Screech: Let's Bank From My Sex Tape

Diamond defended his recent decision to profit from the tape to Rita Cosby on MSNBC's "Scarborough Country" Wednesday, saying "We could spend a fortune fighting it in court, with little bits already being leaked out on the Internet or we could suck it up and say you know what, it could be a losing battle, we'll make money if we just side with it."

Screech also confessed that he had formed a different opinion of his former arch-enemy, video kingpin David Hans Schmidt, even paying a backhanded compliment to the man who has exposed sex tapes of Paris Hilton, Colin Farrell and others. "I tip my hat to the guy ... if someone has a tape out there, they gotta watch out 'cuz chances are he's gonna get a hold of it... the Sultan of Sleaze has done it again and I got caught with my hand in the cookie jar."

Schmidt also appeared on the show and boasted of four more celebrity sex tapes which have recently fallen into his possession -- one featuring a rap artist, another of a celeb who stars on the Bravo network. We're just hoping it's not James Lipton.