04/04/2012 04:19 am ET

Keith Olbermann Talks About His Current TV Firing On 'Late Show With David Letterman' (VIDEO)

Keith Olbermann doesn't even remember how long ago it was that he left MSNBC for the much lesser known Current TV, but it really wasn't that long ago. On June 20, 2011 "Countdown with Keith Olbermann" premiered on Current TV, and on March 30, 2012, the network announced that they were firing him, saying that he no longer reflected their values. Olbermann was clearly still stinging from it on "Late Show" (Weeknights, 11:35 p.m. ET on CBS).

It was a high profile risk going into the venture, which Olbermann knew. He even cracked jokes about it when it was happening with a Top 10 list on David Letterman's show. And now he came right out and said, "I screwed up."

But then he went on to say, "If you buy a $10 million chandelier, you should have a house to put it in. Just walking around with a $10 million chandelier isn't going to do anybody a lot of good. And it's not going to do any good to the chandelier."

Letterman teased him a bit, asking innocently if Olbermann was the chandelier in this analogy. Clearly, as Letterman has pointed out many times and Olbermann has admitted, Olbermann has a high opinion of himself and his worth.

As for that big payday the network was promising him, he admitted that he's now hired the same lawyer that helped Conan O'Brien get his big settlement from NBC after his "Tonight Show" fiasco.

Catch new episodes of "Late Show with David Letterman" every weeknight at 11:35 p.m. ET on CBS.

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