Financial Times FT.com

Last year’s model: stricken US homeowners confound predictions

By Krishna Guha and Gillian Tett

Published: January 31 2008 19:01 | Last updated: January 31 2008 19:01

US family prioritiesGetty

When Ray McDaniel, president of Moody’s, addressed a debate in Davos last week, the mood was so hostile that some speakers joked that he was brave to appear “without a bodyguard”.

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