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GLENN: Could I play two pieces of audio I thought I would never hear before? Could you play Cut 1, please? This is from Saturday Night Live, from Saturday Night Live this weekend, you know, everybody's playing the Palin thing. What I would like them to play is the piece of audio from Saturday Night Live where Barney Frank showed up, the Barney Frank. Do we have that, Stu? Here it is.
PELOSI: Was the Democrats who first sounded the alarm what Fannie Mae and Freddie Mac were encouraging and that your party resisted all to bring them in.
VOICE: Wasn't it my party and it was the Democrats who refused to listen?
PELOSI: Who told you that? That's crazy. It's completely the other way around.
GLENN: That's Barney Frank. Okay, stop for a second. So wait a minute, there's this little -- there's a little piece that says, wait a minute, hang on, they're starting to say in comedy that, yes. And then Alec Baldwin, we have the Alec Baldwin piece. See, this is why we're number three. Number one show is just --
STU: You asked for it 10 seconds ago with no warning.
GLENN: You have it already.
STU: Yes, you didn't tell me you were going here.
GLENN: I never hear Rush say anything but, Cut 4.
STU: Because he says off the air, hey, by the way, I'm going to go probably to these clips, have these clips ready.
GLENN: That's what this implies. This is what it implies! You give me and say, I have these already.
STU: I have to switch to the other.
GLENN: Is it ready to go?
STU: They're ready to go.
GLENN: Cut 7, please.
BALDWIN: The thing we have to remember, a friend of mine who is very close to the financial community in New York pointed out that Democrats have a lot of the responsibility for this as well. I mean, it was Clinton who killed the Glass-Steagall, and it happened under a Democratic president. Barney Frank and his committee, they, they kept propping up Fannie Mae and Freddie Mac saying everything’s fine, everything’s fine, everything’s good. And it was his job to know everything wasn’t fine. And Barney Frank let you down and let us down as well. But I want to say that there's blame to go, but I keep maybe beating this to death but I still think anyone in this congress who voted to add $140 billion to that, that they should be ashamed of themselves. That is a disgrace.
GLENN: Stop. Stop. Okay, I have to ask you this question honestly. In the universe we were in just last Friday, we all hated and disagreed with Alec Baldwin, right? I mean, what happened? Has something gone wrong? Have we slipped through a wormhole? Did all of a sudden we wake up and we just, ahhhhh. Oh, it looks like -- oh, felt like I just slipped through a hole or something but, no, I'm back in my bedroom. Is that what happened? You're kidding me, right? Alec Baldwin is on Bill Maher? Even the people in the audience are like, what the hell is even -- I thought I agreed with -- what? Now, I don't know why McCain is not making an ad with just that. I mean, here's Alec Baldwin. Nobody in the -- I don't even think the Democrats agree with him anymore, he's so crazy. I think -- by the way, I say this. Stu, have you heard? Alec Baldwin wants to be on the show.
STU: I have heard rumors about that.
GLENN: And when his publicist called, you know, my, you know, TV team, Amy said, "You know you got the Glenn Beck show, right?" She said, oh, I know. Alec Baldwin's not going to want on the Glenn Beck -- she said, he specifically asked to be booked on Glenn's show because if Glenn would understand -- if anyone would understand, Glenn would understand. What does that even mean? Falling through wormhole!
STU: Well, you did just say he was crazy. So it would be something that --
GLENN: Okay, good point.
GLENN: Good point.
STU: Anyone would understand, you would understand crazy.
GLENN: I would understand crazy because I'm crazy. Why they're not making an -- why John McCain is not making an -- no, no, no, forget John McCain. Why the Republicans -- oh, jeez, I know why the Republicans aren't doing because they suck. Why somebody isn't making this ad right now and just putting flips in it like this from Maxine Waters.
WATERS: Through nearly a dozen hearings where frankly we were trying to fix something that wasn't broke. Something Mr. Chairman, we do not have a crisis at Freddie Mac and in particular at Fannie Mae under the outstanding leadership of Mr. Frank Raines.
GLENN: Frank Raines is the guy who makes Ken Lay look like, you know, Mother Teresa and Julie Andrews from the Sound of Music. I mean, Frank Raines is the guy who defrauded the United States of America. He's the guy who went in and changed all of the accounting rules, you know, just so everybody could get their bonus. That's all he was doing. And then went to work for Obama. Maxine Waters, we have under his fine leadership, we have no problems. How about this from Barney Frank?
FRANK: You seem to be saying, well, these are in areas that seem to be raising safety and soundness problems. I don't see anything in your report that raises safety and soundness problems.
GLENN: Hmmm? You don't see anything that raises? I don't even -- you've got to be kidding me, right? Don't the American people deserve to hear these clips? Maxine Waters yet again.
WATERS: Under the outstanding leadership of Mr. Frank Raines, everything in the 1992 Act has worked just fine. In fact, the GSEs have exceeded their housing goals. What we need to do today is to focus on the regulator and this must be done in a manner so as not to impede the affordable housing mission, a mission that has seen innovation flourish from desktop underwriting to 100% loans.
GLENN: It's flourished, 100% loans. She's not only for it, she's saying we should expand it. That's Maxine Waters!
Dan, do you have Alec Baldwin yet again? I mean, let's listen to Alec Baldwin yet again. Why is this not an ad? Why is this not everywhere? Why is this not on the news? Oh, it's going to be on the news. Why is this not on news everywhere? I want to know. Here's Alec Baldwin yet again.
BALDWIN: The thing we have to remember, a friend of mine who is very close to the financial community in New York pointed out that Democrats have a lot of the responsibility for this as well. I mean, it was Clinton who killed the Glass-Steagall, and it happened under a Democratic president. Barney Frank and his committee, they, they kept propping up Fannie Mae and Freddie Mac saying everything’s fine, everything’s fine, everything’s good. And it was his job to know everything wasn’t fine. And Barney Frank let you down and let us down as well. I want to say there's --
GLENN: Yeah. Shut him up, shut him up. Expect him to break out in a, "USA, USA," just to keep him away from the microphone here for a second. Americans need to know that it was Barney Frank. Then the ranking member and now chairman of the house financial services committee that said, "I want to roll the dice a little bit more in this situation towards subsidized housing, I want to roll the dice." Barack Obama is talking about -- you know, I actually heard this weekend that Barack Obama is leading in Ohio now because people are listening to him talk about socialized -- I mean, Social Security and hearing that John McCain wants to privatize Social Security. What, are you out of your minds, people? Do you really think you are going to privatize Social Security? Do you think you are going to get a dime from Social Security? Listen to all the experts saying, Social Security, we're 25 years away from collapse. Let me tell you something. You are 10 years away from collapse if you have that. Remember, I'm the guy who said we're 10 years away from buildings and bodies being blown up and laying in the streets of New York City in 1999. I said in 1999, you're 10 years away from Osama Bin Laden blowing up bodies and buildings and they will be laying in the streets of this city in 10 years. Let me give you another 10-year prediction. You're 10 years away from Social Security completely collapsing. "That doesn't make any sense, Glenn, crazy." Yeah, because you are not going -- we cannot afford the interest rates. We can't afford all of the stuff that we're piling on right now. We're now talking about taking on commercial paper. In case you don't know what that means, that means every loan that happens here in America to keep businesses going. Taking on and guaranteeing every loan for every business in America. How are we going to afford that? Anybody who is out on the stump right now promising you more stuff is an out and out liar or the most irresponsible American to ever walk the planet. This isn't six months ago. This isn't even two weeks ago.