Out comes the kitchen sink. The actions of this last week will go down in history as the end of the US as an economic superpower. I realize that’s a harsh view to take. And I love this country dearly. But the writing is now on the wall. The regulators—SEC, Treasury, Federal Reserve, and President Bush—have officially bankrupted this country, destroyed the dollar and guaranteed that our quality of life will be on the downward slope for the next decade. I’ve already commented at length on the Fannie/ Freddie deal. In a nutshell that intervention added $5 trillion—at least $1.2 trillion of which is garbage—in liabilities to the US balance sheet. And it: Didn’t solve the housing crisis—housing starts fell 6.2% in August (a 17-year low) while building permits fell 8.9%. Won’t boost the homebuilder industry—you can’t sell homes if banks are lending. Sure as heck ...