Michael Jackson to lose Neverland? Should we bail him out?


There have been daily headlines about subprime borrowers facing foreclosure but now there's finally a story that can get my sympathy.

Michael Jackson's Neverland ranch is scheduled to be sold at auction on March 19 at Santa Barbara's downtown courthouse.

But a "Jackson insider" told CNN that it won't come to that: "Michael Jackson's ranch is not going to be auctioned off at the courthouse. The financing is all being worked out. There are plenty of lenders willing to work with him. The real estate market is very bad right now and Jackson is being affected just like many other Americans," the source said."

Originally published