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Study finds Boston banks guilty of redlining
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Series: The Ten O'Clock News
Date: 1989-08-31
Duration: 00:02:53

Subject: Discrimination; Banks and banking
People: Kennedy, Joseph; Vaillancourt, Meg;

Clip Description
Meg Vaillancourt reports that the Federal Reserve Bank has released a study finding that banks in Boston are guilty of redlining. Vaillancourt notes that three times as many mortgages are approved in Boston's white neighborhoods as in African American neighborhoods. Vaillancourt reviews the findings of the study. Vaillancourt interviews African Americans on the street. They talk about their experiences in applying for mortgages. Vaillancourt reports that African Americans earn less than whites on average. She adds that these economic factors do not explain the gap in mortgage lending practices. Vaillancourt interviews Joseph Kennedy (US Congressman). Kennedy condemns redlining practices. He adds that banks should not practice discrimination, noting that many banks receive federal funds. Vaillancourt reports that Boston banks have agreed to change their lending practices. She adds that meetings between community activists and banks are scheduled for next month. Vaillancourt's report is accompanied by footage of employees and customers in banks and shots of residential homes.

Series Description
A local program aimed at the Boston audience, The Ten O'Clock News debuted on January 15, 1976. Its two immediate predecessors were The Reporters and Evening Compass. A news and public affairs show focusing on neighborhood, local and state issues, The Reporters was produced and broadcast on WGBH from 1970 to 1973. The Reporters was then replaced by Evening Compass, which expanded into a twice-nightly news broadcast during the tense moments of Boston's busing crisis. On the air from 1973 to 1975, Evening Compass found an audience through its in-depth coverage of school desegregation in Boston, which began in 1974. The Ten O'Clock News stood out as an in-depth news program. It strove for a balance between local and national stories, between politics and the Arts. The last The Ten O'Clock News program was broadcast on May 30, 1991.

See also: http://main.wgbh.org/ton/programs/6731_01

 

No transcript is available for this record.