`require': no such file to load -- rspec/rails (LoadError)

Getting strange loading problem..

bundle exec rspec -p spec/models/*

give error:
..
.rvm/gems/ruby-1.9.2-p290/gems/activesupport-3.1.1/lib/active_support/
dependencies.rb:240:in `require': no such file to load -- rspec/rails
(LoadError)
  from /home/slava/.rvm/gems/ruby-1.9.2-p290/gems/activesupport-3.1.1/
lib/active_support/dependencies.rb:240:in `block in require'
  from /home/slava/.rvm/gems/ruby-1.9.2-p290/gems/activesupport-3.1.1/
lib/active_support/dependencies.rb:225:in `load_dependency'
  from /home/slava/.rvm/gems/ruby-1.9.2-p290/gems/activesupport-3.1.1/
lib/active_support/dependencies.rb:240:in `require'
  from /home/slava/dev/projects/bitcoin-derivatives/spec/spec_helper.rb:
4:in `<top (required)>'

bundle show rspec-rails

/home/slava/.rvm/gems/ruby-1.9.2-p290/gems/rspec-rails-1.3.2

So rspec is in the bundle, but all of a sudden (it used to work) can
not be loaded.. Any ideas please? Thank you.

If I remember correctly, the 1.x versions of spec don't work with
rails 3.x

Fred