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Oaktree's Marks Says Fed Can't Prevent Credit Market Cycle

Oct.15 -- Oaktree Capital Group founder Howard Marks said that investment firms have a duty to their clients to stick up for their interests and maximize returns, so they can’t “go easy” on other creditors in distressed negotiations. He also talks about Federal Reserve policy, the credit market and says some airlines should be smaller. He speaks to Bloomberg's Erik Schatzker.