BILL WOULD AID DEPOSITORS AT FAILED INDYMAC BANK

Bill would assist depositors at unsuccessful IndyMac Bank
Legislation introduced in the House would retroactively magnify the lifted FDIC insured extent of $250,000 to deposits at monetary institutions which unsuccessful commencement Jan. 1, 2008. Federal Deposit Insurance Corp. Chairwoman Sheila Bair final year unhappy underinsured depositors of unsuccessful IndyMac Bank when she pronounced they would need an action of Congress to redeem income lost when the debt …

Read some-more on Los Angeles Times

Related posts:

1. FRBNY’S BILL DUDLEY: “I CONCLUDE THAT FURTHER ACTION IS LIKELY TO BE WARRANTED”
2. TEMECULA VALLEY BANK, WHICH FAILED IN JULY, DIDNT HAVE RESOURCES TO WITHSTAND COMMERCIAL REAL ESTATE VENTURES, FDIC SAYS
3. FAILED BANKS MAY GET PENSION-FUND BACKING AS FDIC SEEKS CASH
4. BILL WOULD PROTECT CREDIT SCORES DURING MORTGAGE MODIFICATION
5. (AFX UK FOCUS) 2010-03-01 15:35 RUSSIA’S BANKS STILL FACE RISK OF CRISIS-C. BANK REPORT

Tagged as: Act, Bank, Bank Legislation, bill, Chairwoman, Congress, depositors, failed, FDIC, Federal Deposit Insurance, Federal Deposit Insurance Corp, Financial Institutions, IndyMac, Indymac Bank, Insurance, Los Angeles Times, Money, mortgage, Sheila, Would