The Mudcat Café TM
Thread #121842   Message #2666905
Posted By: the lemonade lady
29-Jun-09 - 04:17 AM
Thread Name: Obit: Michael Jackson (1958-2009), age 50
Subject: RE: Obit: Michael Jackson -age 50- Jun 2009
"The nature of Jackson's foibles weren't extraordinary, though their magnitude and their reverberations might be. His finances were a shambles, but so were Ed McMahon's; Jackson's debt, however, was measured in the hundreds of millions of dollars and his assets included publishing rights to hundreds of Beatles songs and the famous, or infamous, Neverland Ranch outside Santa Barbara. Attempts to untangle his personal finances involved Citigroup, Bank of America and Goldman Sachs, Wall Street institutions more accustomed to resuscitating patients such as AIG and General Motors. The luminaries who flocked to his side to lend their assistance in his many hours of need while basking in his reflected glow included Ron Burkle, the Rev. Jesse Jackson, Al Sharpton and Johnnie Cochran. Who was exploiting whom in these relationships? It's impossible to say."