UK
Housing bubble: House price to earnings ratio highest since 2008
The causes of the crisis that engulfed the global economy and its financial markets were not special or unique, even though the consequences were unprecedented for most of us. It is true that this crisis had some unique characteristics, in particular the role that credit derivatives played in inflating the credit bubble. But in the end the main cause was all too familiar: too many greedy bankers lending too much money to too many people who could not afford to pay them back.