Posts by frozencanyon14

Jeremy Lee3 said:It’s always the same old story—you basically have to do whatever the prosecutor says and whatever your personal banker tells you to do, assuming the bank even bothers to assign you one in the first place.

The whole hearing was super brief, honestly. It basically boiled down to one thing: did you take out that loan for personal stuff, and did they actually sit you down and explain the massive risks involved with a variable interest rate? You know, those rates that swing wildly based on whatever whim the bank decides, all tied to a Swiss Franc Loan clause. That’s pretty much the whole game.

We filed a lawsuit, won our case, and honestly, we didn't even have to testify.

The fact that people are actually filing lawsuits against banks suggests there’s also another type of foundation out there—basically a firm that handles all the legal battles on your behalf, takes a 25% cut of the settlement, and covers the upfront litigation costs themselves.

I'm sharing this full message from Alexandria on Facebook:

POST-PROTEST UPDATE

A few disgruntled folks are calling for protests again—demanding we take action, complaining, venting, asking if AARP will cover individual legal costs, criticizing how activists work, telling me I’m being too impatient with people, giving me unsolicited advice, you name it...

After spending 12 years volunteering with AARP—after answering at least 40,000 questions about the Swiss Franc Loan via email, DMs, comments, town halls, writing hundreds of articles for various media outlets, doing countless interviews, and representing consumer interests in the US Congress (where I was actually among the top 15 most active representatives based on speeches and activity)—it’s funny how there are still people who just don't get it.

Honestly, anyone else in my shoes would have walked away by now and left it to someone else.

But since I’ve taken this on, I’m going all the way. I intend to serve the public in the truest sense of the word, even though the public can be so demanding, ungrateful, and quick to forget everything anyone has done for them—that mass of people we call "the nation." There's an American streak of envy that's hard to describe without getting into it, so I won't bother.

Anyway, I’ll give a quick recap of what happened following the protest.

We put out a public call for everyone unhappy with the court rulings to join us for the protest on January 4th, and we organized transportation based on interest. We couldn't exactly rent enough buses to carry 500 people if 450 of those seats were going to end up empty, right?

We specifically emailed our members who had previously opted-in to receive communications, because thanks to privacy laws, we don't just blast emails to everyone—only to those who gave us the green light.

In the end, we had 1,500 people show up at the protest. Personally, I was worried we'd have fewer. 1,500 is actually a pretty solid number.

Only about 600-700 people responded to our initial inquiry. We spent quite a bit of money, and the result was really just a slight bump in media coverage.

The judges aren't listening to us even 5% of the time, and don't even get me started on the politicians.

For the record, I was never the lead organizer of this protest—not before, not now, and I won't be in the future. Regardless, I did my part and tried to help as much as my skills and capacity allowed.

So much energy went into this by the activists, and those 1,500 protesters are a real reflection of the kind of society we have here in America.

Out of 125,000 people who were wronged, and 55,000 families dealing with these conversions—of whom 20,000 have filed lawsuits—we had 1,500 people turn up for the protest.

To anyone still calling for more protests, I'd say this: wake up from your winter slumber and realize that Americans tend to be pretty complacent and inert, thinking things will just sort themselves out magically.

Despite everything, the protest was great—well-organized, articulate, and focused—all thanks to the incredible work of AARP.

The Supreme Court will eventually make its ruling; at this point, I only care about *what* the decision is, not *when* it happens. I'm over the waiting game.

If you haven't filed your lawsuit by June 14th at the latest—well, I'll feel sorry for you. I’ve given everything I have, maybe even more than that, just to make sure people understand their rights.

Bark, bark, bark... go ahead and keep howling if you want, but even in a country with a judicial system this broken, people are actually winning their cases—though I'm sure they only get those rulings because they’re just "nice" enough.

To wrap this all up, EVERYONE WITH AN UNCONVERTED LOAN NEEDS TO FILE A LAWSUIT! Personally, I haven't been affected by these specific messages, but please, don't be reckless and leave thousands upon thousands of your hard-earned dollars sitting there in those accounts.

So, I just got an email from AARP—well, the group handling those Swiss Franc Loan issues—and basically, they’re thanking everyone who showed up at the protest and encouraging people to take their banks to court. They said something like this:

In our effort to make the process of getting to court and securing your compensation a little easier, we've set up a dedicated page on our website



We’ve put together a sort of guide there containing everything you might need to know about filing a lawsuit. They even listed some examples of subscription fees below:

Walter Thomas18 said:You are writing nonsense and insisting on it. If you write a lie five times, it doesn't become the truth.
You borrowed a specific amount in Swiss Francs, and you must return that exact amount. You agreed to a Swiss Franc currency clause (it wasn't prohibited, despite what is written or the fact that many don't understand what it means), which means you accepted the risk that comes with it. If the exchange rate for the Swiss Franc had fallen to $0.33 per 1 Swiss Franc, you would have paid back exactly at that rate, not the initial one. Why are you lying or talking about something you clearly have no clue about? When I see what you write, I start to believe some people truly have no idea what a currency clause means. They need a guardian.

You’re honestly acting like you don't get it—we borrowed CHF (nobody is arguing that part), the value of the CHF shot through the roof, and during that SAME PERIOD, the bank kept hiking interest rates (in my case, FOUR different times!!!). And you're telling me that was fine and legal? Well, in our corrupt system, they actually say it isn't. The proof is in the sheer number of people who sued their banks and actually won.

I'LL SAY IT AGAIN: if you haven't sued your bank yet and you were stuck with a non-convertible loan, you better do it, because you're almost certainly going to win.

Let me try to wrap this all up— YOU ALL NEED TO SUE IF YOU DIDN'T CONVERT THOSE LOANS!
Don't fall for that nonsense about how American taxpayers will end up footing the bill if you take action against the banks. Honestly, if you sue the banks, all you're really doing is cutting into their unfairly gained profits and shrinking those massive million-dollar bonuses they hand out to their executives. People are winning these lawsuits in droves. I actually know a few people who went through it—anyone who sued while holding an unconverted Swiss Franc loan came out on top. One acquaintance of mine walked away with $300,000 in damages... just think about how much money is being illegally drained from the economy this way. But what’s truly heartbreaking isn't the money—it's the families who have been absolutely devastated and left without a home because of this. And the worst part? The people hit hardest probably won't even sue because they're just struggling to make ends meet as it is. If we actually lived in a functional rule-of-law nation, this would be handled automatically, and everything taken would just be returned to you.

The other day I was reading about how Silicon Valley Bank collapsed over in the US—and get this—just days before the crash, they were still handing out regular bonuses while facing catastrophic losses, leaving everyone else completely broke. Don't be naive.

Look, let’s not pretend we don't know what happened here. If everything had actually been handled by the book, people wouldn't be walking away with winning court rulings right now. Think about it—you take out a $120,000 Swiss Franc loan, you dutifully pay it down for eight years (on a twenty-year term), and somehow, you end up owing more in Swiss Francs than the day you signed the papers—not to even mention how much worse it looks when you convert that back to USD. "By the book," my foot. We weren't even considered creditworthy enough to get a standard USD loan, but suddenly, miraculously, we were perfectly qualified for a Swiss Franc loan? It just doesn't add up. IF YOU HAVEN'T FILED A LAWSUIT YET AND YOU DIDN'T CONVERT YOUR LOAN, YOU ABSOLUTELY NEED TO DO SO. I filed mine, and I won. My only real regret is that I didn't jump on it sooner to cover the first part of the claim. Honestly, the process wasn't even that long—it took about two and a half years from filing to actually getting paid. Plus, you don't have to worry too much about massive upfront costs, because the lawyer's fee ends up being covered by the settlement itself.

Every single week on the AARP Facebook group, you see someone posting about how they finally won a lawsuit against one bank or another—you know, specifically regarding those non-converted Swiss Franc loans. It’s all over the place. Some people get their money back almost instantly, while others are stuck waiting two years just to see the payout. But honestly? If you're holding onto one of those non-converted loans, you really ought to consider suing... because, well, the wins are definitely there.

@urbantinker8, honestly, you should probably just head over to your doctor and ask for a D-dimer blood test—I mean, those side effects you're feeling aren't exactly nothing, right?

In my county, schools have been doing remote learning for about four weeks now—both elementary and high school. And you can probably guess what’s happening: the daily case numbers just keep climbing. It’s wild, too... you’ll be driving down the road in broad daylight, it’s a beautiful 65 degrees out, and you see a 15-year-old walking around with a mask on. Is that actually sane?

I think it’s pretty obvious if you look at countries that implemented much stricter, longer lockdowns—lockdowns just don't work. In my neck of the woods, the infection rate is spiking because we haven't had much exposure over the last year, so now it's our turn. The moment we step out of the bunker, the virus hits. But honestly, living in a bunker forever isn't an option just to protect that 0.5% of the population who might be at risk... if we go that route long-term, everyone ends up losing in different ways. Right now, our local hospitals are practically empty. Only about 20% of the hospital staff is vaccinated. I think that speaks for itself.

I work in an elementary school, and from what I've seen, when someone in a classroom tests positive, they rarely pass it to anyone else in that room. I know of several cases where elementary teachers were positive—though they weren't actually "sick," if you catch my drift—losing their sense of smell or having a mild fever for half a day, and they didn't infect a single student. I even have a case from a 7th-grade class where one boy, who has a medical exemption from wearing a mask, caught it—but he didn't spread it to anyone else, not in class and not even at home. The whole class ended up going into precautionary isolation after testing positive, but it seems contained.
At the daycare my kid goes to, they occasionally test a child who has a slight fever, and they come back positive. Even then, that child hasn't passed it to any of the other kids so far. I'm sure others have different experiences—this is just what I'm seeing firsthand. I'd say the younger the kids are, the less likely they are to show any symptoms at all.

We should let the younger generation build up natural immunity and just get on with life. If people want to get vaccinated, fine—let them. But let everyone else live normally. And please, stop living under the illusion that a vaccine is some magic bullet that solves everything. It's the same deal with masks; they don't solve the core issue. I mean, the analogy is pretty clear: wearing a mask is like riding a bus while trying to dodge a fly.

rowdyraven292 said:It absolutely makes sense to sue! Shoot me a DM if you want a lawyer recommendation.
You'll definitely need your original loan agreement, and any other bank documents you might have—if you can't find them, we can try to get them.
If the claim against JPMorgan Chase hasn't expired, parts of the claims against other banks might be past the limit, though we can often work around those statutes too.
Either way, if that loan wasn't converted, suing is totally worth it because winning the case is a sure thing!

Could someone break this down for me a bit? If we didn't file the lawsuit in time regarding the interest portion, we're already in hot water—so what happens if the whole thing actually hits the statute of limitations? 🤔