Confusion at IndyMac fuels customers’ anger

 

Source: Andrea Chang, E. Scott Reckard and Kathy M. Kristof, Los Angeles Times ( Free Registration )

Depositors of failed IndyMac Bank endured long waits in the summer heat for a second day Tuesday, with crowds becoming irate at several branches and customers with large accounts complaining of serious problems in getting their money.

Banking experts said the chaotic scenes risked touching off runs on other banks unless federal regulators quickly cashed out insured accounts and gave depositors accurate information about their funds.

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