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dimwit, who owns the aircraft leasing company? You don't want to mention that it's owned by AIG. Is the leasing section listed as a separate entity on Wall Street? You must be clever.
the leasing company is a subsidiary of AIG and not listed separately.Now mr. bartleby, tell me this: if PIMCO buys some bonds of the leasing company, how much of the money Pimco pays for the bonds goes to AIG?be clever.
You are so stupid that laughing at you is useless!AIG doesn't need to take the bond money that PIMCO pays. It will use the money to run the aircraft leasing company and the profits it generates go into AIG's overall profit.If you don't know what a wholly owned subsidiary means you might as well let a sleazy wall street con broker take care of your investment account.