Birdwatch Note Rating
2024-04-29 20:54:45 UTC - NOT_HELPFUL
Rated by Participant: 0C9F2BE6C2DEC1D752A20858D4DD8D4140A9F8BB07E7237DB44BEB4B78CF4C6F
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
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