Answer: we have no idea. But we do know that Josh Weintraub -- the Bear Stearns expat recently appointed to the board of directors at troubled lender Residential Capital LLC -- has one hell of a right hook.
Apparently, at some point in the past, Weintraub got in the ring (for charity, natch) with Shane Kinahan at Goldman Sachs. And Weintraub kicked some serious Goldman tail, to some strong profanity and chants of "Bear Stearns" from the raucous crowd.
Something tells us Goldman's laughing now. But we digress. This video is priceless - and we thought it was a fitting introduction of ResCap's newest board member, given that the company he's now helping direct is in for the fight of its life.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.