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The failure of IndyMac is the poster-child of the modern era - losses on uninsured deposits were certainly into the multiple hundreds of millions; it's really t
by NovemberWhiskey 4y ago
The failure of IndyMac is the poster-child of the modern era - losses on uninsured deposits were certainly into the multiple hundreds of millions; it's really that case which prompted the increase of the FDIC insurance limit.
- Asparagirl 4y agoYup. About 10,000 people (well, 10,000 depositors, some of which were actually companies or trusts or things like that, not all people) lost more than $270 million in total uninsured funds that were over the FDIC limits in the IndyMac collapse.