Benzinga's Political Round Up, August 24, 2011

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Moody's
downgraded Japan's credit rating
to Aa3 from Aa2, citing "large budget deficits and the build-up in Japanese government debt since the 2009 global recession." Angela Merkel
rejected claims
that Greece should provide collateral for its bailout. New York AG Eric Schneiderman has been
removed from a committee
of state attorney generals negotiating with banks like Bank of America
BAC
, J.P. Morgan
JPM
, Wells Fargo
WFC
, Citigroup
C
and Ally Financial over their foreclosure practices.
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