Redwood Trust Inc., the specialist in jumbo mortgages, has gained membership in the Federal Home Loan Bank of Chicago through an insurance unit, becoming the fourth real-estate investment trust to join the network of regional lending cooperatives in a bid to improve its financing.
Mel: If you took 1,500 one-dollar bills and laid them end to end, they would stretch all of 750 feet, only three-quarters of the way down a crosstown block in Manhattan. We had to stretch those dollars into a lifetime free of ever having to work for anyone other than ourselves again.
When Dan Weissman worked at Goldman Sachs Group Inc. and, later, at a hedge fund, he didn’t have to worry about methamphetamine addicts chasing his employees with metal pipes. Or SWAT teams barging into his workplace looking for arsonists.