Serves Nic Cage Right…
For being a horrible actor. From CNN Money:
Even Academy Award winners are suffering from financial woes this recession. Actor Nicolas Cage lost two homes in New Orleans worth a total of $6.8 million in a foreclosure auction Thursday.
The article says that Cage alleges that he got screwed by his former business manager. This bit of information makes CNN’s attribution of this to the recession ridiculous; if you’re going to create absurd syllogistic fallacies, you might as well make it interesting:
the economy is in recession;
Nic Cage has financial problems:
therefore, Nic Cage is in recession
or:
the economy is in recession;
Nic Cage has financial problems:
therefore, Nic Cage caused the recession
In fact, this news has nothing to do with the recession or the real estate market. IMDB reports five projects in production for Cage for 2010, in addition to four films from 2009 for chrissakes. The real news here is the fact that yet another trusted financial advisor was a shyster.
Let that be a lesson to you, keep an eye on your money. Even if someone else manages the day-to-day, you’ve got to pay attention: require and read periodic reports. That’s common sense, I would think (but then again I gave up assuming things were “common sense” a long time ago).
I’m kinda kidding about the horrible actor thing, he was good in Leaving Las Vegas and Raising Arizona. Everything else was crap, though.
