Birdwatch Note Rating
2024-04-29 18:53:05 UTC - NOT_HELPFUL
Rated by Participant: 9CC7A4FB9C30D5D6BEE2B93E5B7E2A0C595FB6324971516AAB363C601F570B72
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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