[wavefunction]

You forgot a few steps:

(1b) American taxpayers bailout insolvent securities firms whose whole business is supposedly predicated on competent risk assessment as a core skill yet totally ignored best practices to threaten the entire economy.

(1c) Pays themselves handsome commissions.

(3 addendum) buys the houses at a low cost made so by the bubble they created _with the bailout money of the taxpayers!!!!!_

(4b) destroys communities, defunds schools, further atomizes and disorganizes the modern American society

[malandrew]

Yup, they are giving out mortgages with all that free/cheap money, unfortunately they are only giving it out to themselves.