I don't trust the parents of these Kids. Anyone who even puts their kids in this position after the past allegations (which were dropped) is none too right in the head.
I think if he is found guilty, those parents should be next for reckless endangerment of a child.
I don't trust the parents of these Kids. Anyone who even puts their kids in this position after the past allegations (which were dropped) is none too right in the head.
I think if he is found guilty, those parents should be next for reckless endangerment of a child.
LOL!!!! well actully i guess that that has some truth behind it. i mean if i had kids and MJ showed up wanting to have them over for the night ii would not let them. and lets face it, MJ IS A THREAT TO SOCITY!!! i think they should just put him in a nice little padded room that is miles away from small childern!
Michael Jackson may lose his stake in the lucrative Beatles song catalog, as well as other assets.
NEW YORK (CNN/Money) - Guilty or not guilty, Michael Jackson appears to be sinking deeper and deeper into a financial hole that may cost him his lucrative stake in the Beatles music catalog as well as the rights to his own platinum-selling songs.
At Jackson's child-molestation trial in Central California, now in the hands of a jury, government witnesses testified that the legendary pop star is facing a severe cash crunch. Likely his most valuable asset: the Beatles song rights he bought in the 1980s for about $48 million, now estimated to be worth $400 million or more.
Bank of America, the nation's No. 2 bank, provided further evidence of a financial crisis when it recently sold two Jackson loans valued at $270 million to a private hedge fund, according to people familiar with the transaction.
To secure the Bank of America loans, Jackson offered as collateral his 50 percent stake in a Sony partnership that holds copyrights to more than 200 Beatles songs. The loans were also backed by Jackson's own music library and a partial deed on his Neverland Ranch near Santa Barbara, Calif.
Technically Jackson has defaulted on loan payments, one of the sources said.
Typically, when a debtor defaults or is about to default on a loan, terms are renegotiated. Another option is for the lender to sell the loan -- and the collateral that comes with it -- to another party. Bank of America chose to sell the loans to the hedge fund, New York-based Fortress Investment Group.
Depending on negotiations with Fortress, the risk that Jackson could lose the copyrights to the Beatles songs as well as his own hit recordings is real.
An accountant testifying at Jackson's child molestation trial in early May told jurors that the rock star is in financial straits. Forensic accountant John Duross O'Bryan said Jackson is spending about $20 million to $30 million a year more than he earns.
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Always read stuff that will make you look good if you die in the middle of it.
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