1. Deregulate Wall Street 2. Move mortgages from Freddie/Fanny to the now deregulated Wall Street 3. Give out mortgages like candy corn to anyone who will sign the dotted line 4. Bundle mortgages into "securities" 5. Insure securities 6. Sell "insured" securities overseas to unwary investors who trust America 7. Watch home owners "default" 8. Go to insurance companies and collect on hedged "securities" that are now worthless 9. Laugh all the way to the bank 10. Collect huge bonus for making so much money See, I didn't say the "R" word a single time. And I am NOT talking "de-Regulation".