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Politics : Ask Michael Burke
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To: Skeeter Bug who wrote (77061)3/6/2000 4:37:00 PM
From: Les H  Read Replies (1) of 132070
 
Last week's news article about Fannie Mae/Freddie Mac underlending to minorities was along the same vein. Their lending to Asian minorities was much higher than normal. The article failed to point out that Asian-Americans have higher per capita income than whites in the US. They probably also have higher savings rates and higher composition of technical and professional degrees than other groupings. It's difficult to draw a conclusion without looking at the income, savings, and other variables that impact loan acceptance. I'm half-Japanese BTW. However, there are probably a lot of variations in education and wealth between the various immigrant populations, such as between the Japanese, Korean, Phillipine, Indian, Chinese, and other Southeast Asian.
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