MSA SC 5813-1-1
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Plexiglass
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00/22/10/34
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Description
Acrylic plexigalss sign with the original printer's artwork for the Maryland Savings Share Insurance Corporation (MSSIC) Seal.
During the savings and loan crisis of the 1980's, this printer's artwork with the seal was found unused in the MSSIC offices when the State took it over. From this prototype, seals were produced for the member thrift institutions to show that the institution was insured by MSSIC. The design of the seal ("Each account insured up to $100,000") implied that each institution was covered by the State of Maryland.
This seal later hung in the office of Dennis Sweeney in the Office of the Attorney General until he was appointed to the bench in 1991. After that, it hung in his judicial chambers in Ellicott City where most people assumed it was the Great Seal of Maryland.
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MSA SC 5813-1-2
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Polyester Silk Blend Textile
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00/22/10/34
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Description
Tie from the offices of the Community Savings and Loan, one of the major Maryland Savings Share Insurance Corporation (MSSIC) backed failed thrifts run by Tom Billman. They created an investment product called EPIC, which in essence were mortgage backed securities that were marketed worldwide. The mortgages backing the securities were less than prime- mostly unsold tracts of houses in Texas- and they retained only a fraction of the face value of the security. EPIC's sales force wore the ties, bearing the EPIC logo at the bottom, in order to contribute to their professional office and mode of presentation.
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MSA SC 5813-1-3
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Metal
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00/22/10/34
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Description
Blazer button set from the offices of the Community Savings and Loan, one of the major Maryland Savings Share Insurance Corporation (MSSIC) backed failed thrifts run by Tom Billman. They created an investment product called EPIC, which in essence were mortgage backed securities that were marketed worldwide. The mortgages backing the securities were less than prime- mostly unsold tracts of houses in Texas- and they retained only a fraction of the face value of the security. EPIC's sales force wore the button sets, bearing the EPIC logo, in order to contribute to their professional office and mode of presentation.
Blue velvet box holding them reads, "Ben Silver, Charleston, London," on the inside. The backs of the buttons read, "Ben Silver, Charleston, SC."
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