On Wednesday 7/09 I tried to access my account with Indymac, I kept getting a timeout error and could not log on to get my money out. I could not get through on the phone. Finally late Thursday someone told me the system was overloaded, nothing to worry about though, keep trying and you should get through. Friday comes still can't get on, can't get anyone on the phone, bank closed by FDIC rest is history. If it was a local bank I could have gone done there and gotten the money out. So now I stand to loose $50K.

I received a loan from Indymac Bank in 2006. I was told at the time when the house was appraised that it was fenced (not, cost me $1, 800). When the loan was ready to be signed I was told the interested would be re-adjusted once I got to AZ, I was living in TN. When I inquired about it they acted like they did not know what I was talking about. I filled out an application for hardship and every time I called they told me something different and could never talk to the same person twice. I'm not surprised they fell. I will be taking legal action against the company and the loan they gave me. This should be aganist the law!

I am writing to let the general public know how corrupted the U.S banking system is.

I have two cd accounts at Indymac. I was repeatedly told by Indymac employees that they are fully covered by FDIC. I even have something in writing from 7/8/2008 stating my funds were all insured. Yet, I just found out today that a significant amount of my funds were not covered. I am divested. I worked so hard so for the money and now they are gone overnight. And the worst part about it was, I tried to add joint account holder or beneficiary to maximize my FDIC coverage just few days before they closed, but did not do so because two Indymac bank employees told me my funds were already fully insured.

I want all Americans to learn from my mistake and know that their money is not safe with banks. The funds may not be FDIC insured, even if their bank tells them they are. The U.S banking system is totally corrupted. Whether Indymac bank employees lied to us intentionally or they just did not understand FDIC coverage. Banks cannot be trusted! US banking system cannot be trusted!

As of now my VA load through Indymacbank has been going on for a year. We have now gone through 7 appraisals and the requirement keep on changing. Seldom are any phone calls returned and we are always getting surprised by the total lack of caring on the reprehensive of Indymacbank. For example in a good faith estimate we had a closing cost of $3000. Now we received documentation (unexpected may I add) that the closing cost is well over $25, 000. Totally absurd seeing there were no buy down points.

Documentation that we sent was lost constantly and we discovered that several files were open and disorganized. Promises were made constantly and never met. The owner and the realtor are now at wits end and like myself find it difficult to believe the total incompetence of all of the staff at indymacbank.

For once we would like to see just a little of integrity and honesty with the people who appear to be having fun destroying our personal lives. In speaking with other people who have processed similar home loan with the same conditions it happened quick and expected the only difference they never went through Indymacbank.

No matter who you call or who you E-mail you are always blown off and again a resolution never found. Even posting a real comment here will most likely never have any action taken nor will I ever be notified. It is however my hope that someone will read this and take another route to getting their home financed to avoid the months of frustration and aggravation that we have been forced to endure.

No one should be treated as horrible as we have with total disrespect. It makes one believe that the VA benefit for those who served is designed never to be used. This is our thanks.

I tried to open a CD with them this afternoon. The phone rep didn't know the rates, and when he obviously had difficulty with the simplest details, I asked where he was located.

When he said "India", I thought for a moment and told him I was no longer interested.

I then tried to contact the main office directly. Their phone system is the phone system from ***. You go round and round and never talk to anyone.

When I finally did reach someone, I asked to speak with the Operations VP because I would like to register a complaint about their terrible customer service. I got transferred, but guess where? You guessed it, back to the phone system from ***.

According to their own web site, their stock was trading at something line $0.60 cents today and that was down some 24%.

I think it's pretty obvious that the wheels are coming off this bank.