Watch Chamath Palihapitiya warn about 'zombie companies' and oppose bailouts for billionaires

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New for subscribers: Watch Chamath Palihapitiya warn about 'zombie companies' and oppose bailouts for billionaires Check out CNBCPro and get your first 7 days free.

Social Capital founder and CEO Chamath Palihapitiya said Thursday the U.S. government should not bail out hedge funds and the wealthiest investors as it tries to prop up the economy.

," "and in it we're creating a bigger problem that has nothing to do with how people work or recover. It has everything to do with how balance sheets are valued, how assets are valued."

 

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Pro Keep fighting chamath cnbc Stimuluschecks

Pro chamath knocked it out of the park today!

Pro What he says is wrong. This is a unexpected shock. Shouldn’t blame the investors or the management team.

Pro Great show ScottWapnerCNBC chamath cnbc Covid_19 pppfail

Pro Great show today ScottWapnerCNBC HalftimeReport chamath Spoke the truth today cbc COVID Stimuluscheck

Pro This guy has no heart nor compassion. This is a natural disaster, not a financial disaster driven by greed. It's a pandemic, nobody's fault.

Pro CNBC is now putting on people to try and say he is wrong. They have to cover their crooked friends: disgusting.

Pro chamath interview was laughable. “Who cares” about this billionaire.

Pro I would prefer to hear this case from a guy without a 5k suit on and manicured eyebrows!! getout

Pro He is not opposite of bailout billionaires, he just wants Fed step away from distressed industries, so he can chip in. Like all bottom scrubbed capitalism, just the silicone valley new money wearing people’s coat, a blood hungry wolf underneath instead. ScottWapnerCNBC

Pro Ok ok. But I hate Dan Niles!!!

Pro He makes sense RulesOfTheGame !!

Pro Universal basic income for ALL Americans until the pandemic is over!!!

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