Subprime Mortgage Crisis Continues

Subprime mortgage crisis still continues this year, not only small companies but also big companies have suffered big losses because of subprime mortgage. Three large investment banks that have suffered big losses are :

• USB with US$ 37 billion subprime mortgage losses
• Merrill Lynch with US$ 24 billion subprime mortgage losses
• Citigroup with US$ 18 billion subprime mortgage losses

With large losses like that, i think the subprime mortgage crisis will continue until next year. So US property is not a good invest tool right now. http://investtool.blogspot.com/