Birdwatch Note Rating
2024-04-29 16:20:20 UTC - NOT_HELPFUL
Rated by Participant: 5CD8A788B9A19B48EA5CD05FF34297A9DCE8D25BD8002C565BF863C846A370FA
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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