Birdwatch Note Rating
2024-04-29 15:02:28 UTC - NOT_HELPFUL
Rated by Participant: D0F8E9D6012F669E07CD9B8FC8D32D3D4600ECDC5A18FAD4DD807E71DF437AA6
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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