GLENN: Well, it’s like President Obama saying that Charlie Rangel should just step down. He’s very concerned now. He’s very concerned now about the ethics charges.

PAT: Well, it’s only been three years.

GLENN: It’s only been three years.

PAT: It’s taking a while for it to sink in.

GLENN: That’s all it’s been.

PAT: Yeah. And now he’s concerned.

GLENN: And now what he’s trying to do is give Mr. Rangel an opportunity to bow out gracefully instead of getting the slap on the wrist for things that you and I would be in jail for.

PAT: Oh, you know what they could do to this guy?

GLENN: Oh, no, what could they do?

PAT: They could actually censure you.

GLENN: Shut up.

PAT: No, they could.

GLENN: No.

PAT: They could do that.

GLENN: Now, you’d be in jail, right?

PAT: No, no, but you’d be ashamed.

GLENN: No, no. You’d be in jail.

PAT: I would be.

GLENN: You’d be in jail.

PAT: Of course I would be.

GLENN: Sure.

PAT: Of course, I would have been in jail three years ago.

GLENN: Right.

PAT: But Charlie won’t be in jail.

GLENN: Sure, no.

PAT: But he’ll feel naughty for a few minutes.

GLENN: Yeah. Well

PAT: He’ll feel naughty.

GLENN: Now Maxine Waters is also in trouble.

PAT: Yes.

GLENN: And I didn’t see this one coming.

PAT: No.

GLENN: Did you see this one coming?

PAT: Not at all.

GLENN: Now, what did she do?

PAT: Well, I don’t know.

GLENN: Ethics violations.

PAT: Ethics violations, of course.

GLENN: This is the deal on the bank in Boston. Remember her husband owned stock in this bank and she was I think on the board of this bank and do you remember, the people came this was, what, two years ago? This was right after TARP and people came in and they were like, "Hey, so maybe we should have a bailout, they didn’t qualify for it and they were like, yes, yes, Maxine says yes. So that might be something you should look into maybe a year and a half ago.

PAT: Well, this is all part of Nancy Pelosi’s promise to drain the swamp.

GLENN: Oh, really?

PELOSI: Drain the swamp means to turn this congress into the most honest and open congress in history. That is my pledge. That is what I intend to do.

GLENN: That is her pledge. No, it is.

PAT: That’s her pledge.

GLENN: She’s going to get some diamond encrusted ice picks and she’s going to go and take some of the ice down at Chelsea Clinton’s wedding. I mean, which one is more believable?

PAT: I think the ice picks.

GLENN: I think the ice picks are.

PAT: The diamond encrusted ice picks.

GLENN: I think they are, believe it or not, more believable.

PAT: Because I didn’t believe Pelosi at all that she was totally going to drain the swamp. I totally believe that, you know, Stu’s diamond encrusted ice pick story.

[NOTE: Transcript may have been edited to enhance readability - audio archive includes full segment as it was originally aired]