>>That's a scary article.
>>
>>>http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=amZxIbcjZISU
>
>Don't worry about Horn. She'll be all right, as will most of Pasadena, California-based IndyMac's 200,000-plus customers.
>
>That's because the FDIC, created in 1934, insures all accounts up to $100,000 at its member banks, and it has never failed to honor a claim. The people to worry about are U.S. taxpayers.
>
>If he mentioned it in the article, I missed it. On average, how long does it take the FDIC to honour a claim?

It depends on availability of FDIC funds. As it stands now, FDIC provides up to 100K immediately, and whatever exceeds this level can still be partially recovered in few months. Obviously, in case of financial strain this time could be increased significantly (it was up to 2 years in time of S&L crisis) and no restitution over 100K limit would be available.