Foundation of the company, with mention of the current concerns: http://china.blogs.time.com/2008/09/18/aig_and_china_could_a_special/
Timeline showing the expansion of the company across China under multiple names, and the joint venture formed in 1980: https://www1.aia.com.cn/aiaEng/Web/AboutUs/Aig.jsp China Investment Corp buys Alico (an AIG owned subsidiary) in 2008: http://www.forbes.com/2008/11/21/aig-china-insurer-markets-equity-cx_twdd_1121markets02.html Currently, the majority shareholders of AIG are Chinese interests. It doesn't matter where the headquarters are, my friend. It matters who owns the most stock. As it turns out, more AIG stock is owned by Beijing than by New York. On Mon, Mar 16, 2009 at 1:39 PM, gruff <[email protected]> wrote: > > "... On Mar 15, 7:59 pm, Chris Jenkins <[email protected]> > wrote: ..." > >> The real risk comes from the fact that AIG is a majority owned Chinese >> corporation, and that the Treasury notes which are funding the bailout are >> being purchased predominantly by Chinese interests. If we discontinue >> pouring tax dollars into the fiscal black hole which is AIG, Chinese >> interests may discontinue purchasing treasury bills. It's economic blackmail. > > Where did you come by that mistaken notion, Chris? AIG was started as > an international corporation by an American businessman in Shanghai in > 1919 and has since grown to become the 19th largest corporation in the > world with it's headquarters in New York. At the present time almost > 80% of AIG is owned by the Federal Reserve. Chinese and/or Asian > ownership of AIG never was unless you consider the trillion dollars in > U.S. government bonds China owns as an indirect interest in AIG. But > that would be false logic and faulty reasoning. We owe China a > trillion dollars ... they are not about to cause us to fail and have > even indicated worry over the stability of the U.S. economy. > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/Minds-Eye?hl=en -~----------~----~----~----~------~----~------~--~---
