It seems that the typhoon is over. Some days ago the three american and biggest bank Bank of America, Citigroup e JP Morgan decided to open a new fund called SuperSiv to fight against subprime loans crisis.
These banks had just started in October to discuss the idea of the project SuperSiv, encouraged by the Minister Henry Paulson. After two months of difficult negotiations they have reached the following agreement: to be collect between 75 and 100 billion dollars helped by the management of the company BlackRock.
The SuperSiv fund has the aim to curb the impact of the crisis mortgage subprime on the american economy in a very short time.
Wall Street's operators are suspicious about this new fund. They all think that the only aim is to save the three banks from crisis consequences. The fund has born also to avoid Banks to sell 300 billion dollars properties off. The real estate market seems to be just out of the storm. Judging to the house and villas prices on internet we can assure that there aren't any problem. We should also think about the change us dollar against euro that help foreign investment in real estate. The most favourite places chosen by the foreign investor are Florida, particularly Miami and West Palm. Real estate agencies in Florida are growing faster than other business and could help people to forget crisis. Bank should work hard to fight recession especially during the next elections in fact the US Government support all initiatives to get over crisis and overcome probelms. We know that the 70% of the American richness comes from consumptions so it could be useful not to slow them down. If foreigners help us Buying luxury home and villa in Florida then this could avoid the whole market crisis.