Here’s a quote from someone who unwillingly transferred their hard-earned money to mortgagors who played the system:
Diane Klein isn’t sure what she would trust more to hold her money — IndyMac Bank or a hole in her backyard.
The retired teacher is among hundreds of people who have crowded outside IndyMac Bank branches across Southern California this week, many waiting hours in line to withdraw their funds from the failing bank that was seized by federal regulators.
“Once I get in the door, I’m going to get every penny I can out of there,” Klein told The Associated Press while waiting in line outside the bank’s headquarters in Pasadena. “I’m going to bury it in the backyard.”
Klein originally chose IndyMac for its high interest rates. She said her account has more than the federally insured limit of $100,000 and didn’t want to risk losing any of it.
“I worked my whole life for this money,” she said. “It’s kind of scary.”
