Financially Secure Banks

ellemenope
Sat, 19 Jul 2008 22:08:16 +0000

If it was Ohio in the mid 80s, those were savings and loans which weren’t FDIC insured, but were insured by the state. Some of those saving banks never reopened, although all depositors “eventually” received back their money. Oftimes, the money came from the state, which took its time paying. If IndyMac is any indication, the FDIC was ready to issue checks the next day to depositors who wanted their money out.