Regulators Hasten to Assure Depositors that their Money is Secure as IndyMac is put into Receivership

Federal regulators and Bush Administration officials spent the weekend reassuring bank depositors nationwide that their deposits are secure and, as the ads say, insured by the Federal Deposit Insurance Corporation (FDIC). The public information campaign was launched to quiet fears that were stoked by the failure of California-based IndyMac late Friday. ...