Birdwatch Note Rating
2024-04-29 20:22:16 UTC - NOT_HELPFUL
Rated by Participant: 0A47E1A8569ABCA0E66CB634C5416B31CE7BBCED820E7C935C3E62C1F5A800F2
Participant Details
Original Note:
In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act. These new rules put pressure on banks to give out risky mortgages to subprime borrowers (housing bubble). The Great Recession was largely caused by excessive subprime mortgages. https://www.minneapolisfed.org/article/2001/community-development-under-the-cra-review-of-the-1995-regulations-begins https://www.fool.com/the-ascent/mortgages/subprime-mortgage-crisis https://en.m.wikipedia.org/wiki/Subprime_mortgage_crisis
All Note Details