The New York Times' popular Dealbook column has called out the private equity industry, arguing that too many firms are willy-nilly nixing bad deals and lumping the blame on investment bankers. One could argue that the column is tighter with the investment banking community than the private equity community. But there's a real point here. Some private equity guys may have indeed rushed headlong into a few too many deals. Under cover of credit crisis, why not try to get out of some of the lower quality ones? They'll take some hits but they seem to have judged that they will be worth it. At the same time, the financing problems are real. We'll see soon which deals firms are willing to go to the mat for.   

For more: 
- here's the item 
- Cerebus offers to re-do deal with United Rentals. Article