AIG sells Japan headquarters for $1.2 billion

[Coventina]

Source: Associated Press

CHARLOTTE, N.C. (AP) — Embattled insurer American International Group Inc. said Monday it is selling its Japanese headquarters to Nippon Life Insurance Co. for $1.2 billion in cash.

The transaction, which would be among the biggest divestitures New York-based AIG has made to reimburse the U.S. government for its massive infusion of aid, is expected to close in the second quarter.

The 35-year-old building is 15 stories and sits on prime real estate in central Tokyo, next to the Imperial Palace. The property consists of about one acre of land.

AIG's roots in Japan extend back to 1946, and the company is now the country's biggest foreign casualty insurer.

Read more: http://www.google.com/hostednews/ap/article/ALeqM5glxbPcshc1J3mNSsUSwAcGebbHEQD98439880

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Good, we might get a tiny bit of our money back.

[KansDem]

1. "Good, we might get a tiny bit of our money back."

Maybe some of us can volunteer to man the phones and call the CEO repeatedly. We could:

1) Ask him to confirm his name, address, and phone number.
2) Ask him when he plans on making payment. Offer to do a "check by phone" and tell him this would help end the calls until time for the next payment.
3) Ask him for the reason why he fell behind.

Oh, and we can say at the outset that the call is being recorded for "quality-control" purposes.

And be sure to mispronounce his name...

on edit: And if he should miss a payment, we could jack up interest on his loan to 29.99%...

[Coventina]

2. LOL! That's a fantastic idea!

:thumbsup:

on edit: typo

[LeftHander]

3. Fortune 500 having more and more Yard Sales....nt

[LeftHander]

4. Oh and they probably could'nt afford the insurance any more....nt

[ConcernedCanuk]

5. Japan buying out businesses in the country that bombed the shit out of them

.
.
.

USA is still running around the world like the only guy that ever got a hard-on

screwing everything in sight . . .

While all those "defeated" countries slowly build up their financial strength to topple the bully with the guns . .

Anyone in the USA Administration taking note?

nope

still doing the "bully" thing

more guns, more bombs, that'll fix everything . . .

SO WRONG!

idjuts

[Coventina]

6. FYI: Japan attacked the United States first.

Second point: This sale of AIG Headquarters is a sign of the weakness of the United States, not aggression.

So you should be happy about this news, since you hate the United States so much.