Assistant Treasury Secretary for Financial Institutions Barr Remarks to the Independent Community Bankers of America

Washington, D.C.–(ENEWSPF)–April 26, 2010.

Just over one year ago, when President Obama took office, the financial system was teetering on the edge. A failing financial system threatened to drag the economy into the depths of another Great Depression. Decisive action staved off the worst.

And yet the costs to every American of the financial crisis have been devastating nonetheless. Many have seen their house values drop precipitously, their savings threatened, their jobs eliminated or reduced,…