Jermaine Jackson Bails on Families Executor Claims...

Well, well, well... it looks like someone has put some coins in Greasy Scrunch Jackson's back pocket too since he's suddenly changed his mind about challenging the executor's of Michael's estate and is now "extending an olive-branch" - Translation: Show me the money... show me the cash, money!

Sadly, this thing (that we hear was started by Jermaine's Glisteny California Raisin lookin' a$$, who then enlisted the help of his family members) has spiraled out of control and with Jermaine realizing that he stands to lose much more than he stands to gain by fighting the estate - he's not with it anymore.

Here's what's being pushed around gossip circles: Jermaine don't have a damn dollar (really?), and what he reportedly started has potentially cut him off from Katie's coins. Check it: If Katie Mae Jackson was getting a reported $77,000 per month to raise Michael's children, then Jermaine could easily get a beg in for some of that cash each month to remain afloat - but with the estate threatening to support TJ Jackson's guardianship, leaving Katie Mae out in the cold, so goeth Jermaine's cash flow... this, we hear is what lead to the reversal.

Sadly, Janet, who was never in it for the money, but was duped into joining her siblings in this entire debacle, may end up being the lone person who ends up hurt financially. Clearly the brothers stand to lose nothing in this because nothing from nothing leaves nothing - but Janet had almost revived her career after the super bowl tiddy flop, but since she backhanded Paris, and white folk ain't feeling that - they are mad as hell at her.

I hear Janet is at the point of bailing on the claims as well, but she's also so pissed at her family for getting her involved in this scheme that she's reportedly at the point where she's willing to pull a Michael and distance herself from them for good and move on to the good life with her billionaire boyfriend while leaving her siblings to envy her through the blogs and magazines.

Long story short, Jermaine just posted a long letter on his Twitter account, writing, "I rescind my signature from the letter which was sent to the Estate, and which should never have gone public."

"I still hold deep reservations about many issues involving the Estate, and I will continue to bring scrutiny and a resolute voice wherever we have cause for concern. But the way to address such matters is through the proper channels and via a private dialogue, not public conflict."

He adds, "In this spirit, I offer this statement by way of extending an olive-branch."

Greasy follows in the footsteps of his brother Tito, who withdrew his signature last week from the siblings' July 17th letter to the Estate, in which they accused the executors of failing at their job and stressing out Katherine Jackson so badly she suffered a "mini-stroke."