Title: Redlining - CityArchives | seattle.gov
Headings: 
Redlining
Content: I think also that there needs to be some openness as to which are the regulatory agencies that are complaining about the possible restrictions that may be placed on the banks with regards to the agreement that has to be signed. I'm not an attorney, I'm not that familiar with anti-trust laws, although I do have an understanding of what I consider they're meant to be. And my understanding is that anti-trust laws basically deal with trying to stop corporations from forming monopolies over certain portions of the market. And the agreement that we're asking the bankers to sign is not an agreement to establish a monopoly, or commonality between all the banks and all their common rates. What we're asking is a commonality within each bank, each bank using whatever ratios they want to establish...so I don't think that would fall within the definition of an anti-trust suit or a question of establishing a monopoly. I think that, or the Coalition believes that the most effective way that the City can take a very open stand in solving the redlining issue is by establishing a public review board which would be visible. The entire Planning and Urban Development Committee meeting can be heard here. Related documents include the Draft and Final Report of the Mayor's Reinvestment Task Force. Citation: Planning and Urban Development Committee Meeting, September 1, 1976.