Feds Seize Indy Mac Bank of Los Angeles

In Los Angeles, California, Indy Mac bank had all its assets expunged after being seized by federal regulators, leaving depositors wondering if they'll receive their appropriate funds back. The bank closed down last Friday, but left a note on the outside door explaining the current situation.

If you have an account with Indy Mac bank and it's worth over 100 thousand, than you're only entitled to 50 percent of your funds. If the money is uninsured and the balance is the same amount than your funds are pretty much gone forever. Moreover, if your funds are under 100 thousand the bank will not touch it as the federal reserve protects said assets under that amount. Indy Mac bank currently has 10 thousand customers whose accounts aren't insured.

So you only receive half the money you earned if it's insured, and if not you're just screwed? 

Yes, you heard correctly. So, I'm assuming that the feds didn't figure out how customers were going to feed their families, pay their bills, or go to work? What was the thought process?

Peter Viles Senior Producer of Real Estate at LATimes.com stated, "You bank at your own risk, and all customers should have known about the risk before they took the account."

How are you taking a risk when you don't even know what the risks are?

Has anyone ever read in their bank brochures, that when opening an account your funds are subject to appropriation should the country be in economic dire straits? No? If not, then it's stealing. If you didn't ask permission to have it than it's stealing.

Has this always been the operation of banks in America? Do the current bank systems replicate historical ones?

In 1924 the American banking institution was established by two men: Fritz Thyssen; a sponsor for Adolf Hitler and Averell Harriman; a confidant of the Bush family. They created an international investment firm titled Union Banking Corporation; the bank was used as a coverup to launder money to German Nazis for the purchases of weapons, publicity/propaganda, dozens of US Senators, Congressman and newspaper editors. 

In 1926 President George W. Bush's grandfather Prescott Bush, became President of Union Banking which was controlled almost entirely by men who belonged to the infamous "Skull and Bones" secret society group at Yale University.

The concept of having a bank was simple to the two men that began it. 

Banks would be a place for people to deposit their money for safe keeping, and in return the bank charges an interest fee to the customer. The customers funds can be loaned to businesses, governments, and men of means, at a high rate of interest. This same money, your money, can be loaned to those who own the banks at zero percent interest rate and it doesn't have to be paid back. 

So in a nutshell banks are risk-free moneymakers, but only for those who own the banks. If a bank is bankrupt or seized (ie, Indy Mac bank) than only depositors lose out on their money; not the owners.

Does the downturn in the economy piggyback off of a particular vision of a certain group? 

This group it would appear encourages destruction and suffering to exist amongst the American people. Lies and confusion it would seem are used as a distraction, blinding us to the aggregation of extreme wealth (corporate welfare) finding its way into the hands of a few. 

The "taking" of jobs, money, homes, education, and healthcare; to retain power and control is like a blood-sucking vampire trying to suck the life out of you until nothing remains. It's reminiscent of slavery.

So what if the American people decided to withdraw their funds and put it elsewhere? 

Big banks can't exist without money and government can't exist without taxpayers. You hold the power.

Phil Gramm a top McCain Adviser commented that, "The American people are in a mental recession." 

Really? Is it only mental to Republicans because they're so rich and can't comprehend the struggles of those that aren't so rich?

Americanites! Research your banking institutions and if you find them to be sub par, make arrangements to put your funds elsewhere. 

2008 LA