US banks sell assets at an unprecedented rate due to commercial real estate crisis and bad loans

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The financial situation in the United States is experiencing a significant change as major banks are selling off assets at an unprecedented rate. This move is caused by the imminent commercial real estate crisis, bad loans, and high interest rates. This situation is not just a financial maneuver but a response to deep-seated issues affecting the stability of the banking sector. As banks hurry to get rid of assets, the consequences are widespread, affecting everything from the availability of credit to confidence in the financial system itself.

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