Birdwatch Note Rating
2024-03-24 22:53:40 UTC - NOT_HELPFUL
Rated by Participant: 015A0E815DC49FAC716B672BC3CBC15CDA46F994EFF3B67C0048296B5A62F0B9
Participant Details
Original Note:
Bernie Madoff was *not* the cause of the 2008 financial collapse. That crisis revealed his investment fund was a Ponzi scheme: he told his investors they were unaffected. False ratings for securities backed by subprime mortgages (AAA on junk bonds) were systemic causal factor. https://www.investopedia.com/terms/g/great-recession.asp
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