This Is America: December 1, 2008
Listen: Jon Elliott: Wal-Mart Should Be Sued!
Tonight, on the December 1 edition of This Is America, with Jon Elliott...
Jon will be joined by Richard Wolfe of Newsweek and one of Talk Radio News' great journalists tells our listeners the latest in Capitol Hill goings on.
In addition to that, as Jon does on the first of every month, he will be reading the names of the courageous men and women who gave their lives in Iraq while serving their country.
And of course Jon will be taking your calls at 866-303-2270. So make sure to tune in to tonight's jam packed edition of This Is America with Jon Elliott.
You may also dial in and hear the show through Cellecast at 206-400-2860.
- FILED UNDER: Host Posts
- December 1, 2008
IS THIS WHERE MY TAX $$$$ WENT WHEN WE BAILED AIG OUT?
IS THIS WHERE MY TAX $$$$ WENT WHEN WE BAILED AIG OUT?
Hi Jon, I got this in my e news alerts from the Miami Herald. Now we know where some of our tax $$$ went? Did we bail them out 2X so didn't appear to be in bankruptcy when they sold? ............ AIG sells AIG Private Bank to Abu Dhabi firm
THE ASSOCIATED PRESS
CHARLOTTE, N.C. -- American International Group Inc. on Monday said it has agreed to sell its wealth management arm AIG Private Bank Ltd. to Aabar Investments PJSC of Abu Dhabi.
Terms of the deal, which is part of the New York-based insurance company's restructuring plans, were not disclosed.
Under its new ownership, AIG Private Bank will become an independent financial institution, headquartered in Switzerland along with branches and representative offices in Hong Kong, Shanghai, Singapore and Dubai.
The wealth management company will conduct business under a new name and will continue to focus on providing wealth management services.
"This sends a clear message to our customers that we will continue to be a trustworthy, reliable and competent partner for them," Chief Executive Eduardo Leemann of AIG Private Bank said in a statement.
Leemann and his senior management team will remain with the bank, AIG said.
Faced with a liquidity crunch, AIG said in October it would sell off a number of business units to pay off a $85 billion government loan. The insurer's total government assistance has now risen to about $150 billion.
The company has not specifically disclosed the assets it would sell or the expected prices from the sales. However, AIG has said it plans to retain its U.S. property and casualty and foreign general insurance businesses, and plans to retain an ownership interest in its foreign life insurance operations............. Marilyn from Florida
- Email this page
By MarilynforobamaDecember 1, 2008 - 8:32pmIn Courtroom Showdown, Bush Demands Amnesty for Spying Telecoms
http://blog.wired.com/27bstroke6/2008/12/feds-eff-arguin.html#more
If all else fails, immortality can always be assured by spectacular error. ~~~John Kenneth Galbraith
- Email this page
By nonexistent manDecember 2, 2008 - 12:43am