The Federal Deposit Insurance Corp. posted on Friday two new items on its Web site, one a link to help depositors of any failed bank after July 1, 2008 determine how much of their money is covered in case of a bank failure and the other directly aimed at IndyMac Bank customers, some of whom made a run on the bank last week that was reminiscent of the bank runs in the 1930s.
Of course this feature that it has unveiled to IndyMac customers comes a full week after the Office of Thrift Supervision shut down IndyMac and appointed the FDIC the conservator of the failed California-based thrift.
The FDIC has taken some heat for its handling of the failure of IndyMac. Maybe that’s because it took it a week to post this handy information.