"Amend and extend" is like "taking an aspirin for brain cancer," George Varughese, a managing director with Alvarez & Marsal's Corporate Finance Group, in this video interview with The Deal Pipeline at the 2012 Wharton Restructuring and Turnaround Conference. The restructuring expert predicts that "what we're really creating is the seeds of a much bigger problem a few years from now and goes on to discuss the dangers that arise out of portfolio companies' not confronting the problems posed by overloaded balance sheets as well as the opportunities this presents fro distressed investors. - George White