BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Donald Trump bails Ed McMahon out of foreclosure mess]]>http://www.bloggingstocks.com/2008/08/15/donald-trump-bails-ed-mcmahon-out-of-foreclosure-mess/http://www.bloggingstocks.com/2008/08/15/donald-trump-bails-ed-mcmahon-out-of-foreclosure-mess/http://www.bloggingstocks.com/2008/08/15/donald-trump-bails-ed-mcmahon-out-of-foreclosure-mess/#commentsFiled under: ,

Donald Trump, the Clown Prince of Capitalism and Chairman of Trump Entertainment Resorts (NASDAQ: TRMP), is back in the news. The Associated Press reports that he'll be bailing out Ed McMahon, the former Johnny Carson sidekick who defaulted on $4.8 million in loans on his Beverly Hills home.

Trump told The Los Angeles Times that he didn't know McMahon personally and is motivated by "compassion. . . When I was at the Wharton School of Business I'd watch him every night. How could this happen?"

Holy cow! When I read this story, I thought "Finally! I'll have a chance to do a nice piece on Donald Trump." Wrong. I am actually going to make history here and bash someone for helping an old man keep his house. First, why Ed McMahon? There are hundreds of thousands of people facing problems with their homes and, rather than quietly helping average Joe's with mortgage payments, Trump goes and spends millions of dollars to help one old rich guy keep his palace -- and then calls The Los Angeles Times to brag about it. Oh, and he had to remind everyone that he went to Wharton.

This act of charity, like everything Donald does, seems to be motivated by narcissism, grandiosity, and a thirst for publicity.

I'm caving into his desire to have his name all over the place, but I'm also calling BS on this billionaire bailout.

Donald Trump bails Ed McMahon out of foreclosure mess originally appeared on BloggingStocks on Fri, 15 Aug 2008 12:44:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpEd McMahonEdMcmahonForeclosureHousingFri, 15 Aug 2008 12:44:00 EST<![CDATA[Ed McMahon faces Countrywide foreclosure]]>http://www.bloggingstocks.com/2008/06/04/ed-mcmahon-faces-countrywide-foreclosure/http://www.bloggingstocks.com/2008/06/04/ed-mcmahon-faces-countrywide-foreclosure/http://www.bloggingstocks.com/2008/06/04/ed-mcmahon-faces-countrywide-foreclosure/#commentsFiled under: ,

With Jose Canseco firmly established as the least likable foreclosure victim, Ed McMahon might be the most sympathetic of the celebrity foreclosure candidates. The Wall Street Journal reports (subscription required) that long-time Johnny Carson straight man Ed McMahon "faces the possible loss of his Beverly Hills home to a foreclosure action initiated by a unit of Countrywide Financial Corp. (NYSE: CFC)."

As of February 28th, McMahon was $644,000 in arrears on a $4.8 million loan backed by the home. The six-bedroom house has been on the market for 2 years but the recent price reduction hasn't attracted a buyer.

Just when you thought Countrywide couldn't sully its reputation any further, the company might take Ed McMahon's house. And it gets worse. According to his spokesman, the 85-year old hasn't been able to work because he broke his neck in a fall 18 months ago.

What's next? CEO Angelo Mozilo accidentally sending a rude emai to a borrower who had the nerve to contact him in search of help? Oh wait, he already did that.

Ed McMahon faces Countrywide foreclosure originally appeared on BloggingStocks on Wed, 04 Jun 2008 11:08:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>CFCCountrywideEd McMahonEdMcmahonForeclosureWed, 04 Jun 2008 11:08:00 EST