When Mildred discovers her daughter's plot to blackmail a wealthy family with a fake pregnancy, she kicks her out of their house. Veda, who has been training to become an opera singer, goes on to great fame, and Mildred's increasing obsession with her daughter leads her to use her former lover, Monty (a man who, like Mildred, lost his family's wealth at the start of the Great Depression), and his social status and connection to bring Veda back into her life. Unfortunately for Mildred, this means buying Monty's family estate and using her earnings to pay for Veda's extravagances. Mildred and Monty marry, but things go sour as her lavish lifestyle and neglect of her businesses has dramatically affected the company's profits. Creditors line up, led by Wally, a former business associate of Bert's, with whom Mildred had a brief affair upon their separation. With no one to turn to, Mildred confesses to Bert that she has been embezzling money from her company in order to buy Veda's love.