AIG & Ichan
by Anonymous Questions | February 23, 2016 5:01 pm
I have written a letter to the CEO / Chairman of AIG advising them how they could get out of the SIFI Status with FED Oversight. I said that Bershire Hathaway started with a holding company to hold GEICO. It through off tremendous cash to buy other companies. Why can’t AIG do the same. Create a holding company and there’s a few companies I recommended, e.g., Catapillar and GE’s Appliance Division and maybe Syngenta to start with. Why should we let AIG which originally started in China[1], let the Chinese guy Syngenta and GE’s Appliance Division. I have a problem with China buying everything. Especially, when they bought IBM’s PC Division and have turned it into a military weapon. I believe they are stealing the liquidity out of our banks. Banks stocks have been tanking. The macro economy is being manipulated by China commodities. They were buying heavy iron ore[2] from Australia[3] and Brazil[4], not any more. Why? Are they heading us for a world collapse? Are all their 150,000
government businesses bankrupt like a 150,000 Enrons. Is the Yuan a bankrupt currency. IBM’s going great guns into bitcoins. How do we investors benefit from bitcoin? I haven’t heard recently about the canoe rowing brothers from Harvard who sewed the Facebook Guy: Zuck about their bitcoin ETF. Any ideas on these subjects. Any investment ideas, kimosabey?
- China: https://www.stockgumshoe.com/tag/china/
- iron ore: https://www.stockgumshoe.com/tag/iron-ore/
- Australia: https://www.stockgumshoe.com/tag/australia/
- Brazil: https://www.stockgumshoe.com/tag/brazil/
Source URL: https://www.stockgumshoe.com/2016/02/microblog-aig-ichan/
I wrote a letter to AIG and met an AIG executive at a Miller’s Brewing House and suggested they become another Berkshire Hathaway which started with a holding company
holding GEICO which threw off tremendous cash so Warren could purchase other companies and take them private. He would say to the new CEO of company he purchased, just don’t lose my money. The profits minus the Operations Costs were pooled to purchase more companies. Now you have AIG which started in Hong Kong or Shanghai around 1902.
I believe it should create a holding company and start buying other companies. CAT, Caterpillar, would be a good purchase. The stock is depressed because of the commodities depression brought on by China. China is heading the world market to world depression. Ask Rob Ricketts who advises the Joint Chiefs. CAT used to buy everything. I worked at Ohio Gear which was bought by Towmotor Corp. and the big CAT bought Towmotor Corp. After AIG buys CAT, they need to create lake digging robots and golf course creation robots because 70 million baby boomers are retiring and want to live on lakes and golf courses. This would be a good investment. In order for AIG to avoid SIFI Status with the FED, they need to get rid of their mortgage unit. The executive said, they are reorganized into 9 units. That’s fine good and dandy. How are you going to avoid insuring mortgages full of crap, e.g., NINJA LOANS, LIAR LOANS, etc. Benmoshe brought that company back to life. Also, GE needs to sell its appliance division to AIG holding company. It makes money. It’s a good business. It’s a no brainer. What are your thoughts on this. AIG was a piece of crap under that old Geezer who sued the US Government for saving the company. The stock holders would have gotten nothing in a bankruptcy. It did have sellable assets. That’s why it was bail outable. Lehman Brothers didn’t have any liquid securities that Mr. Paulson and the FED valued. They probably didn’t have enough money to bail it out. Subsequently, the credit markets and over-night
markets froze up. Banks did not lend to banks. They held dearly on to their money. The 3 Canadian Banks were sitting pretty along with Jamie Dimon’s Chase Manhattan Bank. He did commit the 6 billion dollar whale problem just to stick his middle finger in the air while the FED and the US Treasury were struggling to save the world economy. What are your thoughts on this. Are our banks still under capitalized? Is the EU way under capitalized? Is China heading the world economy to a world collapse? Is China hiding 700% to GDP in debt in its 150,000 government owned businesses, e.g., good bank, bad bank, etc.?