Birdwatch Note Rating
2024-05-01 19:51:16 UTC - NOT_HELPFUL
Rated by Participant: 327905DE6A27CB70481F35BC489F1023852CE024A6907E2A8A2BBA75DD7A3091
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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