WGBH Openvault

Ten O'Clock News; Discrimination in lending

09/29/1989

Hope Kelly reports on a legislative hearing in Boston on alleged redlining practices by Boston banks. Kelly reports that the Federal Reserve Bank released a study finding evidence of redlining practices. Kelly notes that the banking industry reacted strongly to the accusations. Kelly's report includes footage from the legislative hearings. Barney Frank (US Congressman) and Benjamin Hooks (Executive Director, NAACP) condemn redlining practices. Richard Pollard (Chairman, Massachusetts Banking Association) and Richard Syron (President, Federal Reserve Bank) say that they do not believe that the banks are engaged in redlining. Kelly reviews the findings of the study. She adds that the study does not conclude if the findings reflect redlining or discrimination on the part of lenders. Kelly quotes Ray Flynn (Mayor of Boston), Michael Dukakis (Governor of Massachusetts), and Joseph Kennedy (US Congressman) as saying the redlining practices cannot be tolerated. Kelly interviews Pollard. Pollard says that banks are not engaged in redlining. He adds that banks need to better serve the needs of minority communities. Kelly notes that the legislative hearing addressed solutions to the problem of redlining, but did not talk about the problem of racism. This tape includes additional footage of the legislative hearing, with various speakers both in agreement and disagreement with the study.


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Series
Ten O'Clock News
Title

Discrimination in lending

Series Description

NIGHTLY NEWS WITH CHRISTOPHER LYDON AND CARMEN FIELDS Began January 1976. Replaced evening news show EVENING COMPASS. Original host: Steve Nevas. Other anchors, Christopher Lydon (1977-91) and Gail Harris (1983). In 1980 - hour long. Ended in 1991.

(PREDECESSORS: Louis Lyons began news operations at WGBH in 1952. The News at 10 began in 1966. The Reporters premiered in 1970. The Evening Compass started in 1974.) Series release date: 1/1976

Duration

00:11:55

Asset Type

Broadcast program

Media Type

Video

Subjects
Kennedy, Joseph P. (Joseph Patrick), 1952-
Hooks, Benjamin L. (Benjamin Lawson), 1925-2010
Banks and banking
Flynn, Raymond L.
Syron, Richard F., 1943-
Discrimination
Dukakis, Michael S. (Michael Stanley), 1933-
Frank, Barney, 1940-
Locations
Boston (Mass.)
Genres
News Report
Topics
News
Contributors
Frank, Barney, 1940- (Speaker)
Syron, Richard F., 1943- (Speaker)
Kelly, Hope (Reporter)
Hooks, Benjamin L. (Benjamin Lawson), 1925-2010 (Speaker)
Citation
Chicago: “Ten O'Clock News; Discrimination in lending,” 09/29/1989, WGBH Media Library & Archives, accessed December 9, 2016, http://openvault.wgbh.org/catalog/V_06E222141078476397B2A9DDA67A7BC6.
MLA: “Ten O'Clock News; Discrimination in lending.” 09/29/1989. WGBH Media Library & Archives. Web. December 9, 2016. <http://openvault.wgbh.org/catalog/V_06E222141078476397B2A9DDA67A7BC6>.
APA: Ten O'Clock News; Discrimination in lending. Boston, MA: WGBH Media Library & Archives. Retrieved from http://openvault.wgbh.org/catalog/V_06E222141078476397B2A9DDA67A7BC6
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