A tasting time for Colony's Barrack

Thomas Barrack last felt it was a good minute for dealmaking in the United States fiscal services industry in the late 1980s, when he worked for Henry Martin Robert Bass, the Texan billionaire investor.

It was the beginning of the nest egg and loans crisis that shook the United States banking sector, and Mister Barrack made 100s of billions of dollars for Mister Bass by scooping up troubled loan portfolios.

Sitting in the James Madison Avenue business offices of Colony Capital, his ain private equity firm, nearly 20 old age later, Mister Barrack have a similar sense that gemstones may lie deep interior the marketplace disturbance of 2007.advertisement