Can I get my uninsured money back from Indymac?

Question

I have two cd accounts at Indymac. I was repeatedly told by Indymac employees that they are fully covered by FDIC. I even have something in writing from 4 days ago. Yet, I just found out today that $25000 of my funds were not covered. What should I do? I am so worried that I can't sleep.

Answer 1

FDIC coverage is for the first $100,00 per person.  For $25,000 of your funds not be covered, you would have to have had at least $125,000 on deposit.

This weekend only:

1) Money at Indymac can be withdrawn at an ATM machine.  Of course, you cannot withdraw $25000 at an ATM at one time and you cannot access a CD at an ATM.

2) No Indymac branches are open.

3) You can write checks.  Of course, this does not apply to a CD.

Starting Monday:

1. Branches will be open.  

2. It will be business as usual for the most part.

3. Deposits up to $100,000 per person are insured and will not be lost.

4. Anything in excess of $100,000 per person may or may not be lost.

Answer 2

you'll be fully paid within about 6 months. if not, simply begin to leaflet and you'll be paid sooner. I passed out 4,200 flyers in front of the Federal Reserve Bldg. When a camera crew showed up on my 4th day, a man invited me in (without the media) and I was issued a check for all my funds, within one hour...but had to sign a waiver of commercial rights, so I couldn't speak or write (fpr profit) about the transaction. The Feds can't take spotlights, cameras or microphones. Uncle Sam is allergic to nakedness and panic. Use it to your advantage.

GOOGLE: "too big to fail"

Answer 3

You don't pay for that insurance, so there isn't any of YOUR money, to get back.

FDIC limits the amount of coverage on any account at any one bank to $100,000.  Pull out any money in excess of that, and put it in a different account.

Answer 4

I read in the news that FDIC may pay 50% of uninsured deposits until they figure out what assets they have and amount owed to secured creditors.

Answer 5

CD accounts are covered up to $100,000 total.  What is the amount you have in deopsit accounts total?

Answer 6

Are they in the same registration?  Meaning just your name or are they different?  Is either a retirement Account?  This could have an impact on your results.  The FDIC has a web page.

http://www.fdic.gov/bank/individual/fail...