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10,000 Potentially Uninsured Depositers @ IndyMac

Posted by Sean | July 12, 2008 .

IndyMac failure was not surprising, but I’m surprised how many people are outside FDIC.
At the time of closing, IndyMac had about $1 billion of potentially uninsured deposits held by about 10,000 depositors. The FDIC said it would pay those depositors an advance dividend equal to 50 percent of the uninsured amount.
That means an average of [...]

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