Financial Literacy: Not on the Horizon

Just saw this headline and article from Associated Press:

New financial rules might not prevent next crisis. Sweeping financial overhaul will change many rules, but loopholes could allow another crisis.

When you read that you are left with one of two choices:

1. The author(s) have no idea what they are talking about.
2. The author(s) are purposefully not telling the truth.

Bubbles (read: “crisis”) are a part of human condition. They will never be eliminated. Government rules will NEVER keep human beings from building financial bubbles. Why is this such a simple concept to outline, but seemingly beyond the comprehension of all journalists?