This article reads like FUD aimed at private equity.<p>Private equity bought Simmons and did pretty well. During boom times, their management helped the company increase sales and market share. They funded this with debt at low interest rates. Then the economy tanked and no one buys mattresses.<p>The private equity fund barely recouped their investment (and probably underperformed the market) and the company is going bankrupt. Bondholders are also screwed, as are employees.<p>Um, yeah. The economy sucks. Private equity buys companies, some of which do badly. So what?