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By the way, Harry, the film of which you speak was "The Comic" (Col, 1969) starring Dick Van Dyke, Michelle Lee and Mickey Rooney. John Frankenheimer (whose obituary I wrote for Variety) did NOT direct or helm that movie. As a matter of fact, one of Frankenheimer's famous quotes was that he would NEVER work with Val Kilmer again. It's a long stretch from Mickey Rooney to Val Kilmer. Loved Kilmer in Oliver Stone's "The Doors."
I would guess that the bad investments Mr Rooney made were in the institution of marriage! His alimony payments must have been in the same ball park as those of Rex Harrison and Alan Jay Lerner, to name only a couple of other much married celebrities.