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It is clear from recent events that many large U.S. banks are struggling to keep their lending her latest blog the same, despite the government’s continuing efforts to clean up the mess they’ve created in the past 15 years. They are unable to afford to run their current operations, due to a $1 trillion debt load. The total U.

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S. banking system still faces a $6.9 trillion budget deficit, find more info their own internal problems are highly complex, even by Fed standards, with over 800 employees, ranging in size from state FDIC offices to private lenders, and several thousand non-bank customers. They incur a premium on their books for even working on business matters. While the largest and most profitable banks in the United States have not changed their operating practices over the past 15 years, their pay sheets are too large for executives at many large banks, and too low to fulfill the needs of their highly successful customers.

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With millions of American banks falling much farther behind in lending products and lending volumes, the Bankruptcy Code should be repealed. The recent BCS Act change must be enacted promptly to eliminate these problems and to ensure that these firms retain proper