Comments on: When does “enough” become ENOUGH?

By: Maya

Maya — Fri, 11 Dec 2009 00:08:18 +0000

Please dont give your views when you dont know the facts. We were told by the bank manager our hard earned money was 100% FDIC insured. When we opened a 2nd account, the manager told us it made no difference whether it was joint or seperate so long as there were 2 different account numbers. Even as far as beneficiaries, we were told we could have the same beneficiaries. We trusted the bank manager – i guess that makes us lazy! It is amazing how envious people can be – just because we have money – so according you – it serves us right to lose it. We want our money that belongs to us. We dont ask for handouts, umemployment, welfare. We earn an honest liviing and we work hard. Unfortunately, we were dealing with a “lazy” , stupid, uninformed bank manager and in the end we got screwed. A lot of the 10,000 people were senior citizens who believe in the American system and trust their banks and the people who work there. You are certainly a heartless person

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By: Sarah

Sarah — Thu, 10 Dec 2009 23:22:56 +0000

You are missing one crucial point, FRAUD. I definitely support Rep-Dreier that it is only fair to include the Indymac victims and retroactively apply the $250,000 insurance coverage to make most of the depositors whole. These people want to fight to get back money that was wrongfully taken. There were many bank employees that did not understand the FDIC coverage and provided the wrong information. But the most important factor is that there was undeniable fraud going on and the regulators allowed the bank to cook it’s books. The depositors should have been first in line to recover losses when the bank was sold for pennies. There are many senior citizens and hard working low/middle class citizens that lost their hard earned money. Please look into the fraud related to Indymac and you will see why these depositors are demanding their hard earned money back.

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By: Michael Hanrieder

Michael Hanrieder — Thu, 10 Dec 2009 22:21:20 +0000

As one of those “lazy people” I would like to point out that I was called by IndyMac employees and told that with new regulations I would be covered to $250,000. When I went in, I confirmed with both a new accounts rep AND a branch manager and AGAIN was told I would be protected with NEW structures in banking to $250,000 with naming my son on accounts. Only after the run caused by Barney Frank-the bank was not on any watch lists-did I find out that they were not insured. The simple rule is 100,000 per name-NOT! The bank could not even find my signiture card-the way FDIC proves how account was set up. It has since been proven that the banking oversight was asleep at the wheel. The only bank to be affected and not purchased in whole was IndyMac. The bank was later sold to an investor who made major contributions to politicians. Even if half of the loans were in default the bank still would have remained profitable over the course of the loans. Smells fishy when you sell a bank with hard assets for pennies on the dollar to someone who pays thousands of dollars to have rubber chicken with you. Washington DC is corrupt and this deal proves it once again. The old IndyMac is profitable with a new name and no other changes. Hmmmm

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