Birdwatch Note Rating
2024-04-29 12:57:40 UTC - NOT_HELPFUL
Rated by Participant: 0F7287C4FDFF883F49BB68748CD9EB818B078422115811EBDC9ABD4C65F7B14A
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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