Benzinga's Political Roundup (DNDN, MSFT, IRE, AIB, AIG, GOOG)

Benzinga 15 years ago

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The Federal Reserve has announced which banks borrowed from the Fed discount window during the 2008 financial crisis. A federal judge dismissed a lawsuit filed by pension funds who claimed Freddie Mac materially misrepresented its exposure to risky mortgage products. Vice President Joe Biden said yesterday that there was "good progress" in order to prevent a government shutdown next week. The Federal Reserve said it would reject AIG's (NYSE: AG) offer to buy back the securities held in Maiden Lane II, and will instead auction off the securities. Microsoft Corp. (NASDAQ: MSFT) filed a complain in the European Union over Google's (NASDAQ: GOOG) search dominance, citing antitrust concerns. Provenge, an expensive prostate cancer drug from Dendreon Corp. (NASDAQ: DNDN) will be covered by the U.S. government for use in older men. Ireland's central bank announced today that four bank, including the Bank of Ireland (NYSE: IRE) and Allied Irish Bank (NYSE: AIB) need to raise 24 billion Euros, a "stress test" showed.

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