Thursday, February 28, 2008

The Mortgage Crisis Hits Michael Jackson

I just saw on the news that Michael Jackson (the singer) is going to lose the Neverland Ranch. It's being auctioned off in March because he is way behind in his monthly payments. That wasn't too surprising, since he has said that he didn't intend to live there again, anyway. What is shocking is that he is also behind in his mortgage payments on his home in Encino. That is terrible.

Nowadays a lot of people are giving money to presidential campaigns for Barack Obama and Hillary Clinton. I think that maybe somebody should take up a collection for Michael Jackson. After all, if the presidential candidates can raise so much money so fast (for nothing), why can't Michael? Hillary Clinton's campaign raised $35 million this month. Barack Obama raised $50 million this month. Michael's payoff on Neverland is $25 million. Therefore, it can be done. It's not like a bunch of stars wouldn't come together to make a video or something for him that could be downloaded on iTunes, with most of the proceeds going to the "Save Neverland" fund, or something like that. Or, even the "Save Michael" fund. It would be pathetic if Michael had to ask for free money himself, but not so if a bunch of fans did it. For the Jacksons to lose their Encino home would be terrible. I heard the news about Michael falling behind on his mortgage payments on my local news here in Los Angeles. Losing Neverland isn't such a bad thing- I wonder how much money that property is worth. Losing the house in Encino would be terrible.

Maybe Oprah's "Big Give" people will give Michael Jackson a few months worth of mortgage payments. That would be good. Although, Michael has been the epitomy of people living beyond their means. The poster child. I don't get it, though- he always denies publicly that he's having money problems, and yet doesn't seem to be doing any work to make any money now, and it's always in the news that he's short of funds. Dude, if you want help, you have to ask for it. Admit your problems and ask for help.

If Michael Jackson were to record a short song and put it up on iTunes, and say that a purchase would help him financially, I would buy it to help him out. Would you?

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