The University of Alabama opened a new football-training center last February. Any professional team would be happy to have it. The amenities include a $9 million weight room, a hydrotherapy pool with a Club Med–style cascade of hot water and an anti-gravity treadmill that’s more NASA than Nautilus. Coach Nick Saban goes over the finer points of football with his team in a 212-seat theater with a multiplex-sized screen. After practice, players shoot pool or kick back on a leather couch with a video game, Bloomberg Markets magazine reports in its January issue.
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.
Redwood Trust Inc. , the jumbo- mortgage specialist that in April sponsored the first private securitization of new U.S. home loans in two years, said regulators demanded information about its Acacia collateralized- debt-obligation business.
Redwood Trust Inc. is having a spectacular run. Its shares have returned almost 85 percent in the past year and there have been zero defaults among the $4 billion of jumbo loans it packaged and sold as bonds since 2010.
Redwood Trust Inc. sold bonds tied to about $405 million of new U.S. home loans, the fourth sale of such debt without government backing since credit markets seized in 2008, according to a person with knowledge of the offering.