Comments on: Why Couldn’t Camel Make Payments on $52 Million Loan????

By: Truth or Consequences

Truth or Consequences — Sat, 06 Feb 2010 03:57:21 +0000

Do what thou wilt?

-the gospel according to jay z

By: IDONTLIKEU

IDONTLIKEU — Fri, 05 Feb 2010 19:31:09 +0000

Jay you know your wife don’t go for that richer or poorer shit. Greedy witches like her never do. Looks like you still won’t be giving any money to Haiti.

By: chrissy

chrissy — Fri, 05 Feb 2010 18:30:32 +0000

But for real though… it sounds like he got caught up like millions of other Americans with this housing market/ real estate crisis. The difference is he’s upside down on a $52 milli loan… goes to show no one is exempt. Rich, famous, or otherwise… the same rules apply.

By: DAT BOY BROOKLYN

DAT BOY BROOKLYN — Fri, 05 Feb 2010 16:37:17 +0000

SMH…… YOU CAN TELL THERE’S VERY FEW COLLEGE GRADS POSTING COMMENTS FOR THIS PARTICULAR ARTICLE… SMH UNEDUCATED DUMMIES STOP HATING!! IF U DONT KNOW SOMETHING ASK QUESTIONS…. JAY KNOWS EXACTLY WHAT HE IS DOING..DUDE IS FAR FROM BROKE

By: moneymagnet

moneymagnet — Fri, 05 Feb 2010 16:20:21 +0000

U GUYS ARE IDIOTS U STEADY TALKING ***** CAUSE U DON’T UNDERSTAND THE CONCEPT OF DOING BUSINESS. HE BORROWS THE MONEY FROM A BANK BUILD A HOTEL, CREATE A HYPE, SELL THE HOTEL AND MAKE A HUGE PROFIT WITHOUT EVER SPENDING A DIME OF HIS OWN. THAT’S HOW THE WEALTHY STAY WEALTHY, THEY CREATE AN APPEARANCE THAT THE POOR TRY TO ATTAIN AND WASTE THEIR MONEY TO DO SO. JAY-Z IS A SMART MAN WHO KNEW HE WAS DOING ALL THESE BUSINESSES AND HOW MANY RAPPER U KNOW GETTING MONEY LIKE HIM.
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First of all, I do understand business, and one thing I KNOW is that YOU DON’T spend $66 million before anything is built, ESPECIALLY in a recession. He’s not going to make that back in five years, let alone ten because NOBODY is BUYING ANYTHING! In order for him to turn a quick profit after spending over $100 million on this venture, he would HAVE to have a CASINO there, if it’s just a luxury hotel, he will have major issues, MOST of the hotels in NY aren’t filling up like they did in the past. This is a GLOBAL RECESSION! This was a silly idea, and obviously not well thought out, ANYONE with COMMON SENSE would’ve advised him NOT to do this NOW, and to probably do it elsewhere where the land is much cheaper.

By: Kool Breeze

Kool Breeze — Fri, 05 Feb 2010 15:54:34 +0000

Yeah jay needs a makeover his mug is starting to sag and the nose is getting bigger by the minute..he should use some of those stacks he got to do a few things to his face.

By: Kool Breeze

Kool Breeze — Fri, 05 Feb 2010 15:50:03 +0000

No doubt Jay has stayed under the radar no Irs liens, no defaults etc, but I hope he remains untouchable because the Irs is always looking for blood.

By: T

Fri, 05 Feb 2010 14:43:54 +0000

Get off of Camel’s tip.

By: Voice of Reason

Voice of Reason — Fri, 05 Feb 2010 13:46:58 +0000

@dontmatter, fa sho!

By: dontmatter

dontmatter — Fri, 05 Feb 2010 13:41:34 +0000

You have to look at it as a corporation. It is not Jay Z who is liable for anything, it is the corporate body. If the company loses 1 billion dollar, they can’t touch any of Jay Z’s personal money. That is why people incorporate to avoid putting their own money at risk.