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Benjamin Hooks of teh NAACP
[Legislative hearing on redlining practices]
Original Airdate: 9/29/1989

Length: 00:02:59
Item Type: newstape - edited story master

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Description : Abstract
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.

Format : Tape 6794   Barcode   Script is available.
3/4" cassette 102995 
VHS cassette 105743 
Betacam cassette 106349 
digital betacam cassette 106348 

Subject : Keywords
Banks and banking
Federal government

Subject : Personal Names
Bolling, Bruce
Dukakis, Michael
Flynn, Raymond
Frank, Barney
Hooks, Dr. Benjamin
Kelly, Hope
Kennedy, Joseph
Mfume, Kweisi
Pollard, Richard

Subject : Corporate Names (Organization names)
Federal Reserve Bank

Type : Genre
News - Television

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