Benzinga's Political Round Up, August 22, 2011

The Obama administration is putting pressure on New York Attorney General Eric Schneiderman to drop his opposition to a settlement with banks over foreclosure practices. Brent crude oil prices fell after reports came that Libyan leader Muammar Gaddafi's regime may be close to falling. The Federal Reserve lent $1.2 trillion to banks during the 2008 financial crisis, including names like Morgan Stanley MS, Citigroup C and Bank of America BAC. Angela Merkel again reiterated her opposition to eurobonds despite increasing pressure for them.