JAY-Z BACKS MICHAEL PHELPS

So Hov's not afraid to speak his mind these days. After supporting his Rihanna, looks like he's got some words for Micheal Phelps too. According to the NY Daily News:



“You look at all these people who graduated from Princeton and Harvard, who are supposed to be pillars of the community — every day [they’re] in the newspaper arrested for some kind of financial fraud,” the Grammy winner told Cigar Aficionado magazine for his first-ever cover appearance. “Then you look at someone like Michael Phelps. He’s 23. What’s he gonna do? He’s a kid. He’s going to experiment.”

He went on to say, “They say there’s no honor among thieves — that’s not really true. When I was on the street . . . if you back on your word [out there], they don’t take you to court. You can cause yourself some real problems. When I first came into the music business, I’d have these conversations with executives and we’d shake hands on something, and the next time I saw them they’d say, ‘I never said that.’ So I’d say there’s no honor among businessmen.”