Birdwatch Note Rating
2024-04-29 12:58:08 UTC - NOT_HELPFUL
Rated by Participant: D5CC4320B4FDC1070EEA7ECC1A89256AFC1508EF129FD6ABD19E79EA595BFD71
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