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Old 08-28-2008, 04:28 AM   #7 (permalink)
unlawflcombatnt
 
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Quote:
Originally Posted by Broken5hift View Post
btw welcome to the boards
Thank you.

I think I found the answer to my own question. IndyMac has assets valued at $32 billion. But deposits are only valued at $19 billion. So the FDIC (and their taxpayer backstop) might be on the hook for the $18 billion of FDIC-insured deposits, not all $32 billion of total assets.
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