HARMAN, DREIER “InDY ACT” PROVIDES RETROACTIVE PROTECTION FOR INDYMAC DEPOSITORS Congressional Desk

American Chronicle echoes the same message about the Press release on behalf of Congresswoman Harman and Congressman Dreier.

A couple of nice quotes here:
“Our bill will restore to IndyMac customers what they suddenly lost in July 2008, and treat them as equals to other Americans whose savings were swallowed by the economic crisis,” said Harman. “Congress can make these people whole again. We have spent a trillion dollars bailing out Wall Street, the auto industry and banks. It´s time for more help for Main Street.”

“Seeking fairness for former IndyMac depositors has been a priority since the bank´s takeover in the summer of 2008,” Dreier said. “Their losses were no less difficult and no less tragic than those that occurred later that same year. It is only fair that the families and small business owners who kept their savings with IndyMac receive the same protection as those who lost funds at other financial institutions but were covered by the higher deposit insurance amount.”

To read the American Chronicle article, Click Here.