Venture capitalist Chamath Palihapitiya made waves when he said during a CNBC interview that the government should not bail out companies impacted by the coronavirus shutdowns. “On Main Street today, people are getting wiped out. Right now, rich CEOs are not, boards that have horrible governance are not,” he said. “What we’ve done is disproportionately prop up poor-performing CEOs and boards, and you have to wash these people out.”
During an interview on RT, Peter Schiff said he’s been saying the same thing since day one.