"The government is getting involved in a whole lot of places that didn't have anything to do with the crisis," Ted Forstmann Chairman and CEO of IMG, the largest sports management business in the world, told CNBC today.
Forstmann said the financial crisis was a matter of over-leverage, too much credit and "securities that had no productive purpose what-so-ever."
For more of Frostmann's take on the financial crisis, read his editoral in the Wall Street Journal.