Pissed Consumer - INDYMAC lied to me about FDIC insurance

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INDYMAC lied to me about FDIC insurance

Jul 22, 2008

INDYMAC BANK complaint by POBROWN36@ZOOMTOWN.COM

When i open my second account at IMB i was told several times by bank employee that my CD and my joint account was both insured up 200k each. it's my opinion that bank managers and their personnel deliberately engaged in fraud. To my knowledge FDIC is not investigating this issue.. they could at least pull the tape of the conversation between the customer and bank personnel and verify what was said to whom. That would resolve many complaints. Fraud has and is being imposed upon the 10k consumers that were riped off by IMB. I've found that some FDIC examiners are not as knowledgeable they should be about what consumers can expect. i.e. future pay out, etc.

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Comments (4)

1. Written by LEROY, on 31-07-2008 16:54

I DONT TRUST FDIC'S ADVICE TO CALL THE CALIFORNIA AG...IT SEEMS LIKE FDIC IS TRYING TO PASS THE BUCK TO AN AGENCY THAT CAN DO NOTHING IN HELPING TO GET OUR MONEY BACK. THE LAST TIME I CHECKED FDIC WAS IN CONTROL OF OUR MONEY THAT IS BEING HELD BECAUSE OF LIES TOLD TO US BY IMB EMPLOYEES. I WOULD LIKE TO KNOW WHAT ROLE FDIC IS PLAYING IN TRYING TO CORRECT A FRAUD THAT WAS IMPOSED ON CONSUMERS BY EMPLOYEES OF IMB.

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2. Written by jgrove, on 30-07-2008 09:19

I guess the rule is, 'everyone lies' and if you don't act accordingly, you'll lose your savings.

I was also told that my CD would be fully insured because it was an ITF account. Now the FDIC's attitude is, you should have known regardless of what the bank told you. I just lost $30,000. I guess I was raised to trust that a bank would not lie.

The FDIC told me to write or call the Attorney General's office in CA. Also to make a complaint to the Office of Thrift Supervision. Does anyone else have any ideas about who to contact and what we can do?

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3. Written by David, on 25-07-2008 08:06

When I opened my second CD account at Indymac I was lied to by Indymac Bank employees regarding FDIC insurance. I added two benificiaries on my account as was told I was insured up to my full dollar amount of my deposit. FDIC however said that one of my beneficiaries on my account was not "qualified" under FDIC. Something needs to be done.

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4. Written by Sorry, on 23-07-2008 13:52

:sigh

Never give a bank more than 100,000 of your money. It is posted clearly on the signs at every window. It doesn't matter what somebody told you. Bottom line is, FDIC only insures up to 100,000 per account. Not sure if that is per person too or not but...

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