AARP (and related discussions on Swiss Franc loans) (II)

Hey, quick question if anyone here knows the deal. Does this refund on interest apply strictly to individuals who took out a Swiss Franc Loan for things like a car or a house, or does it also cover Family Farms if the owner took one out for farm equipment?

Cheers

I’ve got no clue how the whole thing actually works, but I started seeing
(basically, you sell your Swiss Franc Loan debt to Inkas)

Might be useful for someone out there

https://swissfrancprotestmovement.com/

THE SWISS FRANC PROTEST MOVEMENT WON! THE SUPREME COURT HAS RULED—THE SWISS FRANC IS NULL AND VOID AND ILLEGAL

I guess this mercenary is basically calling for people who lost money on those Swiss Franc Loans to be discriminated against in court, maybe even suggesting lower courts should start questioning why anyone would take them in the first place.

Heh, just some last-ditch death throes from the banks trying to wiggle out of this one and tip the scales in their favor.

In case anyone missed this...

The Rijeka Court is sending all those negative rulings regarding converted loans back for a complete redo.

Where are all those people now—the ones who used to scream about "You signed it! You signed it!" while jumping down the throats of the big banksters?

I hope this speeds things up rather than dragging them out:

"A FIRST FOR THE AMERICAN JUDICIARY: A NEW PRECEDENT IS COMING. The Supreme Court is set to issue a ruling on the Swiss Franc Loan cases that all lower courts will be forced to follow."

Banks love to pretend they solved the whole overpaid interest issue just by converting the loans. I sincerely hope the Rijeka County Court’s stance holds firm: “The mere fact that parties signed a contract amendment to convert a Swiss Franc loan into a USD loan, and agreed on a settlement amount, does not mean the plaintiffs have been compensated for the difference between the interest paid under the void variable rate clause and the original agreed-upon interest rate.”

I can't help but wonder: will these bankers actually be forced to settle their dishonest and illegal dealings using their own hard-earned assets? Or will they simply declare bankruptcy and leave the government to pick our pockets just to pay back what they stole from us?
To ensure an honest verdict, I suppose the government ought to maintain a comprehensive registry of bank owners along with a full accounting of their personal wealth. There is an enormous amount of criminal activity tied up in these court rulings.
Perhaps this is the only way we'll ever uncover who truly owns these banks while they operate under foreign franchises.
It’s telling when an American working in Austria tries to settle a loan and tells the local officials they have significant savings held at "their" bank back in the States, only to be swiftly dismissed because the local branch claims to have no connection to "that place." It suggests the domestic bank is merely paying for a franchise name, while the actual owner—someone with a questionable past—stays hidden to avoid disclosing their ownership.

Alexander Mitchell4 said:I can't help but wonder: will these bankers actually be forced to settle their dishonest and illegal dealings using their own hard-earned assets? Or will they simply declare bankruptcy and leave the government to pick our pockets just to pay back what they stole from us?
To ensure an honest verdict, I suppose the government ought to maintain a comprehensive registry of bank owners along with a full accounting of their personal wealth. There is an enormous amount of criminal activity tied up in these court rulings.
Perhaps this is the only way we'll ever uncover who truly owns these banks while they operate under foreign franchises.
It’s telling when an American working in Austria tries to settle a loan and tells the local officials they have significant savings held at "their" bank back in the States, only to be swiftly dismissed because the local branch claims to have no connection to "that place." It suggests the domestic bank is merely paying for a franchise name, while the actual owner—someone with a questionable past—stays hidden to avoid disclosing their ownership.

Don't you worry, we are still their favorite cash cow. They can make all the threats they want, but they aren't going anywhere in the US—just look at the interest rates here compared to abroad, not to mention the fees and all those other fabricated nonsense charges.
Once we finally deal with the Swiss Franc issue, those fees and interest rates should be our next battlefront.🤔

Dear colleagues who also held a Swiss Franc Loan, I would love to ask for some advice. I had a variable-rate Swiss Franc Loan during an incredibly short and stressful period before I finally managed to close it out with a different loan (a Euro-based one through a local credit union with a fixed rate, which I am still paying off). Dealing with that old Swiss Franc Loan from Wells Fargo (I eventually paid it back to the heirs of JPMorgan Chase customers) cost me a fortune and even more peace of mind. Given recent court rulings, I’m hoping to recover at least a portion of those losses if it's possible.

The mortgage was for 106,000 CHF, taken out in May 2007 (the exchange rate was $1.50 per 1 CHF, meaning I received 479 $284, with an interest rate of 4.59%), and I paid it off early in January 2013 (the rate then was $2.00 per 1 CHF, meaning I paid back 667 $55, though my interest rate had gradually climbed to 5.80% during that time). My monthly payment rose from 542.77 CHF to 617.79 CHF. By my math, I ended up paying the bank at least 25,000 dollars more than what I originally borrowed, though I'll certainly seek a professional expert's calculation. To clarify, I settled the loan before the conversion options were even made available.

Do I have any grounds to sue the bank, and what are my chances of success? On what basis would be best to file a claim? Also, does anyone have a recommendation for a good lawyer in Washington, D.C., who specializes in these types of cases and works with reasonable fees (feel free to PM me)?

Thank you all in advance for any information, and please excuse me if this has already been covered extensively on previous pages.

Released in May 2017, yet somehow paid off by January 2013??

placidmaker6 said:Released in May 2017, yet somehow paid off by January 2013??

My apologies, I had a bit of a slip of the pen there! What I meant was that I received the funds for my apartment from the bank back in May 2007, and I finished paying everything back (with plenty of interest to spare!) in January 2013.

redpuma24 said:Dear colleagues who also held a Swiss Franc Loan, I would love to ask for some advice. I had a variable-rate Swiss Franc Loan during an incredibly short and stressful period before I finally managed to close it out with a different loan (a Euro-based one through a local credit union with a fixed rate, which I am still paying off). Dealing with that old Swiss Franc Loan from Wells Fargo (I eventually paid it back to the heirs of JPMorgan Chase customers) cost me a fortune and even more peace of mind. Given recent court rulings, I’m hoping to recover at least a portion of those losses if it's possible.

The mortgage was for 106,000 CHF, taken out in May 2007 (the exchange rate was $1.50 per 1 CHF, meaning I received 479 $284, with an interest rate of 4.59%), and I paid it off early in January 2013 (the rate then was $2.00 per 1 CHF, meaning I paid back 667 $55, though my interest rate had gradually climbed to 5.80% during that time). My monthly payment rose from 542.77 CHF to 617.79 CHF. By my math, I ended up paying the bank at least 25,000 dollars more than what I originally borrowed, though I'll certainly seek a professional expert's calculation. To clarify, I settled the loan before the conversion options were even made available.

Do I have any grounds to sue the bank, and what are my chances of success? On what basis would be best to file a claim? Also, does anyone have a recommendation for a good lawyer in Washington, D.C., who specializes in these types of cases and works with reasonable fees (feel free to PM me)?

Thank you all in advance for any information, and please excuse me if this has already been covered extensively on previous pages.

Absolutely. Especially since we're talking about JPMorgan Chase, you have until 2023 to see if they declare everything completely null and void.

If not, you can sue based on the invalidity of the contract terms.

Sent from mobile

The headline says it all...

Timothy Kim9 said:The headline says it all...

Well, if you want to talk about putting pressure on the American judiciary—since they clearly view us as second-class citizens anyway—you could probably just list "pressuring the courts" as a job requirement and nobody would blink an eye.

About 18 years ago, while working as an analyst in London, I accompanied MDem to the Raiffeisenbank headquarters for a deal. They took us to lunch at their own restaurant, only to find linoleum on the floor. That was when I realized they were even more provincial than we are. They truly are.

They’ve finally uploaded the full tender issued by RBA to Index.

To add to my previous point: the fifth largest bank in America can't even draft a decent job posting in proper English. Who exactly gave them permission to operate?

If these judges weren't mentally unstable and easily swayed, this notice wouldn't have been published in the first place.
But they are. That’s why they hold these positions—so they can hide behind their titles since they lack any actual backbone.

They’re finally being exposed; I just hope they keep it up 👍

Even now, whenever I find my way back to this thread, I still expect to see those little pests—the bandwagoners, stipe 22, deere, and the rest of them—just soaking up the glory while everyone else deals with the fallout. But, well... there’s a distinct lack of wind in their sails lately. They aren't anywhere to be found here anymore 🕺

Jerry Wood11 said:They’re finally being exposed; I just hope they keep it up 👍

Even now, whenever I find my way back to this thread, I still expect to see those little pests—the bandwagoners, stipe 22, deere, and the rest of them—just soaking up the glory while everyone else deals with the fallout. But, well... there’s a distinct lack of wind in their sails lately. They aren't anywhere to be found here anymore 🕺

Oh, they'll be back. Mark my words. Once big banks start pulling their money out of the US because of all these court rulings, they’ll crawl right back here with some sob story about how *we* are the ones who broke the entire American banking system.🤣