Also at the Jewish Chronicle: https://www.thejc.com/blogs/financial-crisis-and-subprime-1.38100?highlight=martynineurope

Oh dear, whatever happened here? After years of over-borrowing and under-saving, the plentiful supply of cheap and easy money, the enthusiastic recklessness of a number of financial managers, and the complaisance of governments, the inevitable happened, and panic ensued.