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Date Posted: 01:34:37 07/22/09 Wed
Author: Bobby N. Harmon, CPCU
Subject:

AIG'S JUNKET RESORT GOES INTO FORECLOSURE!

"AIG'S JUNKET RESORT GOES INTO FORECLOSURE" - (An Exhibit in U S Dept of Justice vs Harmon)

Wednesday July 22, 2009

From: Bobby N. Harmon, CPCU

To: "President Barack Obama" , "U.S. Attorney General Eric Holder" , "David Farmer" , "Steven Guttman" , "Carol K. Muranaka" , "Judge David A. Ezra" , "Judge Kevin S.C. Chang" , "Judge Barry M. Kurren" , "Securities & Exchange Commission Enforcement Division" , "U.S. Treasury Dept. Office of Inspector General" , "Office of Inspector General US Dept of Justice" , "Executive Office for U.S. Trustees" , "Judge Robert Faris" , "SEC Office of The Inspector General" , "Hawaii State Bar Association" , "Hugh Jones" , "Insurance Division Fraud Branch" , "Lawrence Reifurth" , "Linda Lingle" , "Jo Ann Uchida" , "Office of Inspector General Civil Rights Complaints" , "Mark Bennett" , "American Arbitration Association" , "Judith Neustadter" , "Benjamin J. Cayetano" , "All Representatives" , "All Senators" , "Andrew Walden" , "Aon Insurance Managers" , "Arthur Rath" , "Benjamin Kudo" , "Bradley Tamm" , "Carl Morton" , "Charles Hurd" , "David Shapiro" , "Dee Jay Mailer" , "J C Shannon" , "James B Nicholson" , "James B. Farris" , "James Cribley" , "James Wriston" , "Jeffrey Watanabe" , "Jim Dooley" , "Joe Moore" , "John D. Finnegan" , "Judson Witham" , "Ken Conklin" , "Lyn Flanigan Anzai" , "Margery Bronster" , "Marsh Affinity Group" , "Michael N. Tanoue" , "Michelle Tucker" , "Nathan Aipa" , "Paul Alston" , "Randall Roth" , "Rick Daysog" , "Robert Bruce Graham" , "Robin Campaniano" , "Samuel P. King" , "William K Slate" , "Jim Terrack" , "Rocco Sansone" , "Ted Pettit" , "Laura Thielen" , "Vaughn & Lynda Robinson" , "Rebecca Christie" , "Catbird" , "James Duca" , "Ian Lind" , "Roy F. Hughes" , "Jack Cashill" , "Marshall Chriswell" , "Laser Haas" , "Lucy Komisar" , "Democrats.com" , "Debra Sweet" , "Jane Kirtley" , "John Jubinsky" , "Yamil Berard" , "Global Exchange" , "William K. Black" , "Carole Williams" , "Susan Tius" , "Human Rights in China" , "Michelle Malkin" , "Phil J. Berg" , "Amnesty International U.S.A." , "Michael Moore" , "California Anti-SLAPP Project" , "Thomas Fitton" , "Ron Branson" , "ACLU of Kentucky" , "ACLU Online" , "Louanne Kam" , "Fiona Tarazi" , "Eric Martinson" , "Bruce Nakaoka" , "Oswald Stender" , "Crystal Rose" , "Arthur Bryant"

AIG's junket resort goes into foreclosure

Posted Jul 21st 2009 11:20AM by Zac Bissonnette
Filed under: Amer Intl Group (AIG)

American Internation Group's (NYSE: AIG) top earners enjoyed a luxurious retreat at the St. Regis Monarch Beach resort in Dana Point, Caifornia -- manicures, pedicures and luxury dining at a cost of $440,000, with the tab helpfully picked up by the United States taxpayers.

But apparently that wasn't enough to save the resort from the ailing economy, and the property went into foreclosure yesterday. The Wall Street Journal reports (subscription required) that "The resort has missed payments since April on a $70 million mezzanine loan from Citigroup. The resort's $230 million mortgage, held mostly by units of Prudential Financial Inc. and a hedge fund, isn't in default, according to people familiar with the matter."

The resort continues to operate and there are no plans to shut the place down, although occupancy has continued to decline.

I think that, in the spirit of equal protection, the United States government should bailout the resort -- and give it enough extra cash to go buy some toxic derivatives from AIG, thereby helping that steaming pile of sewage deal with its own problems as well. I mean, why not? Why should AIG's creditors get bailed out while St. Regis' get told to go play with their Lenny Dykstra rookie cards?

Reader Comments (Page 1 of 1)

17-21-2009 @ 5:42PM

ilikeasianladies said...
Now if only AIG would go into foreclosure and never return for it..

27-21-2009 @ 5:45PM

ironmikej1969 said...
The picture you show is taken from the Ritz Carlton at Laguna Niguel, not the St. Regis, Dana Point!

37-21-2009 @ 9:06PM

catherine pierce said...
we have to demand that Congress put the dollar back on the gold standard to stop this economic free for all...and then they have to audit The Fed and then end The Fed (see endthefed.us) and then we need a fair tax (see FairTax.org) with no loopholes, no deductions, no filing and no more social engineering by Congress!

47-21-2009 @ 9:16PM

Donovan said...
No wonder Citibank sent out thousand of notices to their credit card holders. Their APR rates are going up to 29.99%
Nothing worse the foreclosing on a huge white elephant. Thats most likely worth several million less these days, then whats owed on it. And how does Citibank/Citicorp think they can afford the upkeep on this joint? Tax's, insurance, grounds upkeep, employees salaries, etc. O yea, Their screwing all their card members with excessive interest rates, plus they have tax payers TARP funds as well.

57-22-2009 @ 12:23AM

bluepacificvista said...
If it's the St. Regis that is in trouble, why do you post a picture taken from the Ritz Carlton - nearby, but a far more elegant hotel/resort, and on the water front at that!?

67-22-2009 @ 2:10AM

Bobby N. Harmon said...
I sincerely believe that all of AIG's executives who contributed to this mess should be sent on long, well-deserved vacations to the Sing Sing resort, or perhaps our government could better use our TARP tax money to refurbish and reopen the Alcatraz resort with its spectacular ocean views in every direction, to provide appropriate accommodations for these crooks.

For background information on why these vacations are well-deserved and long-overdue, please visit:

http://www.kycbs.net/AIG.htm
http://www.kycbs.net/Allied-World-Assurance.htm
http://www.kycbs.net/CITIGROUP.htm

Bon Voyage, American International Gangsters!

http://www.bloggingstocks.com/2009/07/21/aigs-junket-resort-goes-into-foreclosure/

* * *

July 22, 2009

Dear President Obama, Attorney General Holder, Trustee Farmer, Mr. Guttman, Ms. Neustadter, Judge Kevin Chang, Judge David Ezra, and All Concerned:

Due to the new discovery of facts that directly relate to this lawsuit which constitutes "prior restraint" and violates my constitutional rights of Free Speech and a Fair Trial, and Federal and State Anti-SLAPP statutes, I am adding the subject Exhibit.

You will find related information at:

http://www.kycbs.net/AIG.htm
http://www.kycbs.net/Allied-World-Assurance.htm
http://www.kycbs.net/Bailing-Out-Wall-Street.htm
http://www.kycbs.net/Bankruptcy-Buzzards.htm
http://www.kycbs.net/Central-Pacific-Bank.htm
http://www.kycbs.net/CITIGROUP.htm
http://www.kycbs.net/GoldmanSachs.htm
http://www.kycbs.net/Henry-Paulson.htm
http://www.kycbs.net/No-Bailout-for-Billionaires.htm
http://www.kycbs.net/Prudential.htm
http://www.kycbs.net/TARP.htm
http://www.kycbs.net/Treasury.htm
http://www.kycbs.net/WallStreet.htm
http://www.kycbs.net/CV05-00030-Witness-Campaniano-Robin.htm
http://www.kycbs.net/CV05-00030-Witness-Greenberg-Hank.htm
http://www.kycbs.net/CV05-00030-Witness-Inouye-Dan.htm
http://www.kycbs.net/CV05-00030-Witness-Matsumoto-Colbert.htm
http://www.kycbs.net/CV05-00030-Witness-McConaghy-Mark.htm
http://www.kycbs.net/CV05-00030-Witness-Paulson-Henry.htm
http://www.kycbs.net/CV05-00030-Witness-Rubin-Robert.htm

Mr. Farmer and Mr. Guttman, until these matters are fully resolved, I ask that you perform your mandated review of this Exhibit in accordance with Judge Ezra's Order, and advise me, whether or not, it contains any so-called "protected subject matter".

To all concerned parties, I respectfully request an immediate response to this letter. If I do not receive a response within 15 days, I will consider this as an admission that these pages contain no "PSM" as far as you are concerned, and that no involved party will file any objections to any Motion that I may make to reopen this case.

Very truly yours,

Bobby N. Harmon, CPCU, ARM

Additional References:
http://www.kycbs.net/
http://www.kycbs.net/Apartheid-Hawaii.htm
http://www.kycbs.net/BH-CHRON-88-96.htm
http://www.kycbs.net/BH-CHRON-97-99.htm
http://www.kycbs.net/BH-Settlement-Chronology.htm
http://www.kycbs.net/Bishop.htm
http://www.kycbs.net/Broken-Trust-Book.htm
http://www.kycbs.net/Confessions.htm
http://www.kycbs.net/CV05-00030-OUST-vs-Harmon.htm
http://www.kycbs.net/Freedom-To-Sing.htm
http://www.kycbs.net/HarmonArbitration.htm
http://www.kycbs.net/JUSTICE.htm
http://www.kycbs.net/Lost-Generations.htm
http://www.kycbs.net/RICO-in-Paradise.htm
http://www.kycbs.net/SLAPP.htm
http://www.kycbs.net/Whistler.htm
http://voy.com/129276/
http://whistlersongs.blogspot.com

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