INDYMAC and the FDIC

rated by 0 users
This post has 0 Replies | 1 Follower

Top 150 Contributor
Posts 1
Points 5
ndallasj Posted: 07-22-2008 10:41 AM

 Given that the FDIC estimates the cost of bailing out IndyMac at $4-8Billion, why did they offer 50% payments up front for deposits in excess of $100,000?  Anyone with over $100K in an account with IndyMac had to be either greedy (chasing a few BP higher yield), careless, or ignorant.  That limit is well-publicized; why should FDIC partially bail out these folks?

Page 1 of 1 (1 items) | RSS