Before the stock market crash of 1929, Carol Morgan (Tallulah Bankhead) was living the high life as the daughter of a successful banker. But when the stock market crashes, Carol refuses to scale down her extravagant lifestyle and is in complete denial that things could get tough for her, too. Her accountants try to warn her, but she won’t listen to them and goes about living her life as usual. Her boyfriend Bill Wade (Robert Montgomery) works in advertising and prefers living a much more modest lifestyle. Carol is very much in love with him, but he’s hesitant to get married because he doesn’t want people to assume he married her for her money. Although they briefly get engaged, Carol ultimately can’t deal with being married to someone who only makes $20,000 a year and their engagement is called off.
When Carol finally faces the fact that she has lost everything, she goes back to Bill and finds things aren’t so great for him, either. He’s just lost his job and although he has a lead on another one in Chicago, Carol decides she’d rather live off the hospitality of her still wealthy friends rather than marry Bill. Bill does get his job in Chicago and Carol travels all over the country, staying as long as her friends will put up with her. Eventually, she makes her way to Chicago and stays with Mr. and Mrs. Peter M. Blainey. Mrs. Blainey is willing to pay Carol $1,500 for giving them the privilege of being able to use her name to get into the society pages, but throws her out when she catches Carol borrowing money from her friends. Carol packs her things, but before she can leave, Mr. Blainey (Hugh Herby) offers her $1,000. He says there are no strings attached, but the strings come later and before she knows it, she’s his mistress.
Carol absolutely loathes Blainey, but she doesn’t have any other options. One night, she is pleasantly surprised when Bill finally tracks her down and drops by. But her happiness is short lived when Bill figures out what’s going on and leaves. No longer to put up with Blainey, she leaves him and tries to find a job, but has no luck since she has no marketable skills or experience. Her luck starts to turn around when she runs into Bill again one night. He’s found a job as a truck driver and the two of them decide to get married on the spot. Even though he soon loses that job, he gets another one, but is injured in an accident. Now Carol has to get money for medicine and has no other choice but to turn to prostitution. Unfortunately, she makes the mistake of trying to pick up Bill’s brother Tony and he turns her into the police. The officer takes pity on her when she vows to never do it again and gets her a job as a waitress. She hadn’t been ready to tell Bill about how she earned the money for his medicine, but is forced to confront the issue when Tony breaks the news to Bill for her.
Faithless isn’t a terribly remarkable movie, but it is enjoyable enough. Tallulah was pretty good in it, especially in the beginning when her character still thinks she’s rich. She totally owned her character’s awful attitude in the beginning of the movie, but when her character is totally desperate in the end, she didn’t quite go into that part with the same zeal she did earlier. Robert Montgomery was more consistently good, though. It’s no must see movie, but if you do have an interest in Tallulah Bankhead, I’d recommend checking it out anyway. She was mainly a theatrical actress and didn’t make very many movies, so it’s nice to get to see her in action.