Ed McMahon may get financial help from Donald Trump, has a shopaholic wife

This story just goes to show that even if you're rich, you can still have the same money problems as everyone else. Most of us assumed that former "Tonight Show" sidekick Ed McMahon was set for life, but when the news broke a couple of weeks ago that he was about to lose his house to foreclosure, it illustrated that the downward housing spiral was affecting people of all income levels. Now, it's revealed that Ed is also a victim of the credit crunch- thanks to the spending habits of his wife, Pamela.

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 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."

[From TMZ]

Personally, I wouldn't take a dime from Donald Trump. I'd sell everything I owned before accepting help from that jackass, because he'd never let you live it down. But then again, I'd also have a hard time lending money to someone with a $750,000 American Express bill. That's almost a million bucks in purchases! What could she possibly be buying? Donald may be Ed's only hope! If I were Ed, I would have quietly taken the AmEx and put it through a shredder years ago. He must have a hard time saying no.

Ed and Pamela McMahon are shown at the Cinema City International Film Festival on 9/29/07, thanks to PRPhotos.