I had three accounts at Indy Mac Bank, two CD's and one money market account. I asked if they were all totally insured and was lied to and assured by an officer of the bank that they were. After the bank failed I was told by the FDIC that I was not fully insured. So far, I'm out $120,000. I've been told by other depositors that they were also misled. Something should be done to get our money back. We put trust in the bank and were not told the truth. Could it be they were doing this purposely to entice people to get more deposits since they were in trouble?
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