I'm not sure how sorry I can feel for someone who has made a significant sum of money for many decades. I saw a story mention that he hasn't been able to work since some kind of injury. However if your financial planning includes you working into your 80s, something is amiss, especially since he was making a lot of money for a long time.

You'd think someone along the way would have given him decent financial advice or he would have had some common sense.

I wonder if all the money was just spent or if it was bad investments?
Rich

Oh dear dear Pamela isn't life tough when you find that services and goods certainly do cost money.

Can you image if Ed were contracted to do a show and then...not paid! Oh how greedy those banks that lend money and expect it paid back.

But then again, you and Ed are not your ordinary borrowers...this is celebrity...don't we all know the life of the celebrity is so much more important then that of the 'common working class' guy/gal out there.

Of course, some of us might be foolish and live less the high life then what we dream...and sadly, but true, some of us go about the daily grind of buying only that which we can afford (either with cash or credit) and maintain lifestyles that are simply good. And what are we rewarded with in the end...our dignity if we are lucky.

So Pamela...while you and Ed were once the Jones' to be kept up with...now you think the world should feel sorry that you squandered the good fortune made while 'working your entire life.' (Gee...how many people get paid well for working diligently and honestly their entire lives?)

Mr. Leno...have a telethon for the family that didn't buy into a mortgage that was above their economic level.

Well, so much for my opinion...I'm just a working class woman that will work my entire life. But guess what, I own the car I drive and the clothes I wear and a mortgage that I pay each and every month. And if I must say so myself...I have a heck of a pretty garden.

I have no sympathy at all for Ed McMahon's plight. He got himself into this mess so he should get himself out of the mess without broadcasting his plight in the media.

I watched the Larry King show concerning Ed M and I came away with feelings that were mixed. On one hand you want to help anyone that is in a situation like there's, no matter how much money or fame they have or had........... on the other hand I am not ready to help (were I asked in some manner) because they never really explained what happened other than to say "things happen".
I know very well that things happen as they have "happened" to me in the past and no one rushed to help. Give me a reason to feel that the things that happened were not the result of your poor planning, and stand ready to help .......... maybe!
There are many that need help today.

I have absolutely no sympathy for Ed or any other celebrity that has dwindled their money away. They make way more money than any human should for doing basically nothing and now expect everyone to feel sorry for them. Try saving some money. Who I feel sorry for is the single mom working 2-3 jobs that can't afford her rent of 200 dollars a month. That is the real American not the plastics in Hollywood that have no concept of what life is really like. They have had it too good for too long. Now Ed is planning to sue everyone over his broken neck. Wow, the American dream, can't get big bucks for doing nothing just sue. That will solve your problems Ed. Steal money from people who are actually working. I hope you don't get a cent.

WHen do you think we will reach rock bottom and what can mortgage lenders do after this is all over?

http://www.mysunsetmortgage.com