Birdwatch Note Rating
2024-03-25 03:57:57 UTC - NOT_HELPFUL
Rated by Participant: 6F07F30133FFC01A3659867CF4C4EA269E332834A1078EE1B272D80661CD280E
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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