Birdwatch Note Rating
2024-04-29 14:29:37 UTC - NOT_HELPFUL
Rated by Participant: 22617A016FC9EB1D7ED7FBA1E2EA1802F67D875050D97BA7AD47C52B6E526266
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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