Birdwatch Note Rating
2024-03-24 19:05:30 UTC - NOT_HELPFUL
Rated by Participant: 71DA36677F372804CCE4325C3A29520E15829EDA5F36854FFDD3B9F8F489E083
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
All Note Details