Lady GaGa Is Broke (Again!)

In an interview with the highly reputable British tabloid The Sun, Lady GaGa confessed that she is “flat broke.” The real surprise? “I’ve gone bankrupt about four times now.”

LadyGaga-PokerFaceFour times! I’m not sure whether to be horrified that being one of the most famous people IN THE WORLD (for the months of May through August, 2009, and then never heard from again) doesn’t ensure some kind of financial security. Or if it cheers me up to think that Famous People are just as bad with money as the rest of us.

Now, we all understand Lady GaGa’s expensive and unique wardrobe needs. Well first of all, clearly she should be shopping at our store, because if she’s going bankrupt on her wardrobe, she’s obviously paying too much!

Second of all, okay, she goes through five dozen costume changes just in the “Poker Face” video alone, not to mention those baffling sunglasses (goggles?) that say “POP MUSIC WILL NEVER BE LOWBROW” in LEDs. And I’m sure her Great Dane rental bills are substantial. But do I have to be the one to point out that all of those clothes and gadgets should be tax deductible as a business expense?

Later this year, Lady GaGa is going out on tour with Kanye West. Let’s hope that they’ll have some free time together, so that Kanye can sit her down and dish out some solid advice. Kanye West is a public advocate of prenuptial agreements, and his famous line “Having money’s not everything. Not having money is” is like a Zen koan of financial advice.


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Michael Vick Files for Bankruptcy??!!

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I’m a Vick fan and yes still a Falcons fan, so it deeply saddens me to bring you this news. It’s rare that I’m speechless, but I guess this is what happens when the checks stop rolling in.

I’m going to bring you the story and let the music play in the background:
When an American arm of Royal Bank of Canada set up a $2.5-million (U.S.) line of credit in January, 2007, for Michael Vick, it seemed like a safe bet.

At the time, Mr. Vick was a star quarterback with the National Football League’s Atlanta Falcons and he was in the third year of a 10-year, $130-million contract.

Seven months later, though, Mr. Vick was indicted on criminal charges relating to a gambling venture that involved dog fighting. He pleaded guilty and received a 23-month jail sentence, ending his lucrative contract and, potentially, his football career.

By that time, Mr. Vick had borrowed around $2.3-million from the line of credit.
Full Story

In more positive news… Michael Vick’s dogs are getting a second chance.


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