Benzinga's Political Roundup June 10, 2011

Ally Financial is delaying its $6 billion IPO due to bad market conditions. Ally is majority owned by the U.S. government. The Federal Reserve is now the largest owner of U.S. Treasuries, surpassing China. The United States and Switzerland are in discussions to have several Swiss, such as UBS UBS and European banks join a common settlement and avoid potential U.S. prosecution for helping wealthy Americans avoid taxes.