So, if you have over $100k in a savings account at one institution, and the bank fails, you run the risk of losing everything over the $100K amount thats insured by the FDIC.
What happens if you have a mortgage with that institution? Do you still owe them?
This guy who had over $100k in an IndyMac Bancorp Inc savings account also had a mortage and:
Shouldn't he be like, "Give me my damn money or I'm not paying my mortgage"?...was hoping to get 50 cents on the dollar above the federally insured limit, with the remainder possibly applied to his mortgage with IndyMac.