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Barrack Sees Commercial-Mortgage Collapse If Liquidity Crisis Isn't Addressed

Mar.23 -- Real estate billionaire Tom Barrack, Colony Capital's chairman, founder and chief executive officer, says there is a liquidity crisis in the U.S. commercial-mortgage market, and banks and government need to take action to prevent an eventual market collapse. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Daybreak: Americas."