Birdwatch Note Rating
2024-04-29 13:03:50 UTC - NOT_HELPFUL
Rated by Participant: 6C1740C81F347089E45C226B065B1683DB1F2DA89EC90B8FAF73E1D403F291BC
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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