Birdwatch Note Rating
2024-04-29 12:50:51 UTC - NOT_HELPFUL
Rated by Participant: 80C91072F9B06C4A309968DC9F7FAC0E28E22EEBAEE414EC9D6D53C268C8F70C
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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