"BUT, BUT...NO ONE KNEW"

That's one of the defenses the MOTU use for royally screwing up the entire world's financial system. LOTS of people did know and said something IN PUBLIC about their fears of a collapse. Perhaps the most famous is Nouriel Roubini but there were many others and we can now add the CEO of MetLife to this list.

Damage Control at Insurance Companies
Giant MetLife is dumping the riskiest stuff and staying liquid—a bad omen for the markets

By Joseph Weber
November 13, 2008, 5:00PM EST
BUSINESS WEEK

Soon after joining MetLife in 2005, the 56-year-old started sounding alarms. In a presentation to the company's directors blandly titled "Housing Bubble," Kandarian and his team warned about dubious loans, such as interest-only mortgages, and overheated markets in California, Las Vegas, and South Florida—and moved quickly to exit those risky areas.

Kandarian joined MetLife in April 2005!