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The Frightening Future in the Market Meltdown For the better part of a year every senior government official involved with the economy, from Fed Chairman Ben Bernanke to Treasure Secretary Henry Paulson, has said that the bursting housing bubble and the sub-prime mortgage meltdown were "contained." This, we now know, was the financial equivalent of "Mission Accomplished." If only reality could be managed forever with sound bites.

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The Frightening Future in the Market Meltdown

For the better part of a year every senior government official involved with the economy, from Fed Chairman Ben Bernanke to Treasure Secretary Henry Paulson, has said that the bursting housing bubble and the sub-prime mortgage meltdown were "contained." This, we now know, was the financial equivalent of "Mission Accomplished." If only reality could be managed forever with sound bites.