Monday, December 10, 2012

Own it

It looks like Barack Obama isn't the only one to own a bunch of America's debt. China has been approved to own a controlling interest in AIG which will literally control the American and global commercial aircraft industry.

Nice move mr. president. What else have you got up your sleeve, More fire sales of America to support your socialist Nirvana?

 Chinese Investors Buy 80% of AIG Plane Unit for $4.23 Billion

Chinese Group Buys 80% of AIG Plane Unit

A Chinese group agreed to buy 80.1 percent of American International Group Inc. (AIG)’s plane-leasing unit for $4.23 billion in the nation’s largest acquisition of a U.S. company.
The International Lease Finance Corp. acquirers, led by New China Trust Co. Chairman Weng Xianding, have an option to buy another 9.9 percent, New York-based AIG said today in a statement. The transaction, which values ILFC at $5.3 billion, passes China Investment Corp.’s $3 billion purchase of a stake in Blackstone Group LP (BX) in 2007 as the biggest Chinese-U.S. deal.

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