Another tragic example of a home equity loan contributing to someone getting in over their head ..

you can't help but feel bad for Ed McMahon given the circumstances but hopefully this can be a lesson to everyone. And even if I do have some sympathy for him I still don't believe that I, as a taxpayer, should in anyway be helping him stay in his 7,000 square foot house that it seems he can't afford in addition to whatever he spent all that equity on.

Also see my most recent posting on the subject of home equity loans.

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