Sunday, April 19, 2009

The Real Story of AIG

First of all, some may be surprised to learn that AIG is a subsidiary of American International Corporation (AIC) and the parent has a most interesting history. AIC has succeeded in remaining invisible and does that by relying on secrecy because that's how its founders liked it. John D. Rockefeller, Sr., of Robber Baron fame, started the company in 1910. Other Barons of industry joined John D.; Andrew Mellon, J.P. Morgan, and Andrew Carnegie. Other American industrialists and bankers also joined the AIC venture. The reason such an illustrious group of giants came together was that knew the financial clout they could exert together would bring them even more

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