Benzinga's Political Round Up (AMZN, AIG, JPM, EWJ, WFC)

Amazon.com AMZN is in a fight with the state of Illinois regarding sales taxes, as the state wants to collect sales taxes from goods sold. Amazon is severing relationships with Illinois affiliates as a result.

Banks like J.P. Morgan JPM and Wells Fargo WFC are fighting back a mortgage-servicing settlement proposal from regulators.

American International Group AIG is trying to buy back a portfolio of subprime mortgage bonds from the Federal Reserve Bank of New York for $15.7 billion.

A major 8.9 magnitude earthquake hit Japan this morning, which has affected Japanese stocks and ETFs EWJ.

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Posted In: PoliticsConsumer DiscretionaryDiversified BanksFinancialsInternet RetailMulti-line InsuranceOther Diversified Financial Services
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