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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."
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