Benzinga's Political Round Up

Australia unexpectedly raised rates last night, sending its currency higher. This is a positive for companies like BHP Billiton Limited BHP, who are based in Australia. The FDIC is suing a failed Illinois bank executives over the losses the bank accumulated, as it looks to recover some $2 billion. The SEC is investigating J.P. Morgan JPM over a deal it made with hedge fund Magnetar on investments in a fund called "Squared." The Canadian government has approved the acquisition of Potash Corp. POT by BHP Billiton BHP, despite several string being attached to the deal.