On November 12, 1999, U.S. President Bill Clinton signed the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act of 1933 (the separation of commercial and investment banks). Unlike the Berlin Wall that divided Germany, this wall should not have been torn down.
PBS.org: Video timeline: The tide of deregulation; the drumbeat of warnings
Update: November 12, 2009:
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