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Is Your Money Safe in the Bank?
Posted by:rutgerskevin 1407 days ago • Discuss • http://redstaplerchronicles.com
On Friday, IndyMac Bank’s assets had to be seized by the FDIC after the bank went into failure. IndyMac was the second largest financial institution to close in U.S. history. So what happens to all the people that had money in this bank? Since the FDIC had insured the bank, all the money will be safe, right?
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