GLENN: Let me play the audio here, Pat. Set this audio up of what we’re —

PAT: This seems to be some sort of a round table discussion with a couple of professors. One is a Harvard professor Elizabeth Warren who is now the, sort of the czar of credit card agencies, credit person.

GLENN: Yeah, she is doing all of the consumer credit.

PAT: Yeah.

GLENN: Consumer finance. So she has —

PAT: She just put her over this regulatory thing.

GLENN: She’s the one that has realtime access to your credit card. So she can see what you’re doing with your credit card in realtime.

PAT: Then the second guy we’re going to play is Michael Greenberger who’s a law professor at Maryland and here’s what they had to say starting with —

GLENN: Hold on. Just so you know, George Soros is on stage at the time they are talking about all of this.

PAT: Yeah.

GLENN: Okay, go ahead.

WARREN: I think that, I think of the American public, we’re big, right, and we’re diverse, and we are slow to turn. We are not a place that moves right to revolution. We move very slowly.

PAT: Wow.

WARREN: But I think to believe that we have not moved over the last two years would be a grave mistake. And let me just pick one example and that is we’ve talked back and forth all day today about the fact that the House and the Senate have passed an important regulatory reform bill.

PAT: Yeah, they sure have.

GLENN: Mmm-hmmm. Mmm-hmmm.

PAT: Important for this revolution that she is talking about, we have — she says that the American people don’t jump immediately to revolution but we’ve come a long way toward — she’s talking about revolution.

GLENN: Revolution.

PAT: In the last ten years.

GLENN: Have you ever heard anyone —

PAT: That’s amazing.

GLENN: — in any government talk about revolution? And she says —

PAT: Not in this country.

GLENN: — important legislation that is moving. When she says important, you know who I think of is Mark Lloyd who talked about that important revolution in Venezuela who is in the FCC. Everyone will say these people are nobodies, they’re behind the scenes nobodies.

PAT: Yeah.

GLENN: Listen to the next piece of audio and remind yourself that I have said now for years the most important and most dangerous person in this country is Cass Sunstein, our regulatory czar. Listen.

SUNSTEIN: To support of people like Mr. Soros, both intellectually and otherwise. We had a band of guerillas, not G-O. G-U-E-R. The fight now is so much of this has been pushed into the regulatory agencies. The SEC, the CFDC, the Fed, the Stability Council.

PAT: I mean, there it is. He’s just saying that the fight has moved in to regulation, which is what you’ve been saying the whole time.

GLENN: That it doesn’t matter.

PAT: Of Cass Sunstein.

GLENN: They are building a structure.

PAT: Yeah.

GLENN: And congress doesn’t matter. They don’t care anymore. All of those, the reason why those bills were 1200, 2,000 pages long is because it was nothing but structure that would be built later. They give you the timbers and then they put the siding on the house and the paint colors and the curtains and everything else through regulation.