Rex Nutting, the Market Watch Washington Bureau Chief says that the implosion of Fannie Mae and Freddie Mac is a certainty.
Why does he see it as a certainty? Because Bush and His Evil Minions™ don’t see it happening.
Other Things that Bush and His Evil Minions™ never expected:
- 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.
To quote Bender the robot, “We’re boned”.