>There is nothing wrong with buying and liquidating a company.

Beyond the perversity of using a company's own full faith and credit to eat it dead from the inside out (essentially admitting that the PE firms themselves are not respectable enough to be granted the credit directly), we have multiple instances of the government preempting the purchase and liquidation (and presumably the accompanying halt or even dissolution of production within) of certain companies for antitrust or even national security reasons.