Chamath Palihapitiya: Hedge Funds & Billionaires Deserve To Get Wiped Out!

CNBC, Released on 4/9/20

Chamath Palihapitiya, founder and CEO of investment firm Social Capital, told CNBC on Thursday that the U.S. shouldn’t be bailing out billionaires and hedge funds during the coronavirus pandemic. “On Main Street today, people are getting wiped out. Right now, rich CEOs are not, boards that have horrible governance are not. People are,” Palihapitiya, an early Facebook executive, said on CNBC’s “Fast Money Halftime Report.”

“What we’ve done is disproportionately prop up poor-performing CEOs and boards, and you have to wash these people out.”

“Just to be clear on who we are talking about. We’re talking about a hedge fund that serves a bunch of billionaire family offices, who cares? They don’t get the summer in the Hamptons?” he said. “These are the people that purport to be the most sophisticated investors in the world.”

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Rick Salazar

Love it! Trillions for the financial elite, Peanuts for Joe Shmo (1200).

Prof Chaos

Excellent. The MSM commentator can’t even contemplate what capitalism means and how the FEDs policies are destroying the country. But, I do see plenty of blame for the average Joe that keeps believing all the MSM BS and voting for the same Aholes that continue to steal from them to pack the pockets of elites. So Sad but once it gets bad enough their will be revolution. A lot more pain before it gets better. This is just starting….


We had the chance to have someone like Ron Paul.

Prof Chaos

My checking account shows a $2,400 ACH effective 4/15. So, the Gov handouts are real. But, back to the subject. Trump duped me in 2016. But no way I’m voting for that lying, fat, orange swamp-rat in 2020. No way I can vote for sleepy-creepy Uncle Joe either. Just a wasted protest vote for me; I’ll write-in Ron Paul.