Donald Trump

Rosie O'Donnell

    "She says things that come to her mouth, she's not smart, she's crude, she's ignorant and to be honest I look forward to suing Rosie," Trump said. "I'm gonna sue her and I look forward to it. She's really very dangerous for the show."

    Trump wouldn't go into depth about his proposed legal filings, but added O'Donnell will understand his reasoning.

    "Rosie will find out what we're suing her for. She knows what we're suing her for," he said adding the lawsuit is already in the works. "It's something I look very forward to."

    Rosie attacked first, branding Trump a "snake-oil salesman" and calling a press conference, in which he decided to allow Miss USA, Tara Conner to keep her crown a publicity stunt. Trump said Conner could keep her title Tuesday following a wave of reports and criticism over her underage drinking.

    "Because his show¡®The Apprentice¡¯is starting again in January, he held a big press conference to see if he was going to allow Miss USA, such a prestigious title," Rosie said on "The View" while rolling her eyes. "It's basically a model competition ... They have one question in Miss USA, yeah and they're like ¡®I'd like to cure cancer and end world hunger -- and then I'd like to go to Studio 54 and do some crack.'"

    As if that wasn't enough, Rosie continued her rant lashing out at Donald Trump's decision to give Tara Conner a second chance.

    "There he is, hair looping, going everyone, everyone deserves a second chance," she continued. "He's the moral authority? Left the first wife, had an affair, left the second wife, had an affair, had kids both times, but he's the moral compass for twenty year olds in America. Donald, sit and spin, my friend."

    She also said she expected him to sue her but added "he'll probably be bankrupt by that time so I won't have to worry.¡±

    Trump, who was made aware O'Donnell's comments earlier Wednesday morning, said she is "a loser."

    "Rosie's been a loser for a long time," he continued. "Her magazine failed, she got sued. She folded up like a tent."

    He also sent a stern warning over O'Donnell's outburst and suggested she keep tabs on her partner.

    "Rosie is somebody out of control who really just doesn't have it and she ought to be careful because I'll send one of my friends to pick up her girlfriend and I think it would be very easy," he said.

    Executive Producers of "The View," Bill Geddie and Barbara Walters weighed in on the verbal fracas releasing a statement.

    "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."

    (Agencies)