66 says #
    A big read Lisa. Keep them coming.
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