Time to add another notch to Angelo Mozilo’s body count belt. Nothing official yet, but considering his track record with epidermis, Bear Stearns, bees and a chihuahua, this one’s pretty much in the bag. Today’s kill is Ed McMahon, who’s might lose his Beverly Hills home to a foreclosure action initiated by Countrywide, because EMcM’s been unable to make payments due to a year and a half of all bed rest/no work resulting from breaking his neck. The silver lining is that we’re told this may actually be Mozilo’s breaking point, in terms of giving a shit. Up until now, he hasn’t cared much either way about the lives he’s ruined. But as someone who watched “Star Search” religiously, the plight of Ed McMahon will be hard for him to ignore.



Yeah. Let that sink in.
Ed McMahon May Lose Beverly Hills Home [WSJ]

Comments (21)

  1. Posted by Investorcluzo | June 4, 2008 at 12:36 PM

    let’s all pause for a moment and ask ourselves: a) why isn’t the house paid off, was johnny keeping all the big bucks? b) why the hell is this man still working at the age of 85? and, c) just what caused him to break his neck? I think he’s trying to be a little too active for a man of his age/stature (look at poor dick clark). perhaps he should just retire to the villages…

  2. Posted by guest | June 4, 2008 at 12:49 PM

    He’s having trouble selling his house because it is near a certain pop star’s home (Britney Spears?) and there are always paparazzi everywhere.

  3. Posted by NotNasser | June 4, 2008 at 12:49 PM

    Yes, this story just begs for further examination. When did Ed buy this home? and why? did he think the previous mansion was getting kind of cramped with all those publishers clearinghouse envelopes piling up or something?
    What happens when Ed McMahon shows up for a home closing, anyway? Does he come into the room first, so he can say, “and heeee-ere’s my lawyer!”?

  4. Posted by guest | June 4, 2008 at 12:50 PM

    IC have you seen the kind of stuff he does now to “work”? Even at 85 you would still show up to crack a joke for some ad and get paid $50k too

  5. Posted by guest | June 4, 2008 at 1:05 PM

    I’m not your buddy, friend!

  6. Posted by mrpink | June 4, 2008 at 1:22 PM

    Not now chief, I’m in the fucking ZONE.
    -mrp

  7. Posted by Lowly Assistant | June 4, 2008 at 1:24 PM

    @NotNasser,
    Very well put.

  8. Posted by Anal_yst | June 4, 2008 at 1:25 PM

    I want to retire, effective immediately, to The Villages, that place looks AWESOME, and there’s (by Guy From Delaware’s definition) COUGARS EVERYWHERE!
    btw for those who haven’t seen the commercials,
    http://www.thevillages.com/

  9. Posted by HAM05 | June 4, 2008 at 1:37 PM

    anal – are you being facetious cause that place really does look awesome. ocean, golf, and an onsite medical mj clinic?? sign me up.
    oh yeah, and the cougars. rawr.

  10. Posted by guest | June 4, 2008 at 1:41 PM

    Anal_yst must have a thing for The Guy from Delaware. He always brings TGFD up.

  11. Posted by blndebnker | June 4, 2008 at 1:43 PM

    Do you guys recall GFD’s definition of cougar? It wasn’t pretty.

  12. Posted by Anal_yst | June 4, 2008 at 1:43 PM

    Ham, I’m 100% serious! Granted i may be 1/2 the age required to get in (+/-), and i’d eventually get tired of having an AWESOME LIFE (not), but otherwise, its really honest. Why the F don’t they have places like that for young(er) people?
    F that. Lets do it! Oh, wait, you mean they’ve tried this? And it didn’t work out ‘as planned’? Oh.
    See: House, William Beaver

  13. Posted by guest | June 4, 2008 at 1:46 PM

    NotNasser: If I were Ed McMahon’s lawyer, that would be part of my *retainer agreement.* Hell, I would *waive* the retainer for that.

  14. Posted by guest | June 4, 2008 at 2:14 PM

    Hereeeeeeeeeeeees Angelo.

  15. Posted by guest | June 4, 2008 at 2:19 PM

    @ Anal_yst
    You better check those cougars, the seniors in the villages are carrying some nasty stuff! They have one of the highest rates of STDs in the US. Enjoy!

  16. Posted by Investorcluzo | June 4, 2008 at 2:40 PM

    @anal_yst: I’m not sure the people at the villages qualify as “cougars”, they are really more like the mother of cougars…and for the record, you golf free for life on the “executive course”.

  17. Posted by guest | June 4, 2008 at 3:23 PM

    @ 2:40 -
    You know you’re in old man land when the twilight fee starts at 11 AM.

  18. Posted by guest | June 4, 2008 at 3:44 PM

    Anal_yst you have just stumbled onto the #1 secret of homebuilder analysts everywhere. Those of us who spend out lives touring the latest Toll Bros age restricted communities have always known, America’s retirement communities are the lifestyle we all aspire to!

  19. Posted by Anal_yst | June 4, 2008 at 4:07 PM

    @ 2:19
    Gross on at least one level. Is there actual published reports backing this up?

  20. Posted by guest | June 5, 2008 at 12:17 AM

    Anal_yst, it really worries me that you aspire to a leisure community/golf course style of life designed for people 55+. There’s a lot more richness in life out there.
    Anyone on this site ever see the movie Harold and Maude? It’s a bizarre classic. It strikes me that there are a number of Harolds posting on this site, men who have a fixation on older, sometimes much older, women. (I don’t mean you, necessarily, Anal_yst. I’m changing the subject.)
    I am still blown away by posts some time back from guys that I assume were in their 20s and 30s, fantasizing about sex with Barbara Walters or Martha Stewart. Ask any hair-stylist, plastic surgery up close isn’t pretty. There’s a good reason those women wear their hair in styles combed around their face.

  21. Posted by guest | June 5, 2008 at 9:15 AM

    @ Analyst
    There are news reports.
    http://www.local6.com/news/9283707/detail.html
    so… take it for what it’s worth.
    Can’t find the first article I heard it from.

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