Birdwatch Note Rating
2024-04-29 12:23:52 UTC - NOT_HELPFUL
Rated by Participant: FDDE12D90E89EC5CEDDC644C2B09403C0592000FF8F7AA32E1748F71D5C039A3
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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