Word: baillargeon
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Dates: during 1976-1976
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Seattle Trust President J.C. Baillargeon says that there are some "crassly commercial" aspects to the plan. In view of rising fuel costs, says he, "we are thinking about what homes without adequate insulation and efficient heating systems are going to be worth in two or three years" if the bank has to foreclose on them. Besides, the offer is bringing in a lot of new business. Just how much, Seattle Trust will not say. But during the first few days, the bank's main office and 25 branches were swamped by more than 3,000 telephone calls...