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MSA SC 5813-1-2
CollectionJudge Dennis M. Sweeney Collection
Author
Dates
MediumPolyester Silk Blend Textile
Restrictions
Storage00/22/10/34
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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