Well you were right in your assumptions - IndyMac is dead as of yesterday - Sat 12 July 2008, seized assets via the fed reserve. There are people that didn't get the news and can't get their money out. Any amounts over the insured is gone...stolen by the fuckin' bank!
You are correct, any amount over $100,000 will not be insured even if deposits were placed in an FDIC insured account (which includes savings and checking accounts among others). Investment vehicles, most of which are wiped out. But then again, Most of the large depositers already pulled their funds out weeks ago, which is why I was able to post my video beforehand.
You just have to watch odd "movements" in the marketplace, and of course a few friends "here" and "there" always help
Thanks for posting this video! Barely a week after you posted this video, IndyMac bank failed and has been taken over by federal regulators! I agree completely with you, we get garbage news broadcasts in the U.S. that report fluff news with little meaningful detail and content. Dumbed down news for people with short attention spans who crave gossip and junk news. Thankfully, we have foreign broadcasts like this to get real news from!
Any jackass that has more than $100,000 cash laying around in ONE account should have their ass handed to them. Ever heard of spreading risk?
smithraymond 3 years ago
They did the same to Netbank last year after the blackrock bailout. All investors got f***ed.
ficote72 3 years ago
Well you were right in your assumptions - IndyMac is dead as of yesterday - Sat 12 July 2008, seized assets via the fed reserve. There are people that didn't get the news and can't get their money out. Any amounts over the insured is gone...stolen by the fuckin' bank!
housechores 3 years ago
You are correct, any amount over $100,000 will not be insured even if deposits were placed in an FDIC insured account (which includes savings and checking accounts among others). Investment vehicles, most of which are wiped out. But then again, Most of the large depositers already pulled their funds out weeks ago, which is why I was able to post my video beforehand.
You just have to watch odd "movements" in the marketplace, and of course a few friends "here" and "there" always help
StandardJohnDoe 3 years ago
the real news network here on youtube aint too shabby a news channel. check it.
anarchybro 3 years ago
Thanks for posting this video! Barely a week after you posted this video, IndyMac bank failed and has been taken over by federal regulators! I agree completely with you, we get garbage news broadcasts in the U.S. that report fluff news with little meaningful detail and content. Dumbed down news for people with short attention spans who crave gossip and junk news. Thankfully, we have foreign broadcasts like this to get real news from!
JoeDebtor 3 years ago