Billionaire Jeff Greene, a speculator who made his money by helping to cause the economic collapse that hurt so many Floridians, is trying to buy a U.S. Senate seat. He is willing to say, do and spend anything to get it.
Jeff Greene was dubbed the "Meltdown Mogul" by The Wall Street Journal after making nearly $1 billion when Floridians' home equity declined. Greene pioneered risky financial products that Warren Buffet called "financial weapons of mass destruction" and contributed to the economic collapse, the credit crunch and the worsening of the housing market.
The bank bailout was used to pay people like Jeff Greene, who now sits on a mountain of dirty money. Tell Jeff Greene that he can't buy a U.S. Senate seat--Floridians are not for sale. Greene's checkered past disqualifies him from the office he wishes to buy.
Read more about Jeff Greene's checkered past and tell Jeff Greene that Florida is not for sale.
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Greene pioneered a risky investment product called uncovered credit default swaps, which weakened the financial and real estate markets and helped fuel the meltdown that wrecked our economy. Investor Warren Buffet called these credit default swaps "financial weapons of mass destruction."
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Greene made his money on Wall Street by betting against millions of middle-class homeowners, hoping that their mortgages would collapse. He made hundreds of millions of dollars off the misery of these homeowners, who saw their home values plummet while he got rich speculating.
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Jeff Greene was dubbed by CNBC "the man who shorted subprime." Greene got the idea from John Paulson, who was at the center of the transactions described in the Security and Exchange Commission's case against Goldman Sachs. Jeff Greene was also dubbed the "Meltdown Mogul" by The Wall Street Journal.
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Jeff Greene only moved from California to Florida in the last two years. In fact, he would not legally be allowed to run for any other statewide office because he has not lived here long enough to meet the residency requirement.
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Jeff Greene owns multiple mansions and homes, and seven of them are in California.
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A collector of erotic art, Greene was a big player in the California party scene. Heidi Fleiss, the so-called Hollywood madam who was convicted of running a prostitution ring, lived in his home. And before he made nearly $1 billion betting against middle-class homeowners on Wall Street, Greene's claim to fame was hosting late night parties after Playboy Mansion events.
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Jeff Greene ran for Congress in 1982 as a conservative Reagan Republican, self-funding his campaign. He lost in the primary.
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Jeff Greene very recently made a large contribution to a Republican candidate for governor. Can you guess who? He also shares something else with this Republican candidate.
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Part of the problem in Washington is that politicians there are out of touch with how the rest of us live. But Greene is even more out of touch than most, as he owns a 145-foot yacht, three private jets and multiple mansions, for which he paid more than $100 million dollars.
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Jeff Greene wants to buy a U.S. Senate seat for himself, but Floridians will not let him.
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