1970 SPECIAL REPORT:THE BANKS AND POOR PEOPLE

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An examination of the credit policies of banks and how they ultimately affect the poor. This program alleges...that banks help to perpetuate slum conditions in ghetto areas and that bank credit policies discriminate against the poor." Quote from NET Annual Report, July, 1970-June, 1971.




This documentary, which examines the credit policies of banks and how the ultimately affect the poor, is divided into three parts. The first part examines the bank's role in the perpetuation of slum conditions in ghetto areas. The documentary quotes a Congressional committee charge that savings and loan banks finance slum housing by lending to slumlords and speculators who allow the property to deteriorate while exploiting it for profit and tax benefits. The viewer sees a dilapidated building in downtown Washington within view of the Capitol, where a family of eight is living in a two-room apartment, and learns that the landlord received the loan from the Jefferson Savings and Loan Association of which he is a director.

Published 2 years ago

Category Video  /  General

TagsBANKS BANKS POOR PEOPLE POVERTY NYC CAPITALISM HEZAKYA HEZAKYA NEWZ 1970S

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