I had multiple CDs with Indymac Banks and I was told by the bank representative that my funds were FDIC insured. Now half of my life's earning is gone. Taken by FDIC as uninsured fund. They have even taken out my Child's fund (which was less than 100K limit). I have been waiting for 7 days with no-sleep to talk to one of these FDIC insurance agent...
It's not safe to put money in the bank even if someone says its FDIC covered...
I have talked to Indymac Federal (after FDIC takeover) and now even though they are part of FDIC... They say we don't know why FDIC took your money go talk to FDIC insurance agent. There is no coordination...
No bank for me in the future...
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