The Color of Money

Text of the Pulitzer-winning articles

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Cover of Color of Money reprint

This page links to the text of "The Color of Money," a series of articles on lenders avoiding middle-income black neighborhoods.

Bill Dedman received the Pulitzer Prize in investigative reporting in 1989 for researching and writing these articles.

The first series, published May 1-4, 1988, disclosed that Atlanta's banks and savings and loan institutions, although they had made loans for years in even the poorest white neighborhoods of Atlanta, did not lend in middle-class or more affluent black neighborhoods. The focus moved to lenders across the nation with the January 1989 article, "Blacks turned down for home loans from S&Ls twice as often as whites."

As a result of the stories, the federal Home Mortgage Disclosure Act was expanded to provide more information to the public on the pattern of activity by all mortgage lenders.

The articles are reprinted here with permission from The Atlanta Journal and The Atlanta Constitution. You can also download a PDF version of the original articles and photographs (12MB file). The PDF file has the benefit of including Doug Marlette's cartoons. Just click on any of the images on this page.

Maps of bank lending

Cartoon by Doug Marlette
For a PDF version of the original articles and photographs, click on Doug Marlette's cartoon. (And remember that Doug's cartoon ran on the editorial page, not in the news columns.)

The articles


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Reprinted with permission from The Atlanta Journal and The Atlanta Constitution. Further reproduction, retransmission or distribution of these materials without the prior written consent of The Atlanta Journal and The Atlanta Constitution, and any copyright holder identified in the material's copyright notice, is prohibited.

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