Ed McMahon raps for FreeCreditReport.com

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Forget Freddie Mac. It’s Eddie Mac who needs a bailout—and fast, because he’s really hitting the skids! Swimming in debt and faced with losing his Beverly Hills home, 85-year-old Ed McMahon is shooting viral rap videos for FreeCreditReport.com. The late Johnny Carson’s former second banana and ex-Star Search host tells the AP: "I knew I could sing the blues, but I didn’t know I could rap." The lyrics fall into the so-bad-they’re-good-noactually-they’re-bad! category, with references to "a ninja swinging nunchucks," "media chumps," "playing gin rummy" and a "wife with bad credit." (Sure, blame the trophy wife.) Oddly, McMahon does have some street cred, having gone gansta old-school as a violent pimp in the blaxploitation classic Slaughter’s Big Rip Off. As the man himself used to say from the edge of the Tonight Show couch: "Hi-yo!"

—Posted by David Gianatasio