A few weeks ago we suggested that the two of you with decent bonuses this year go bid on Michael Jackson’s Neverland Ranch. The estate was set to be auctioned off March 19th, unless Jacko came up with the $24.5 million he owed on the property, which nobody thought he would on account of the fact that he’d blown the extra money he got (by refinancing his mortgage) on pop rocks and an ice cream truck. Having one of DealBreaker’s own move into the place that’d been the site of so many happy memories for the lover o’ children would’ve been the silver lining to a very shitty situation. Guess what though? Didn’t come to that! Page Six reports that Mike just worked out a “confidential” refinancing agreement with Fortress Investment Group and will retain ownership of the place. So much brotherly love today. This is what it’s about people, one entity whose intelligence had never before come into question helping another entity, who should’ve been put out of its misery years ago, hold on for just a little while longer. It’s really quite moving. And get this– we hear that Fortress, like JPMorgan re: Bear, doesn’t even stand to benefit, monetarily, from the deal. Apparently the “confidential” terms of the deal simply require that Jackson perform a few sets at the company’s upcoming family BBQ, and not touch anyone’s kids, which just goes to show you, that guy really does love that ranch.
Earlier: Buy Neverland Ranch, Don’t Matter If You’re Black Or White
Jackson Reprieve [NYP]
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I’m going to find a homeless guy later today and give him some cash. I figure I’ll get at least as much return as JPM and Fortress will get from Bear and the King of Pop.
Fortress is nice? Intelligence never called into question? You do know about John Edwards, Fortress, and Katrina mortgages? I guess we’re alike – too lazy to search.
@12:06 or you’re just too dumb to get sarcasm? seriously, it’s sort of a prerequ. for reading Bess’s stuff. get a clue and then get back to us.
And if you don’t like the link below, keywould search on “Edwards Fortress Assholes Katrina Buzzards Prime Lending Hypocrites”. I’m sure one of those terms will get you an ever better version of the story.
http://news.aol.com/elections-blog/2007/08/17/edwards-hypocrisy-katrina-victims-edition/
jesus christ, man, we get that you got fucked by fortress at some point but, for the record, she never called FIG “nice,” and IT’S A JOKE. moron.
Maybe they get Mike’s claim on the Beatles’ royalties
They probably got a piece of his publishing rights. Think about it.
@12:10 So be it then, but reading this post Fortress *is* doing something nice/helpful for a famous singer in financial trouble and therefore they could appear to be nice/helpful to a lot of people. Her writing does lack clarity IMHO, but I’m certainly not the first to complain about her writing style.
@12:12 Helping someone out is typically considered nice by most people. Then again, maybe at your firm (and the DB community) it’s considered backstabbing.
@anyone else? – bring it on!
@ psycho who apparently got fucked by fortress– her writing lacks no clarity, you just lack the brain cells to parse sarcasm from sincerity. yes, i’m sure bess would sincerely write the line, “it’s all really moving.”
– you sir, are an idiot
wtf … theres another story besides BSC on DB today? why even bother?
@12:27 Honey if that makes you sleep better at night, then believe what you want. Denial is not just a river in Egypt.
Q: What’s the difference between Michael Jackson and a Glad Bag?
A: One’s made of plastic and children shouldn’t play with it, and the other is a sack you put your trash in.
You should have started an open thread for the BSC call going on now . . .
– Dave Chappelle
Ha, I bet the conversation went something like this:
“We’re from Fortress, and we’re here to help.”
DC -
We could start one in the Community forum I guess.. But it’s too late, since it’s already started
-mrp