Is the IndyMac Deal a Little Too Sweet?

Posted by on January 5, 2009 · View Comments 

Not for us uninsured depositors!!! Please read this latest article appearing in the The Wall Street Journal this morning Click Here to read. Just another fine example on how the Federal Government and the FDIC are looking out for the interests of failed Indymac Bank uninsured depositors.

Filed under Complaints, FDIC · Tagged with , , , ,

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  • Jim Lombard
    Depositors(including uninsured) are first in line as creditors along with the FDIC rights to subrogation. Does this mean that IF there are any funds left to disperse to depositors we will have to share with the FDIC? They are an insurance group and charge premiums to member banks. They will recoup by presumably charging higher rates. It would not be right for them to share any other proceeds with us.
    Indybank is presently modifying mortgages to certain present customers. They are seemingly getting a break to the detriment of uninsured depositors. We who's deposits enabled the bank to loan money indescriminately get screwed again.
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