Bank Foreclosures

Many banks foreclosed during the Great Depression. Between January 1933 and March 1933 over 50% of the banks or 9,096 banks failed. Between December 2007 to May 2009, only 57 U. S. banks failed, or .6% of the total banks.

On September 15, 2008, Lehman Brothers Bank filed for bankruptcy. This bankruptcy was the largest in U. S. history. Today banks are still not in a great position to lend.