Bankers Roundtable lobbyists Anthony T. Cluff and Alfred Pollard angered many members of the big-bank trade group last week by soft-pedaling its opposition to House Banking Committee Chairman Jim Leach's Glass- Steagall reform bill.

At the Roundtable's annual meeting in Phoenix April 13-14, most members made it clear they opposed Rep. Leach's bill because it would restrict bank insurance sales. Still, Mr. Pollard and Mr. Cluff danced around the ugly truth in an April 16 letter to the Iowa Republican by offering a bland commitment to "continue working" with him on insurance rules banks could accept.

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