Birdwatch Note Rating
2024-04-29 12:25:14 UTC - HELPFUL
Rated by Participant: 7B03473D890D86CE830A9642BC3F48B206F9FE1FA2A44DB97B4C70BB94CF5E33
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
All Note Details