Whatever happened to Mr. Magnum, P.I.?

Whatever happened to“The Fonz?”

Almost DailyBrett doesn’t remember learning about predatory reverse mortgages on “Happy Days.”

Using celebrities in advertisements has been de rigueur since the Earth cooled.

Some of us remember O.J. slicing and dicing his way through airports on behalf of Hertz.

There is element of sadness when you learn that once-well-known and admired actors and entertainers are now lending what is left of their reputation and fame to extol … reverse mortgages to susceptible elderly people with life-preserver nest eggs.

Usually the “Has it come to this?” questions apply to one-time headliners (i.e., REO Speedwagon, Grand Funk Railroad, Moody Blues, ZZ Top) being reduced to playing desert casinos or county fairs.

Guess, they can get out there and play “Sharp Dressed Man” just one more time.

From Magnum, P.I. to AAG

“I’ve done my homework. And I know how dedicated AAG is to helping retirees in a caring, ethical way. I trust them. I think you can too.” – Selleck reading the teleprompter during American Advisors Group’s (AAG) two-minute spot

“These companies (AAG, $400,000 fine, Reverse Mortgage Solutions, $325,000 fine, Aegean Financial $65,000 fine) tricked consumers into believing they could not lose their homes with a reverse mortgage. All mortgage brokers and lenders need to abide by federal advertising disclosure requirements in promoting their products.” — Consumer Financial Protection Bureau (CFPB) Director Richard Cordray.

Hey Tom, did your “homework” include the 2016 $400,000 fine by the Consumer Financial Protection Bureau (CFPB) against caring and ethical, AAG?

According to the bureau, AAG “tricked” seniors into thinking they could never default on a reverse mortgage loan. The truth is seniors still must pay their property taxes, hold insurance on the property and maintain their residences. These loans are NOT zero brainers.

Do you still “trust” AAG, Tom? AAG has been fined for “tricking” seniors, and the ads — starring little ole you — are still running.

Do you care?

Almost DailyBrett has natural admiration/affinity for Selleck based upon the fact he is obviously talented, served as a Navy Seal, and went to the University of Southern California … May The Horse Be With You.

This blog post is one of sadness. Everyone has to make a living. We trade upon what we do well and in many cases, who knows us. We also have a precious personal reputation to safeguard and protect.

Once your good name is gone, it’s gone. And that’s the issue here.

As a public relations counselor, your author would have asked Tom Selleck:

‘Has it come to this, Tom?’ Really, Tom?

‘Is there no better way at this point in your successful career to make a buck? Does the indisputable fact that AAG was fined $400,000 for deceptive advertising mean anything to you? Do you really want to associate your good name with shameless false advertising?’

“Fonzie,” What Happened?

Henry Winkler, you were television’s answer to James Dean.

There you were, Mr. Ultra-Cool in your black bomber jacket and white t-shirt on Happy Days.

And here you are today in a standard light-blue colored shirt, a few belt sizes larger, pitching reverse mortgages for One Reverse Mortgage.

Seems like you and Tom Selleck caught the same dollar-driven disease.

Guess, coolness doesn’t matter anymore.

For the record, One Reverse Mortgage has not been fined by the CFPB. Does that really matter when it comes to Winkler’s image and reputation? Personal brands are indeed valuable.

Almost DailyBrett, who likewise is putting a few miles on the odometer (there is still plenty of gas in the tank) was shocked when he first saw Winkler in these reverse mortgage commercials. Getting old is a bummer.

This blog is already on the record about time shares, annuities and reverse mortgages. Each is a multi-billion business. The winners without a doubt  in each and every case are the salesmen/saleswomen, and most of all … the pitchmen to vulnerable seniors (e.g., Selleck and Winkler).

Reverse mortgage advertising star, former Senator Fred Thompson, couldn’t line his casket with his AAG money.

Messrs. Selleck and Winkler, you won’t be able to take your earnings to the after life either.

When your respective days are done, future generations will be left to ponder about your diminished reputations, if they think about you at all.

https://www.youtube.com/watch?v=wvAui0vUT88

https://www.youtube.com/watch?v=E1eIIQ6s_u0

https://www.youtube.com/watch?v=vhhGparW6KQ

https://www.nytimes.com/2016/12/09/your-money/reverse-mortgage-lenders-fined-for-ads-that-tricked-older-borrowers.html

https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-against-reverse-mortgage-companies-deceptive-advertising/

https://www.nytimes.com/2017/06/23/business/would-you-trust-tom-selleck-with-your-life-savings.html

https://www.nytimes.com/2016/12/09/your-money/reverse-mortgage-lenders-fined-for-ads-that-tricked-older-borrowers.html

https://almostdailybrett.wordpress.com/2017/05/16/hasta-la-vista-to-timeshares-annuities-and-reverse-mortgages/

https://en.wikipedia.org/wiki/Tom_Selleck

https://en.wikipedia.org/wiki/Henry_Winkler