Why didn't US Financial Regulators foresee the current crisis?

“Expansion becomes impossible without abundant cheap energy. So I think that the debt of the world is going bad. That speaks of a financial crisis, unseen, probably equalling the Great Depression of 1930; it’s probable we face the Second Great Depression. It would be a chain reaction, one bank would fail, and another one would fail, industries will close…” Dr. Colin Campbell, geologist, founder of the Association for the Study of Peak Oil (2006 interview). Michael Meacher, a British Labour MP and former Environment Minister identifies the Peak Oil crisis as “an apocalyptic scenario” . A Deutsche Bank paper on oil depletion goes in the same direction: “The end-of-the-fossil-hydrocarbons scenario is not a doom-and-gloom picture painted by pessimistic end-of-the-world prophets, but a view of scarcity in the coming years and decades that must be taken seriously.” To read more on Peak Oil and the Financial Crisis please consult the following article: http://www.ireport.com/docs/DOC-112467