P.S. It's not just about the common stock under AIG. I fully recognize that as AIG has fallen into a hole, that the Fed has been buying up their assets. Just keep in mind that as a trans-national, not all of their holdings are right on the surface, and not all of their ownership is determined by possession of inventory. It's AIG, AIA, and AIG-Huaitai, along with the various collaborative holding entities, and AIG Private Bank LTD. The US is STRICTLY throwing money at one entity.
On Mon, Mar 16, 2009 at 3:09 PM, Chris Jenkins <[email protected]> wrote: > 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 -~----------~----~----~----~------~----~------~--~---
