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Loan Modification

: Mortgage Lender Implode-o-Meter

FDIC $250k Guarantee Limit Made Permanent; Retroactive to Jan. 1, 2008

By Implode-Explode Heavy Industries

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God bless the United States of Printing Money! This retroactive blanket includes even those caught in the IndyMac bank failure, which we were warning about here from early 2007 -- ``As a result of this action, 9,500 depositors would end up receiving between ten and hundred and fifty thousand dollars, courtesy of a retroactive increase in the "maximum deposit insurance amount to $250,000."''

Full post as published by Mortgage Lender Implode-o-Meter on July 22, 2010 (boomark / email).

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