Bankruptcy

RAPPER JIM JONES BROKE????

[Thanks P Prez] A music industry business manager has contacted SOHH.com and put Jim Jones’ dire financial situation on blast! This is what he had to say….. Via SOHH I read on the allhiphop.com rumor section that Jim Jones is getting sued by a team of producers who he jacked for his “Bad Santa” album. As a Manager for a producer who placed 4 tracks on this project and I can confirm this rumor as true. I have been trying for months to resolve this situation []

QUOTE OF THE DAY: DAMON DASH

“I wouldn’t blame David if he was jealous. I was hanging out with his beautiful wife all the time. I think he thought there was something going on between the two of us. I know they had a conversation about it. ‘Everyone knew we were just friends. But who can blame him? I’m a fly guy!” (Damon ‘ bruk pocket’ Dash talks about his past business relationship with Victoria Beckham (when he attempted to reinvent her as the next big R&B star), and implies that []

FOURTH LARGEST US INVESTMENT BANK LEHMAN BROTHERS FILES FOR BANKRUPTCY

…And the global financial crisis deepens. Can it get any worse?  Soon I might need to think seriously about getting a second job! Via BBC News The fourth-largest investment bank in the US, Lehman Brothers, has filed for bankruptcy protection, amid a growing global financial crisis. Lehman had incurred losses of billions of dollars in the US mortgage market. The move threatens to deal a further blow to the global financial system, as banks unwind their deals with Lehman. Merrill Lynch, also stung []