Birdwatch Note Rating
2024-04-30 10:03:28 UTC - NOT_HELPFUL
Rated by Participant: D30C8D7E429428A8C52B8B90435DAABAE939094BE8EC73EE393B17D3869B286A
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
All Note Details