This is "the largest ever Chinese acquisition in the U.S." AIG is an insurer that counts the U.S. government as its largest investor. The American taxpayer paid for a $182 billion bailout for AIG and then it is sold to the Chinese.
A $249 million grant from the US government – became the latest stimulus-backed company to file for bankruptcy, prompting a fresh look at disastrous Obama’s energy priorities. A Chinese car parts maker has won the auction for bankrupt US battery maker A123 Systems, in a further success in international deal making for Chinese groups.
In addition, according to the National Association of Realtors, non-American buyers accounted for $82 billion in home sales last year. More than $7 billion of that is by the Chinese, who are now the second largest foreign home purchasers after Canadians. They're buying high-end, multimillion-dollar homes from California to New York and paying cash.
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