>>At the same time his BHS business has gone bust with a £500 million hole in its pension fund which will have to be supported by the PPF (Pension Protection Fund) out of public funds. Unrestricted capitalism at its worst.
>
>In this case, the UK treats the workers better than they're treated in the US.
>During the early 1980's thanks primarily to the efforts of Ted Kennedy, the US congress passed ERISA - Employment Retirement Income Security Act, which supposedly guaranteed that pension benefits earned by US employees would be there upon retirement.
>However, the guaranteeing agency, PBGC - Pension Benefit Guarantee Corporation, is seriously underfunded and people in the US are, in fact, losing pensions that they were promised despite ERISA.
>
>Again, see the title of this thread.

Yes the PPF fund here is going to be underfunded after taking on BHS so existing schemes will have to pay more into it.

Apart from Phil Green taking out millions he then sold the company for £1.00 to a venture capitalist who has taken out £25 million in fees prior to the company collapsing into receivership.

I'm amazed there isn't more pubic protest about this sort of thing.

Doesn't look like you're going to get Bernie though. Maybe he should stand at the election as an independent. Can he do that ?