Ed McMahon faces Countrywide foreclosure

Uhhh...... If he paid his mortgage he wouldn't be in forclosure. Tough cookies, sell and downgrade.

I beg to differ Zac,

The bank did not single out home owner Ed. The bank followed it's fiduciary responsibility.

Your article suggest (or ignores that) the repercussions to shareholders, tax payers, employees and others is of no consequence.

Mozilo may not be the Popes right hand man but he does not review foreclosures personally and what would be said if Ed received the "star treatment" and was not treated like every other mortgage holder.

The amount of the dilinquency is substantial and it is likely the bank has been trying to work something out for quite some time without success.

Where are all of Ed's friends now that he needs them?

This seems a little odd as Ed always struck me as a pretty bright fellow. I have little doubt that he received ample compensation for all the years on the tonight show, plus all of his later activity should have resulted in a tidy bank account. In other words, this guy should be living in a paid for mansion with substantial other assets to support it. Obviously, he is not as bright as I thought, at least on the business side.

Just watch - Ed's troubles will turn up in stories about the so called "mortgage crisis" we are having. Sorry, Ed and others, but what we are having is an "idiot's crisis."

Ed is different than anyone else. The bank should follow what the contract calls for. I'm sure Ed could live nicely in a much smaller home that he can afford...