swandown said:pj737 said:Sure, but something is to be said about the promises made to customers and the statements made by the press (whom was surely informed by Indymac Federal). That's all I was making light of. The article on CNN clearly stated that the money HAS BEEN returned to the customers

Look, I'm sorry that you had a bunch of uninsured money in the bank, but you gotta learn to read. Here's what the CNN article says:

So far, the FDIC has managed to return more than half of the $600 million to IndyMac customers with uninsured deposits.

Just because YOU didn't get your money, doesn't mean that the CNN article was wrong.

Ummm, sorry that I have to come down on you but maybe you should learn to read and UNDERSTAND what you read.

FROM THE ARTICLE - Based on updated figures from the FDIC, just $600 million in deposits were uninsured, an FDIC spokesman said Wednesday, confirming the news that was first reported by the Los Angeles Times.

That's down from the $1 billion estimate the Federal Deposit Insurance Corporation initially gave when federal regulators first took control of IndyMac on July 11.

So far, the FDIC has managed to return more than half of the $600 million to IndyMac customers with uninsured deposits. Those depositors, which ranged from individuals to non-profits to businesses, could get additional money back when the FDIC sells the bank, said spokesman David Barr.

So the article clearly states that HALF of the $600M, ALL OF WHICH WAS UNINSURED, HAS BEEN RETURNED TO INDYMAC CUSTOMERS. And they may get additional funds (representing the OTHER half) when the FDIC sells the bank.

Next time, read the article a little slower before you jump to insult someone about their reading skills.

sechs said:pj737 said:it was my fault for not checking my account online to insure that the deposits were taking place
I can see why you'd blame the FDIC....

I'm not blaming the FDIC for the deposits that took place which put me over the insured limits, I am blaming Indymac. If Indymac just did what they were SUPPOSED to do and what they TOLD ME they would do, I wouldn't have had a dime in uninsured funds in my account, and thus would not be having this problem. There was no reason for me to check my account to insure the deposits were still being made as they were before I switched account types. The interest was moving into another bank via ACH before I switched account types and there was no reason to think that it would stop - especially when the bank ensured me that the ACH deposits would continue. But I'm kicking myself for not being as vigilant as I should have been. I shouldn't have put an ounce of confidence into the people at the bank. That's where I went wrong.

I'm just setting the record straight that the FDIC has NOT returned ANY funds to those not insured as of now, despite what the media is reporting.