Birdwatch Note Rating
2024-04-29 15:07:18 UTC - NOT_HELPFUL
Rated by Participant: 995F90748396ED2E3DD3B21FD356F9E78C46C5A375DAAD8C1D26796B372FA5F9
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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