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Ed McMahon Loses All Dignity

Ed McMahon, the former “Tonight Show” sidekick will star in two viral rap videos for FreeCreditReport.com, a financial Web site owned by credit bureau Experian.

The videos feature McMahon wearing a tracksuit, being chauffeured around Los Angeles in a Cadillac Escalade golf cart and rapping about his very public financial troubles.

“I knew I could sing the blues, but I didn’t know I could rap,” McMahon said Wednesday. The videos will appear online in October.

[Click thumbnails for a larger view]

Charles Harris, FreeCreditReport.com’s vice president of strategic marketing, said the company sought out McMahon to star in the humorous spots after seeing him openly discuss his finances on “Larry King Live.” Harris said McMahon represents “a man who is taking charge.”

In the first video, McMahon _ who once pitched the American Family Publishing sweepstakes _ and a bodyguard are cruising through a neighborhood looking for sweepstakes winners to ask for some money back, but McMahon doesn’t actually go through with it. In the second spot, McMahon dons a new suit after undergoing a financial and emotional makeover.

“When I retired, I was famous,” McMahon raps in the video. “I had money and glory/I bought a house for 6 mill/I thought nothing could touch me/Until my credit went south, and debt started to crunch me/Next thing I know, instead of playing gin rummy, I was scrambling just to make ends meet/It wasn’t funny.”

After being joined by two scantily clad women, McMahon continues: “Got a bump from the media chumps, but that was temporary/Wife with bad credit was scary, so I got wise/I may have fallen, but I got back up/Now I’m back on the attack, like a ninja swinging nunchucks/I told the haters, ‘Go on, take a hike’/It’s my show now, and I can do what I like.”

McMahon said he spent one day in the studio recording the rap. He said he hopes his participation will inspire viewers to learn from his mistakes and become more aware about their finances.

When asked if he would consider releasing a full-length rap album, McMahon said: “Not immediately.”

In June, the former “Star Search” host revealed he was fighting foreclosure after falling $644,000 behind on mortgage payments on his Beverly Hills home. Last month, he agreed to a deal with a private buyer. McMahon said Wednesday the deal has not been completed, and he’s not sure what he and his wife, Patricia, will do after the sale.

“We’re in this together,” said McMahon. “We’re a team. We’re going to solve it together. We’re going to work this out. I’m very optimistic. I’m an old Marine. I’ve been in two wars and have 85 combat missions under my belt. I’ve got a background of looking for the good stuff, going for the best way. My wife is with me 100 percent.”

It’s not the first job for McMahon following his money problems. In July, the former “Tonight Show” sidekick reprised his role as pitchman with commercial segments alongside talk-show host Jimmy Kimmel on “Jimmy Kimmel Live.” One of the spots featured McMahon teaching Kimmel how to sell a product. Another had the duo preparing for a road trip to Mexico.

Last week, a Los Angeles Superior Court judge ruled that McMahon’s lawsuit against Cedars-Sinai Medical Center and two physicians he claims failed to properly diagnose and repair his broken neck laid out adequate legal ground to pursue claims that include negligence, elder abuse, battery, fraud and intentional infliction of emotional distress.

source: Ed McMahon Gets Job Rapping About Credit Woes [huffington post]

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Donald Trump Used Ed McMahon for Publicity

Donald Trump clearly didn’t want to talk about why he is not becoming the proud owner of Ed McMahon’s mansion, at least not outside STK last night.

[see video]

Last night, Donald canceled his appearance on Larry King’s show, after stories surfaced that another buyer is purchasing Ed’s home, which was on the brink of foreclosure. Last week Trump said he’d buy the house and let Ed live in it for life.

Now Donald says someone came in and outbid him, but here’s the deal … the guy who’s buying it is moving in, so where will poor Ed go? Why couldn’t Donald up the ante? Was this all for publicity?

source: Donald: Let Them Eat Steak [tmz]

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Donald Trump to Buy Ed McMahon’s Home

Donald Trump will soon be Ed McMahon’s landlord.

Trump announced Thursday he would save the television personality’s Beverly Hills mansion from foreclosure by buying it for an undisclosed amount and leasing it to McMahon.

The developer told the Los Angeles Times he doesn’t know McMahon personally, but acted out of compassion because helping out “would be an honor.”

McMahon, 85, who was Johnny Carson’s sidekick on the “Tonight” show for three decades, has not worked for about 18 months because of a neck injury. He defaulted on $4.8 million in mortgage loans with Countrywide Financial Corp.

McMahon’s spokesman, Howard Bragman, told The Associated Press that paperwork on the sale had not been completed but that McMahon was “very optimistic” the deal would go through.

“When I was at the Wharton School of Business I’d watch him every night,” Trump told the Times. “How could this happen?”

McMahon bought the six-bedroom, five-bathroom, 7,000-square-foot house in January 1990. The home was listed at $4.6 million last weekend — down from a peak price of $7 million.

I was totally waiting for SOMEONE to help McMahon. It saddened me that somebody as iconic as McMahon was even facing foreclosure — I’m surprised that somebody didn’t step up to the plate sooner.

Yes, “the Donald” is probably doing this for personal reasons, like say…publicity or to make a buck — but at least Ed will benefit as a result.

source: Donald Trump to buy Ed McMahon’s house [la times]

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