PlusFDIC Says Deposits in Failed Bank Are
'safe'FDIC Says Deposits in Failed Bank Are
'safe'The Associated PressTwo days after the
Federal Deposit Insurance Company took over
California based IndyMac Bancorp Inc., an
official says the bank will reopen Monday for
business as usual. (July 13)This video
contains ONLY natural sound. No script is
available. Tags :indymacfdicsaysdepositsfailedbank'safe'
You write a check, the money leaves the
account the next day. But you deposit a
check, it could be a week before you get the
credit. Is it fair? Uncle Sam seems to think
so. Tags :Bankdepositnewsmoneycheck
Hello... Welcome to Employment Crossing
News... I'm Evangeline Fabia.
America's Banking crisis has workers all over
the country worried... if their Savings are
at Risk.
IndyMac became the largest regulated thrift
to fail bank and reopened Monday with a new
owner, the Federal Deposit Insurance Corp.
also known as FDIC.
The subprime lending issue surfaced almost a
year ago, leaving financial institutions and
regulators scrambling to contain the damage.
The FDIC insures bank deposits up to $100,000
dollars per individual and up to $250,000 for
funds in retirement accounts such as in an
IRA.
Sheila Bair, FDIC chairwoman said that
Insured deposits are absolutely safe. The
banking system as a whole is absolutely safe.
How to find out if your money is insured,
visit the FDIC website at
www.FDIC.gov/deposit
And visit us at Employmentcrossing.com. I'm
Evangeline Fabia... thank you for watching
Employment Crossing News.
http://www.employmentcrossing.com
### Tags :FDICBAnkBankingCrisisisyoursavingsatriskworkersworriedabouttheirIndyMacBankDepositsofaresafeupto$100000
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