Zuckerman on The Credit Crisis

Here's a clip from January of Mort Zuckerman, a regular on The McGlaughlin Group (we're surprised, too).

Mr. Zuckerman's comments on the credit crisis and how that helped tank the economy seems today especially relevant and perhaps a bit ironic, given how all that played into his acquisition over the weekend of Harry Macklowe's GM Building and three other Midtown towers.

When he says, "we were way over-leveraged," we know he's talking about the American economy in general; we can't help but think, however, of Mr. Macklowe in particular.