Maryland State Archives, Guide to Special Collections

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MSA SC 5813-1-3
Collection	Judge Dennis M. Sweeney Collection
Author
Dates
Medium	Metal
Restrictions
Storage	00/22/10/34
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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