Well, she did ask why nobody saw the credit crunch coming. Being The Queen (tm) and not some random Languishite, I believe her user name is "QE2", not to be confused with Queequeg, The British Academy rushed to answer in an understandable three page letter based on the discussion of a panel of experts including economists, bankers, journalists and others.
Here is the letter. As close to "an authoritative answer to the question of why nobody saw the credit crunch coming". Basically the answer is "but many did, it's just that nobody with the authority to do anything listened and anyway nobody really had the authority to do anything about it anyway."
http://media.ft.com/cms/3e3b6ca8-7a08-11de-b86f-00144feabdc0.pdf
I love Peter Hennessy :mmm:
It took that big list of people to come up with that statement? What a waste. Any one of them could have whipped that letter up out of his ass and been done with it.