AIG was one of the great gaijin god entities that strutted around post-bubble Japan. I think their most profitable racket was the supplemental health insurance sold by 'American Home Direct'. Their Japan division was making huge amounts of money until US management got the brilliant idea of offloading the US branch's debt to the world divisions.
Meanwhile my non-profit supplemental health insurance cooperative just got taken over by Zurich Int'l. Here in Japan it never ends because the two dominant parties still think Japan is behind because its institutional investors only got 3-5% returns in the past decade, and not the world-beating American standards of 12-20%. One hopes the current events catch up and penetrate the ideological cloud, but that would asking capitalism to think. They are going to go ahead and try to float a privatization of the Japan Postal Savings and Insurance systems too. More about AIG in Japan. http://www.aig.com/home_348_92815.html http://www.aiginvestments.com/AIG/Funds/Funds+List/Equity/Asia/asia_japan_horizon.htm http://www.tradingmarkets.com/.site/news/Stock%20News/1828278/ http://books.google.com/books?id=pYIJE1KBTegC&pg=PA193&lpg=PA193&dq=AIG+in+Japan&source=web&ots=XxooGJLAeE&sig=jZsUtqVdoGRb_fR2tC31mh37Wmk&hl=en&sa=X&oi=book_result&resnum=9&ct=result CJ _______________________________________________ Marxism-Thaxis mailing list Marxism-Thaxis@lists.econ.utah.edu To change your options or unsubscribe go to: http://lists.econ.utah.edu/mailman/listinfo/marxism-thaxis
