Real estate mogul Donald Trump is threatening to sue Rosie O'Donnell after she made unflattering statements about him on chat show "The View" yesterday morning. Co-host O'Donnell called Trump a "snake-oil salesman" following his announcement that he would not fire troubled Miss USA Tara Conner.

She then went on to talk about alleged extra-marital affairs and discussed Trump's finances, claiming that he went bankrupt - a charge he denies.

Trump fires back, telling People O'Donnell is "a woman out of control" and insisting he would be suing her over her statement questioning his financial well-being. He says, "You can't make false statements. Rosie will rue the words she said. I'll most likely sue her for making those false statements - and it'll be fun. Rosie's a loser. A real loser. I look forward to taking lots of money from my nice fat little Rosie."

O'Donnell seemed to realize she was in for a fight after she criticized Trump on the show. She said, "Here comes the lawsuit. Get ready. This is going to be good."

Yesterday afternoon "The View" executive producers Bill Geddie and Barbara Walters issued a statement in support of O'Donnell - and Trump. The statement reads: "Both Rosie and Donald are high-spirited, opinionated people. Donald has been a friend of 'The View' for many years and Rosie, of course, is our enormously popular moderator. We cherish them both and hope the new year brings calm and peace."

(This news article provided by World Entertainment News Network)