Word: talman
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Dates: during 1980-1989
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Four days a week customers gather in the lobby of the Talman Home Federal Savings and Loan in the Gage Park section of Chicago. Occasionally someone makes a deposit or takes money out of an account. But most of the time, the customers just sit around chatting, drinking coffee and munching free doughnuts. Says Louis Brockman, 91, a regular at Talman: "This is one of the nicest places in the world. Everybody talks nice to you, from the sweepers to the president...
...Talman employees have a reason to be nice. They would be in deep trouble without the fierce loyalty of such customers to their old-fashioned passbooks. In American banks and in savings and loan institutions, an incredible total of more than $341 billion is sitting in accounts that pay a maximum of 5.5% interest. Those funds could currently be earning about 18% in a money-market account, 14.9% in a six-month savings certificate or 13% in a tax-exempt municipal bond fund. If the 5,000 savings banks and S and Ls in the U.S. suddenly had to start...
...costs. The hitch is that Regina's share lies in the bank vault of her husband Horace (Tom Aldredge), who is precariously ill in a Baltimore hospital. He loathes the Hubbards for their vulpine avarice and has long been estranged from Regina. She sends the daughter (Ann Talman), whom Horace loves, to haul him back, and proceeds to cajole and curse him, but Horace is adamant...