Piece in the local Blatt this AM on the takeover of IndyMac by the Feds said around 10,000 depositors had accounts over the FDIC insured limits.
While its hard to believe that many people were unaware of the collapsing financial industry, the piece said they were getting half of their deposits, with any more presumably subject to later decisions.
While its not a problem for me (unfortunately!) you might wish to check your own accounts, and check with any friends or relatives, especially with any that haven't been following this situation, in the mistaken belief it's simply a Wall Street problem.
While its hard to believe that many people were unaware of the collapsing financial industry, the piece said they were getting half of their deposits, with any more presumably subject to later decisions.
While its not a problem for me (unfortunately!) you might wish to check your own accounts, and check with any friends or relatives, especially with any that haven't been following this situation, in the mistaken belief it's simply a Wall Street problem.