Birdwatch Note Rating
2024-04-29 13:54:20 UTC - NOT_HELPFUL
Rated by Participant: BA3B5999F14BC658F5862D0F96FBC176BE86C3582B7659074AEB6549B426D6A0
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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