Benzinga's Political Roundup (AMD, AIG, T)

Raj Rajaratnam was found guilty yesterday of insider trading on companies like AMD AMD. Rajaratnam was convicted on all 14 counts of securities fraud and conspiracy against him. According to sources close to the situation, the $9 billion American International Group AIG stock sale from the U.S. Treasury may be scrapped if it can't be done profitably. Finland's government agreed to support the aid package for Portugal, after weeks of talking about not supporting it. German Chancellor Angela Merkel endorsed Mario Draghi to succeed Jean-Claude Trichet for the presidency of the European Central Bank. Draghi is seen as an inflation hawk. U.S. senators are concerned about the proposed AT&T Inc. T purchase of T-Mobile for $39 billion, and how it will hurt competition. Lawmakers are set to unveil legislation that would replace Fannie Mae and Freddie Mac with at least five private companies.