Breaking News Wednesday March 4, 2009
http://blogs.myspace.com/tom_heneghan_intel
Explosive Back Breaking New
by
Tom Heneghan
International
Intelligence Expert

UNITED
STATES of America - Thanks to a major European INTERPOL
investigation aka Spiderweb, it can now be reported that U.S. Justice Department
investigators have connected the dots on the Bernard Madoff and Sir R. Allen
Stanford Ponzi Schemes.



AIG:
Inquiring Minds Want To
Know
The history of AIG includes...
1919 The AIG companies were one of the very few U.S. companies to have their origins in China when their founder, C.V. Starr, formed American Asiatic Underwriters in Shanghai.
1921
C. V. Starr founded Asia Life Insurance Company, the first foreign life
operation to offer products and services to the Chinese people.
1931
International Assurance Company, Ltd was established.
It was renamed American International Assurance Company, Limited in 1948.
1975 AIG former Chairman & CEO, Maurice R. Greenberg, made his first visit to Beijing and has since traveled many times to China.
1980 The AIG companies opened a representative office in Beijing, the first set up in modern China by a foreign financial institution. China America Insurance Company (CAIC) was formed as a 50-50 joint venture between AIG companies and the People's Insurance Company of China (PICC). This was the first joint venture between a foreign insurance organization and PICC.
1990
The AIG companies organized, financed and chaired a major financial services
conference in Shanghai to assist then Mayor Zhu Rongji in introducing the
international financial community to investment opportunities in Shanghai.
1992
The AIG companies strengthened their presence in China through a branch office
of AIA in Shanghai, the first foreign-owned life and non-life insurance business
to receive a license from the People's Bank of China.
1994
AIA-Shanghai and Fudan University jointly established AIA-Fudan Actuarial Center
AIA Information Technology (Guangzhou)
Co., Ltd. was established.
1995
The AIG companies were granted life and non-life insurance licenses for
Guangzhou by the People's Bank of China.
1996
AIA signed a 30-year lease agreement on the building at 17 Zhongshan East No. 1
Road in the heart of Shanghai's famous Bund. This special building was home to
C. V. Starr's original Shanghai insurance companies. AIA-Zhongda Actuarial
Center was established in Guangzhou.
1997
On approval from the People's Bank of China, AIA Shanghai General Insurance
Division was re-named and established as AIU Insurance Company Shanghai Branch.
1998
AIA celebrated its historic return to Shanghai's Bund.
1999
The AIG companies obtained licenses from the China Insurance Regulatory
Commission (CIRC) to operate life and non-life insurance business in Foshan and
Shenzhen. AIA and AIU Foshan sub-branches and Shenzhen branches were officially
opened to operate life and non-life insurance. AIA-Keda. Actuarial Center
was established in Hefei, capital of Anhui province.
2000 AIA Information Technology (Beijing) Co. Ltd. was
established.
2001
The AIG companies were granted approval from the CIRC to
set up wholly-owned life insurance operations in Beijing and Suzhou, as well as
two sub-branches in the cities of Dongguan and Jiangmen in Guangdong Province.
A representative office was opened in Chengdu, Sichuan Province.
2002
AIA branch offices were opened in Beijing and Suzhou, and sub-branch offices in
Dongguan and Jiangmen. AIG Consulting Services Co, Ltd. was established in
Beijing AIG Global Investment Corporation (Asia) established a representative
office in Shanghai AIA-Beida Actuarial Center was established in Beijing.
2003 The AIG companies acquired a 9.9% stake in PICC P&C's outstanding share capital at its Initial Public Offering in Hong Kong, and reached a co-operative agreement with PICC P&C to develop the accident and health insurance market in China.
2004 AIG Global Investment Corporation, Huatai Securities Company Limited and three other participants were granted approval from the China Securities Regulatory Commission (CSRC) to start preparatory work for the establishment of AIG-Huatai Fund Management Company Limited. The compamy was approved to open business in November.
2005
Approved by the China Securities Regulatory Commission, The Ministry of Commerce
and the State Administration for Industry and Commerce, AIG Global Investment
Corp. raised its stake in AIG-Huaitai Fund Management Company Limited, from 33
percent to 49 percent. AIG Private Bank Ltd. received approval from the
China banking Regulatory Commission to set up its representative office in
Shanghai. It is the first foreign private bank to receive approval to open
a representative office in Shanghai.
Hmmmm.
Note
that AIG has been selling insurance in China.
Assets.
Hmmmm...
we all assumed those "assets" were mortgages.
But
were they mortgages?
Maybe
not.
$150
billion in "loans" out thus far to AIG.
An
extraordinary amount, more than extended to any
other institution - even more than Fannie and Freddie (each.)
Even Citibank, which has come to the TARP window twice, has only an asset guarantee, not an operating line of credit of that size. We've also "guaranteed" (or "taken on") tens of billions more in "bad assets" (presumably credit-default swaps, which might be open-ended obligations.)
Now AIG, a company founded in China in 1919, with very strong ties in China, is about to report a $60 billion dollar loss in one quarter and is reported to be seeking even more money - or at least a conversion to common equity - from the federal government.
This is what The Fed said in November:
“Counterparties
around the world continue to
have significant exposure to AIG, and market conditions continue to be fragile
and sensitive to the potential disorderly failure of AIG,” the Fed said in a report
in November.
Its
been three (more) months. Have those
exposures been unwound?
If so, nobody's said a thing about it.
How come?
More
to the point, exactly who are we bailing
out here? You did say "around the world", right?
Are we bailing out AMERICAN companies?
Or
is the truth just a bit different and we're not
being told because, well, "We The People" might start chanting
"When in the course of human events...." were we to be told the truth
about where $150 billion has already gone, why we took on some $60 billion
in guarantees, and where up to one quarter of a trillion dollars may have
disappeared to as of Monday.
Don't you think we deserve some of that promised transparency?
Oh, and what was Hillary doing talking with China about buying treasuries the other day?
Just
curious.
TOM HENEGHAN'S EXPLOSIVE INTELLIGENCE BRIEFINGS
International
Intelligence Expert, Tom Heneghan, has hundreds of highly credible sources
inside American and European Intelligence Agencies and INTERPOL--
reporting what is REALLY going on behind the scenes of the controlled mainstream
media cover up propaganda of on-going massive deceptions and illusions.
