Re-Establish and Maintain the Separation Between Investment Banks and Commercial Banks - Second Draft

The Glass–Steagall Act kept our country depression-free for over 70 years. By maintaining a separation between investment and banking, it allowed banks to effectively serve their clients' needs instead of their own.
It was not until 1999, and the creation of the Gramm–Leach–Bliley Act, that that separation was broken. Within those twelve years, our country has experienced a dot-com bubble and a large financial crisis. Both of these situations were created by commercial banks investing their large quantities of consumer money into speculations. I urge you, President Barack Obama, to bring back sound investment to the United States by re-instating a separation between investment banks and banking.