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Ed's Wife-- Shopping Him Into the Poorhouse

6/17/2008 12:26 PM PDT BY TMZ STAFF

The one word that's turning Ed McMahon from baller to beggar: Plastic.

Our sources tell us Pamela McMahon, Ed's wife of 16 years, is literally spending him onto the street. We hear she's completely "oblivious" to the late night legend's cash troubles, and shops like their life depended on it. Her AmEx bill is legendary -- the couple reportedly owes them nearly $750K.

That's causing an issue for Ed's friends, who are conflicted about bailing him out. They don't want to see their 85-year-old friend foreclosed on and homeless, but they also don't want to encourage Pamela's passion for Prada.

And to add insult to injury, now Donald Trump wants to exploit Ed's sad situation for publicity. The blowhard famewhore has made a public "offer" to help the "Bloopers" star, but that's news to Ed. Trump's only reached out to the public -- not the McMahons -- as you think he might. A source close to Ed tells us the "people who are talking publicly aren't necessarily the ones who are helping." We hear there are others who "quietly" are trying to assist.

Ed's rep denies Pamela's spending is the reason for their troubles -- the rep says she's not "extravagant."
81 COMMENTS

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1.

Twinker    

I told you so! HAHAHAHAAHHAHA

2289 days ago
2.

thats right    

poor ed

2289 days ago
3.

maggs323    

So is this Britney's fault too?

2289 days ago
4.

wtf    

I'm going through this with a family member. They literally shop every single day and then cry poverty to me so that I will pay their bills. It s@cks.

2289 days ago
5.

observation    

Before Ed humiliates himself any more and tarnishes his legendary career legacy....tear up the credit cards!

2289 days ago
6.

ObamaBiden    

Heeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeere's Gold Digger!!!!!!!!!!!!!

2289 days ago
7.

Dixon Syder    

Maybe Ed will get lucky and win the Publisher's Clearing House Sweepstakes!

2289 days ago
8.

Kelli    

Ed got what he paid for, a trophy wife. Older men can be used so badly, loneliness leaves you vulerable.

2289 days ago
9.

Dan    

What does she care. She obviously plansto outlive him and then another victim to exploit.

2289 days ago
10.

Anthony    

Ed needs to kick that bitch to the curb!

2289 days ago
11.

Theo    

HA!!!!

I hope they foreclose on his house.

2289 days ago
12.

Theo    

typical holllywood idiot. he made millions for years and now that hes 85 years old he broke cus he never thought about saving a dime of the millions he made. he deserves to be homeless.

2289 days ago
13.

Jewel27    

Ahhhhh! This type of thing makes me so angry! What a freakin clueless bitch! Or should I just say what an uncaring, clueless, selfish, gold digger! Poor Ed. What happened to his accountant? Who takes care of the bills?

2289 days ago
14.

waggy    

boo hoo. stupid bimbo spends all his money. i still don't feel any sympathy for him.

2289 days ago
15.

Chris Brown    

He deserves everything he gets.

2289 days ago
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