Posts by Zachary Wood77

Walter Thomas18 said:If you actually read my posts, you’d see I’m only saying that the interest rates were the one bad thing banks did, and that they should be punished for it. That is my only point.
When it comes to the principal, it has absolutely nothing to do with interest rates. If you borrow 100 of something, you owe 100 of that thing—plus interest. Principal is one thing; total debt is something else entirely. If you borrow 100 today and pay it back the same day, you’re paying back exactly 100. Once a single day passes, interest enters the equation.

It really isn't as simple as you're trying to make it. Look, if you borrowed Euros, you received the equivalent value in Dollars; over ten years, you might have ended up with more or less the same amount of Dollars for those Euros simply because the Federal Reserve kept the exchange rate stable. With the Swiss Franc, that wasn't the case. The Federal Reserve should have stepped in the moment those Swiss Franc Loans started appearing, because they were essentially speculative products from the get-go. We all know how that story ended—there's a reason the US Supreme Court eventually declared those Swiss Franc clauses null and void.

hollowangler11 said:Man, I’m just sitting here thinking about how that thing crawled right back out from under the rock again...

Is this just more aggressive marketing from the new CEO? 😁

Dr. Dexter said:Everything was strictly legal at the time. Later, under pressure from you debtors, the laws were amended to allow for conversion—all in that classic "socialist" style where everyone shares the burden. Your own mistakes are being footed by the taxpayers, and now you have the audacity to ask them for even more. Your shamelessness knows no bounds, and I sincerely hope the Supreme Court rejects every single one of your claims.

If everything was so perfectly legal, how is it that people who DIDN'T convert are winning their cases in court? The courts have already ruled that those unfair contract terms—specifically the Swiss Franc currency clause and those unilaterally variable interest rates—are invalid. Those of you arguing otherwise should probably look into some legal precedents. As for the conversion itself, it remains a point of contention only for the banksters who refuse to hand back stolen money and protect their precious bonuses. This has been proven countless times through calculations provided by certified court experts. Unless, of course, the experts are also part of some grand socialist conspiracy.

Building on that supposed "legality" of banking practices, those who took out loans in Euros back then are also filing lawsuits because the banks unilaterally changed their interest rates. Unfortunately for the Euro holders, they haven't seen much litigation, likely thanks to shady operators like you.

And finally, can you provide a single shred of evidence to support the claim that taxpayers have paid for anything related to this Swiss Franc mess? Bohaček, is that you?

The attorney I was planning to hire gave me similar feedback; she mentioned her expert witness is currently buried under a mountain of work and wouldn't be able to take me on right now. She also pointed out that any preliminary calculation is purely for informational purposes—essentially just to put a figure on the lawsuit. Once we actually get into court, the judge will almost certainly appoint their own independent expert to handle the valuation anyway.

Through an acquaintance, I’ve been put in touch with another lawyer who doesn't see the point in hiring an expert before the trial even begins. He argues it's an unnecessary expense and insists everything can be ironed out during the proceedings themselves. If anyone here has navigated this kind of legal bureaucracy before, I would truly appreciate your perspective.

Greetings to everyone,

I have finally finished gathering all the necessary documentation, and I am now preparing to file my lawsuit. Does anyone happen to know a reliable attorney in the Cleveland area who possesses specific expertise and deep knowledge regarding this particular matter? If you have a recommendation, please send me a private message. Much appreciated.