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Citigroup Sells Hotel That Launched AIG Effect

Apr 7, 2010 8:21 AM

From Reuters.com:
Washington Holdings Buys St. Regis Monarch Beach for $235 Million
Washington Holdings, a private real estate company, said on Tuesday it bought the St. Regis Monarch Beach Resort, which became infamous after American International Group Inc. executives spent lavishly there weeks after a receiving a tax-payer bailout. Click here for the full story.

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