Mozilo Predicted U.S. Housing Collapse as Fed Overlooked Risk

"Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo warned as early as 2004 of a possible housing-market collapse while the Federal Reserve overlooked the threat a year later, according to documents released by the Financial Crisis Inquiry Commission."

But then of course he was accelerating his own sales of Countrywide, while telling investors the company would be unaffected by any problems.