The U.S. shouldn’t bail out billionaires and hedge funds during the coronavirus pandemic, Social Capital Billionare CEO Chamath Palihapitiya says. “Who cares? Let them get wiped out.
"Just be clear, like, who are we talking about, a hedge fund that serves a bunch of billionaire family offices?" Palihapitiya replies. "Who cares? Let them get wiped out, who cares! They don’t get to summer in the Hamptons? Who cares!”
"On Main Street today, people are getting wiped out, and right now rich CEOs are not, boards that had horrible governance are not, hedge funds are not — people are,"
Palihapitiya says. "Six million people just this week alone saying, 'Holy mackerel, I don't know how I'm going to make my own expenses for the next few weeks, days, months.'
Billionaire Sri Lankan socialist. You can take the Sri Lankan out of
Sri Lanka, but you cant take the socialist out of (most) a Sri Lankan.
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