Birdwatch Note Rating
2024-04-29 16:40:26 UTC - NOT_HELPFUL
Rated by Participant: 33FB6247EB3F2D340754A6C818F28C9CB2451092D0CEF79EA996BF128FD995B5
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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