Benzinga's Political Roundup (AIB, IRE, USO)

German Chancellor Angela Merkel lost a key regional election yesterday, which would weaken her authority going forward. Ireland's government wants to put losses on debt holders of Irish banks such as Allied Irish AIB and Bank of Ireland IRE to help reduce the burden on taxpayers from the banking crisis. Oil prices USO are sliding on news that Libyan rebels retook control of two key port towns.