Opinion: Why a bank run at IndyMac AFTER the FDIC took control

Bank runs happen before a bank is closed so why did IndyMac have a bank run after the FDIC took control

• There must have been a major breakdown in relaying the appropriate information to the account holders on why the FDIC took the bank over and that all insured deposits are safe
• Reports of ATMs not working even though the FDIC said they were fully funtional
• Reports that Online access was not working contrary to the FDIC information

Bottom line is it was ludicris for anyone to rush down to IndyMac after the FDIC took control to take their money out. Now that the FDIC is the owner of IndyMac, the deposits are in the safest bank in the United States.