Washington's banking community was in stitches last week thanks to two phony memos parodying an exchange between House Banking Committee Chairman Jim Leach and House Speaker Newt Gingrich.

The bogus memos, whose author remains anonymous, draw inspiration from a July 25 communique from Rep. Leach to Speaker Gingrich, in which the Iowa Republican complained of the tribulations of making peace between bankers and insurance agents.

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