Donald Trump rescues Ed McMahon
excerpt.......
Donald Trump helps Ed McMahon with purchase of ailing star's mansion
By MICHAEL KAISER
Daily News City Editor
Sunday, August 17, 2008
The world's most-famous second banana apparently will be saved from foreclosure by the world's most-famous developer.
The Trump Organization confirmed Friday that its leader intends to buy the six-bedroom Beverly Hills mansion of the financially and physically ailing Ed McMahon and lease the home back to McMahon.
Johnny Carson's longtime sidekick, now 85, has been unable to work for 18 months because of a neck injury, and he has defaulted on his home loan, according to the Associated Press.
In a statement, Donald Trump called McMahon a "terrific guy" and said he'd grown up watching him on The Tonight Show.
Re: Donald Trump rescues Ed McMahon
If he can't pay the mortgage, how will he pay the lease?
Re: Donald Trump rescues Ed McMahon
Trump did/is paying off the house. McMahon survives because he likely got a sweetheart deal from Trump and Trump got a nice piece of property to sell in a few years when housing is in a boom cycle again. And the rest of us got to feel good about it. :)
Re: Donald Trump rescues Ed McMahon
I assumed that the lease had to do with taxes, or the appearance of the deal on paper to the IRS. Even Trump fears the IRS.
Re: Donald Trump rescues Ed McMahon
^^ avoiding the gift tax specifically
Re: Donald Trump rescues Ed McMahon
Nope looks like Ed McMahon is gonna be moving after all......
Last night, Donald canceled his appearance on Larry King's show, after stories surfaced that a dude is buying 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? Never.
http://www.tmz.com/2008/08/23/donald...hem-eat-steak/
Re: Donald Trump rescues Ed McMahon
Donald Trump is a cheap Bastard!
Re: Donald Trump rescues Ed McMahon
Well, it was interesting while it lasted.