The Other Barbarians at the Gates
By Jessica Pressler | NYMag.com
“It’s incredible, right?” shouts Jeff Greene over the roar of the two-seater dune buggy’s motor. “It’s 55 acres!”
Still in his whites from this morning’s tennis match, he’s giving a personal tour of his Sag Harbor estate, barreling at 30 miles per hour through the vast forest of scrubby pines and soft moss of its gated grounds. “Beautiful nature here!” A blur of deer goes by, and the trees break to reveal the summer sun glinting off a grassy lagoon. Greene slows by its shore. “This is our swan pond, and this is our private beach,” he says, gesturing toward a slip of white sand encircling the edge of the North Haven Peninsula. “It goes all the way to the ferry. Three thousand feet of beach,” he adds, a smile spreading across his tanned face.
Greene made his fortune in real estate, and he’s never been shy about showing it off. “Having money is great,” he says. “It’s fun. The more the better.” For years, he was a fixture on the party circuit, and celebrities like Lindsay Lohan and his old roommate Heidi Fleiss were not uncommon sights on his yacht, The Summerwind. In 2006, after an old friend, John Paulson, showed him how he was planning to short the impending housing bust, he replicated the trade and made himself a billionaire. Since then he’s settled down, married a bubbly Chinese-Australian woman named Mei-Sze, had two children, and changed positions once again. “I’ve got a huge, huge position in mortgage-backed securities,” he says. “I started accumulating them in 2009, when the market was really down and things were really scary.” That’s also when he picked up this property for around $40 million (half the 2007 listing price), which he and his wife have christened “Greene Haven.” “I wish we could spend more time here,” he says. “Honestly, we have so many great homes.”
He cuts the engine, and for a moment the only sound is the waves lapping peacefully against the shore. Greene gazes across the bay at the multi-million-dollar houses peeking from behind the trees. I assume he’s quietly contemplating acquiring even more of the shoreline, but then he says something surprising. “If somebody wanted to go after a rich person,” he observes, “they have got their pick of the litter out here.”
It’s strange to imagine someone like Greene, who counts Mike Tyson as a close friend, and who has a streak that caused the L.A. party girls to refer to him as “Mean Jeff Greene,” feeling vulnerable. It’s hard to think of any superrich person as vulnerable, just as it’s hard to think that a bear with outstretched claws and giant teeth is more afraid than you are. But over the past few months, it’s become clear that rich people are very, very afraid. Sometimes it feels like this was the main accomplishment of Occupy Wall Street: a whole lot of tightened sphincters. It’s not a stretch to say many residents of Park Avenue harbor vivid fears of a populist revolt like the one seen in The Dark Knight Rises, in which they cower miserably under their sideboards while ragged hordes plunder the silver.
“This is my fear, and it’s a real, legitimate fear,” Greene says, revving up the engine. “You have this huge, huge class of people who are impoverished. If we keep doing what we’re doing, we will build a class of poor people that will take over this country, and the country will not look like what it does today. It will be a different economy, rights, all that stuff will be different.”
More often than not, fears like these manifest as loathing for the current administration, as evidenced by the recent wave of Romney fund-raisers in the Hamptons. “Obama wants to take my money and give it to do-nothing animals,” one matron blurted at a recent party ...
Read the full article at: nymag.com
’The Dark Knight Rises’ Asks Us to Believe the Rich Can Save Us
Rich people more likely to cheat, behave badly?
UK aid helps to fund forced sterilisation of India’s poor
Mitt Romney: Poor Mothers Should Be Required To Work Outside Home
Census shows 1 in 2 people are poor or low-income
Most Republicans and Democrats Agree: Cut Aid for Poor People, Not Israel
Separate but unequal: Charts show growing rich-poor gap "stunning"
Alan Grayson on "The War Is Making You Poor" Act (Video)
Latest News from our Front Page
Aurora Shooting Victim Parents Face $200K Court Fees, Bankruptcy, After Failing to Sue Ammo Dealers
The 2012 Colorado Theater Shooting still doesn’t add up…
Media character and ‘Shooter’ James Holmes in court in 2012-2013.
In 2014, Sandy and Lonnie Phillips, the mother and stepfather of Aurora Theater Shooting victim Jessica Redfield Ghawi, tried to sue the ammo companies they believe supplied shooter James Holmes with his ammunition, body armor and other items. They bleived that the online retailer BulkAmmo.com had sold Holmes ...
FBI's Joint Terrorism Task Force Investigating Confederate Flags at MLK's Ebenezer Baptist Church
According to the Atlanta Police Department, two White men left four small Confederate Battle Flags outside MLK’s Ebenezer Baptist Church in Atlanta … and get this, the FBI’s Joint Terrorism Task Force is on the scene investigating the incident.
Atlanta police Chief George Turner said his agency was working with federal authorities and they have not determined what charges might be ...
Democratic National Committee Chair Wasserman Schultz Canâ€™t Explain Difference Between Democrat Party and Socialism
Things got very awkward today when Chris Matthews asked DNC Chair Debbie Wasserman Schultz what the difference was between the modern Democratic Party and Socialism.
We havenâ€™t seen that dazed look since Rachel Dolezal was busted as a fraud.
Wasserman Schultz was speechless.
Then changed the subject.
Because we all know there is no difference between todayâ€™s Democrat Party and the radical ...
Catching on slow: Yet Another Study Show Cellphone Radiation Cause Cancer
The scientists were right — your cell phone can give you cancer.
There have long been whispers of a cancer connection from your cell — and a new study backs up the claims.
"These data are a clear sign of the real risks this kind of radiation poses for human health," study author Igor Yakymenko said.
Yakymenko’s meta-study — basically a study of ...
Trump Goes #Cuckservative on Immigration
For weeks, the media have trumpeted the supposed death of the Trump campaign. First, they claimed, Trump’s campaign imploded on launch thanks to his comments about illegal immigration. Then they claimed that Trump was finished because of his slap at Senator’s (R-AZ) war service. But neither of those comments alienated Trump’s base – he’s maintained his seven point lead over ...
|More News » |