Private-Equity Deals Wane

"The private equity model of stripping assets is finally on the deathbed. There is not going to be easy money for pirates to borrow to continue to loot companies, soak them [with] debt, pay themselves handsomely, only to let the companies they buy rot in a death sentence.

The moral standards of those who have been engaged in such activities is totally disgusting. What will put a halt to equity stripping is the collapse of the credit markets. Ability of private equity to raise capital at cheap rates has vanished. This is a good thing.