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Banks improve services to low-income neighborhoods
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Series: The Ten O'Clock News
Date: 1990-01-15
Duration: 00:03:48

Subject: Urban poverty; Discrimination; Banks and banking
People: Bolling, Bruce; Dukakis, Michael; George, Christy; Hamill, John; Homer, Ronald; Jones, Willie; Pollard, Richard; Stith, Charles;

Clip Description
Christy George reports that poor neighborhoods lack access to banking services. George notes that banking leaders met with community leaders today to announce an agreement that will provide better banking services to poor neighborhoods. George reviews the details of the agreement, which will provide bank branches, loans, and increased investment to poor neighborhoods. George's report includes footage of the meeting of banking and community leaders. Richard Pollard (Massachusetts Bankers Association) says that redlining did not take place in the 1980s. Charles Stith (Organization for a New Equality), Bruce Bolling (Boston City Council), Willie Jones (Community Investment Coalition), John Hamill (Shawmut Bank), and Ronald Homer (Boston Bank of Commerce) all speak out in favor of the proposal. Michael Dukakis (Governor of Massachusetts) is present at the meeting. George reports that the agreement forces banks to restructure their rules in order to serve poor people.

This edition of the Ten O'Clock News also included the following items:
Julian Bond at Harvard University
Julian Bond

Christopher Lydon interviews Sarah Small
Sarah Small

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/7012_01

 

No transcript is available for this record.