More Maher Stupidity: Wall Street Betting on Things to Fail Is ‘Something New’
If it's Saturday, I must be pointing out more simply stunning stupidity coming from the mouth of Bill Maher. Never letting me down, the host of HBO's Real Time Friday said the financial crisis was caused by “something new in politics where Wall Street was sort of betting on things to fail as opposed to for things to succeed” (video follows with transcript and commentary): BILL MAHER: I mean, if it was just about housing it wouldn't be that giant a crisis. It’s that the banks took side bets on failure. Isn’t it? I mean, that's something new in America. Is it not? I mean, it’s okay, we all want capitalism. I mean, I am not a communist. I'm not. But this is something new in politics where Wall Street was sort of betting on things to fail as opposed to for things to succeed.