Description: 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.
1:00:05: Visual: Footage of Barney Frank (US Congressman) at a congressional hearing in Boston. Franks says that people of color are being denied their rights because of their skin color. Hope Kelly reports that Frank and other officials said that there is irrefutable evidence showing that Boston banks are engaged in discriminatory lending practices. V: Footage of Benjamin Hooks (Executive Director, NAACP) saying that banks across the nation are engaged in discriminatory lending practices. Kelly reports that the banking industry reacted strongly to the comments. V: Footage of Richard Pollard (Chairman, Massachusetts Banking Association) saying that he does not think that Hooks read the study. Kelly reports that the Federal Reserve Bank issued a study on August 31, 1988. Kelly quotes the study as finding that "the number of mortgage loans. . .is 24% lower in black neighborhoods than in white, even after taking into account economic and other non-racial neighborhood characteristics that might contribute to such disparities." V: Shot of Hooks, Michael Dukakis (Governor of Massachusetts), Richard Syron (President, Federal Reserve Bank), and Ray Flynn (Mayor of Boston) at the congressional hearing. Shot of Syron speaking. On-screen text and visuals detail the study findings. Kelly notes that the study does not conclude whether the findings reflect redlining or discrimination on the part of lenders. V: Footage of Syron speaking at the hearing. Syron says that he does not believe that Boston banks are engaged in redlining or discriminatory practices. Footage of Hooks saying that the African American community often knows through experience what the white community must find out through studies. Kelly reports that city and state officials were sympathetic to Hooks's viewpoint. Kelly quotes Flynn as saying that the findings are disturbing; that discriminatory practices cannot be tolerated. Kelly quotes Joseph Kennedy (US Congressman) as saying that "there is a serious problem of racially discriminatory lending in this city." Kelly quotes Dukakis as saying that "racial bias in any form is contrary to the very principles upon which this nation and Commonwealth were founded." V: Shot of Flynn, Syron, and Dukakis at the hearing. Quotes by Flynn, Kennedy and Dukakis appear written in text on-screen. Kelly reports that the bankers disagreed with the officials. V: Footage of Pollard being interviewed by Kelly. Pollard says that the study contains no evidence showing that banks are involved in the practice of redlining. Pollard admits that people in disadvantaged neighborhoods are ill-served by the financial community. Pollard says that bankers are part of the larger financial community; that bankers will be part of the solution to the problem. Shots of the congressional hearing; of Kennedy at the congressional hearing. Shots of Kweisi Mfume (State Representative) at the hearing; of attendees at the hearing; of Bruce Bolling (Boston City Council) at the hearing. Kelly reports that speakers at the hearing focused on solutions to the problem; that few talked about the larger issue of racism at the heart of the problem. V: Shots of Flynn; of attendees at the hearing.
Collection: Ten O'Clock News
Date Created: 09/29/1989
Description: Jan von Mehren reports that the city of Boston and the NAACP signed a $3 million settlement to end litigation about the city's formerly discriminatory public housing policy. Von Mehren reports that 2,000 minority families will be eligible for payments of $1,000 to $3,000 under the suit. Von Mehren's reports includes footage of a mayor Ray Flynn, Joseph Tauro (federal judge) and Benjamin Hooks (Executive Director, NAACP) at a press conference to announce the settlement. The three men shake hands and make positive statements about the settlement. Von Mehren report that African American families began moving into formerly white housing projects last summer, despite opposition from South Boston residents. Von Mehren's report includes footage of Flynn at a community meeting in South Boston in 1988. The audience jeers at him as he approaches the stage. This edition of the Ten O'Clock News also included the following item: Marcus Jones reports that Michael Jackson (pop singer) has never played a concert at Sullivan Stadium
1:00:11: Visual: Footage of Dr. Benjamin Hooks (Executive Director, NAACP), Judge Joseph Tauro (US District Court), and Ray Flynn (Mayor of Boston) sitting together at a press conference. The three men shake hands together. Tauro proclaims it to be a "happy and proud occasion." Jan von Mehren reports that Hooks traveled to Boston to join Flynn and Tauro. V: Footage of Hooks saying that it is important to resolve problems through means other than lawsuits. Shot of Doris Bunte (Boston Housing Authority) and other officials from the city and the NAACP. The group enters an elevator. Von Mehren reports that the city of Boston and the NAACP signed a $3 million settlement. Von Mehren notes that some of the money will go to victims of the city's formerly discriminatory public housing policy. V: Footage of Flynn saying that the city has one set of rules; that the rules apply equally to all. Footage of Tauro saying that the settlement sends a message to the community; that the settlement represents the city's commitment to equal access to public housing. Von Mehren reports that approximately 2,000 African American, Asian, and Latino families will be eligible for payments of $1,000 to $3,000 under the settlement. Von Mehren notes that city officials say that it may be difficult to track down some of the families. Von Mehren adds that city officials will use the media in an attempt to reach the families. V: Footage of Flynn at a community meeting in South Boston on January 12, 1988. Flynn walks onto the stage as the audience boos and jeers. Shots of the audience members seated at long tables; of Flynn addressing the audience. Von Mehren reports that housing desegregation was met with great opposition in South Boston last year. V: Footage of Leo Tierney (South Boston resident) saying, "Leave us the hell alone." Members of the audience stand to applaud Tierney. Von Mehren reports that African American families began moving into developments last summer. V: Shots of African American movers moving furniture and boxes into a South Boston housing project; of white children playing with a garden hose outside of a South Boston housing project building. Von Mehren reports there is a low turnover rate in South Boston housing projects; that housing integration is proceeding at a slow pace. Von Mehren notes that the Old Colony Housing Project in South Boston is still 96% white; that it was 98% white last year. V: Shot of a white baby in a wading pool outside of a South Boston project building. Von Mehren reports that today's settlement was a peaceful conclusion to the housing integration controversy. V: Footage of Hooks at the press conference. Hooks says that Boston had once been viewed as a "citadel of liberalism." Hooks adds that Boston did not live up to its reputation during the busing crisis. Flynn interrupts Hooks to shake his hand in front of the media. Hooks, Flynn and Tauro rise from their table.
Collection: Ten O'Clock News
Date Created: 10/04/1989