Comments on: Indymac Sale Press Release…

By: RAJESH

RAJESH — Wed, 21 Jan 2009 06:27:00 +0000

Uninsured Depositors of IndyMac are first in priority to be made whole even before FDIC gets a dime. As FDIC has gotten $14 Billion for IndyMac after putting in $9 Billion, $5 Billion should be enough to cover $270 Million (50% owed to uninsured depositors)

Rajesh Tangri, rtangri@juno.com Cel 408-858-3148

By: rolsto

rolsto — Sun, 04 Jan 2009 02:29:00 +0000

thanks linda. that is exactly what i was looking for.
Brad

By: Linda

Linda — Sat, 03 Jan 2009 16:56:00 +0000

Brad et all,

This article goes into the various ways we can report our losses for tax purposes.

http://www.transworldnews.com/NewsStory.aspx?id=54596&cat=8

Here's some info from the IRS

http://www.irs.gov/publications/p547/ar02.html#en_US_publink100022585

Linda Buquet

By: rolsto

rolsto — Sat, 03 Jan 2009 01:50:00 +0000

Given above, is anyone aware of the tax treatment of “uninsured” losses? As we could be held in the lurch for ? years until the book is closed on outstanding debt, are we locked up on our returns re: offsetting gains with these likely lost funds.
Thanks
Brad