unpakwon
Senior Member
- Joined
- Jun 7, 2007
- Member Type
- Student or Learner
- Native Language
- Korean
- Home Country
- South Korea
- Current Location
- South Korea
What does the following in bold mean?
1. In Oakland, subprime loans were 36% of all refinancing loans made to African American home owners and 17% of those made to Latino home owners, but only 9.5% of those made to white home owners. The race-based prevalence of subprime loans became even more evident once researchers controlled the data for income levels.
2. The insurance industry is not as closely monitored on discriminatory practices as banks are---yet, that is. Momentum is building to expand laws on the books for financial institutions to regulate insurance.
Is the above saying "but in fact the insurance industry is as discriminatory as banks are"?
Thank you.
1. In Oakland, subprime loans were 36% of all refinancing loans made to African American home owners and 17% of those made to Latino home owners, but only 9.5% of those made to white home owners. The race-based prevalence of subprime loans became even more evident once researchers controlled the data for income levels.
2. The insurance industry is not as closely monitored on discriminatory practices as banks are---yet, that is. Momentum is building to expand laws on the books for financial institutions to regulate insurance.
Is the above saying "but in fact the insurance industry is as discriminatory as banks are"?
Thank you.