In short, David Barr states that the depositors already saw 50% of funds returned, where the FDIC has been paid back nothing.

Question…Does ALLSTATE make sure it can take your house if it has to replace your auto?

THRIFTS

IndyMac Bank buyers keep tight-lipped on plan for reviving failed thrift

Private investors agree to purchase the bank for $13.9 billion and promise to make the 33-branch thrift a ‘healthy banking institution’ again. How they’ll do so remains unclear.

By E. Scott Reckard January 3, 2009

Private investors closed a deal Friday to buy Pasadena’s IndyMac Bank from regulators, promising to make the 33-branch thrift a “healthy banking institution” again. How exactly do they plan to accomplish that? So far, no one’s saying.