The reason that processed meat (that is meats which are smoked, salted, etc.) is recommended to not be eaten is because it has been shown to be carcinogenic.
The egg thing is based on the idea (I actually don't know enough to know if this is correct or not) that dietary cholesterol intake affects blood cholesterol levels, and eggs have a bit of dietary cholesterol in them.
I get that we're not very educated within this area but perhaps we should stay quiet then? What's the point in writing comments on HN about things we know very little about?