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AN AMERICAN BILLIONAIRE who made his fortune betting against sub-prime mortgage securities has told Americans to ‘lower their expectations’.
Speaking at the World Economic Forum in Davos, Jeff Greene told Bloomberg that Americans needed to “reinvent their system of life”.
“America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence.
“We need to reinvent our whole system of life.”
Greene owns Florida Sunshine Investments, which manages $2 billion in assets. He said he flew his wife, children and two nannies to the ultra-exclusive forum.
He went on to say that, despite the US unemployment rate being at a seven-year low, the American economy was in such turmoil that radical politics was to be expected.
“Our economy is in deep trouble. We need to be honest with ourselves. We’ve had a realistic level of job destruction, and those jobs aren’t coming back.”
Greene added that he is having dinner with Tony Blair tonight.
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Stressful lifestyle, she even looked unwell on TV over the past few months.
Wish her well
The clintons did so much work for the peace process on this island. I dont think we would be where we are today without them.
Best of luck to her a great woman.
Sad when anyone gets ill. I feel for this lady as she will stay focused on her job rather than her health. Hope she gets good support from her hubby she deserves at least that. Wishing her well
Too many cigars.
Karmas a motherf…ker
I see someone’s resolution to drop the begrudgery didn’t last long…
Bill — where the hell are you?????
have your say