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United’s debt situation explained

While I’m on a linking spree let me add this one too.

United Rant has a very good break down of the debt situation — this is in light of our mooted interest in exchanging our “debt for bonds”. Those who don’t want to break their head to understand the financial intricacies, can read Ed’s piece which tries to explain it to a lay person.

When you’re done laughing at City (linked in the last post) it’s time to get a dose of reality here.