Not to worry, though. "The government doesn't expect the entities to fail and no rescue plan is imminent," the Journal reported, citing "people" who seem to know a lot. See full story.
Is there any surer sign of an impending disaster than a reassurance from the White House that it doesn't expect it to happen?
Here are a few other things the Bush administration didn't expect:
Terrorists to fly airplanes into buildings.
Saddam Hussein to have been telling the truth about not having any weapons of mass destruction.
Iraqis to object to a long-term occupation by a foreign power.
Hurricane Katrina.
People in New Orleans to object to the government's response to Hurricane Katrina.
The Democrats to take control of Congress.
The Democrats to cave in so easily on important issues after they took control of Congress.
Scooter Libby to get caught.
Jack Abramoff to get caught.
Abu Ghraib to be discovered.
Scott McClellan to smell the coffee.
The housing bubble.
The credit bubble.
The housing collapse.
The credit squeeze.
Bear Stearns to fail.
--Rex Nutting, Washington bureau chief
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