Disclaimer: I am Catholic.
American Evangelical Christians do not accept that the Bible is fallible, nor do they recognize denominations that do as actually being Christians! (Yes, as far as a large percentage of Americans are concerned, the Catholics are no more Christian than the Latter Day Saints or the Rastafarians or the Tibetan Buddhists.)
It seems that you are misinformed on the Catholic teaching on the Bible (and don't provide any sources to support your claim) and I'd like to give you and the other readers a little more information on the topic. I put up with a lot of people claiming falsehoods regarding the Church (even other Catholics), but your post was rated +5 Insightful so I couldn't let this one slide.
Technically, the Catholic Church has never made a claim one way or the other about the Bible's infallability. To state an inanimate object to be fallible or infallable would be a misconstrual of the word. From Catholic.com:
When we use these words, we use them regarding an active agent--that is, we use them about someone making a decision that either may or may not be erroneous (in which case that someone is fallible) or that definitely cannot be erroneous (in which case that someone is infallible).
In other words, for something to be fallible or infallible, it needs to be capable of making a decision. A book can not make a decision. Therefore, the Catholic Church couldn't teach infallability regarding the Bible, a rock or a bush. It wouldn't make sense.
With that out of the way, we can talk about what the Catholic Chuch does teach about the Bible: that it is inerrant (free from error). Here is what the Catholic Church teaches about the inerrancy of the Bible, from the First Vatican Council:
"These books are held by the Church as sacred and canonical, not as having been composed by merely human labor, and afterwards approved by her authority, nor merely because they contain revelation without error, but because written under the inspiration of the Holy Ghost, they have God for their author and have been transmitted to the Church as such."
From this official statement, we see that the Catholic Church teaches the inerrancy of the Bible.
I know this is slashdot, but if you are going to make claims about other people's beliefs, it might help to link to some verifiable sources so that you aren't unintentionally spreading falsehoods.
If you were trolling...good job. I think this was my first post in years!