Jeff Greene on Budget & Economy

Everyone knew housing crash was coming; Congress did nothing

Meek asked about Greene's record in the real estate industry, arguing that his opponent profited off the back of failed mortgages. "I saw the housing bubble coming and I went against the biggest banks on Wall Street and I won," replied Greene.

"I wasn't a genius. It was on the front page of Time magazine: Housing Bust Coming; It was on the front page of the Economist, Housing Market crumbling," Greene said to Rep. Meek. "Guys like you were just part of the party. You were getting money from all these (Wall Street firms) and failed to regulate them."

Greene concluded that Meek and members of Congress refused to regulate the housing lending industry -- even accusing the congressman of pushing risky sub-prime mortgages and money from the industry.

Source: 2010 Florida Dem. Primary Debate, Miami Herald & S.S.News Aug 10, 2010

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