RUSH: Let's go to the Saturday Night Live audio, and I need to set this up. It's really searing, and it's funny. It's amazing that this skit made it on the air. It has vanished from the website of NBC's Saturday Night Live. It's a seven-minute sketch. We're not going to play the entire thing. It's a mock news conference among congressional leaders explaining the bailout bill. Barney Frank and Nancy Pelosi are explaining while inadvertently admitting that it was Congress that blocked reform and effective oversight of Fannie Mae and Freddie Mac. They have two actors that portrayed a real-life couple, Herbert and Marion Sandler. And they explained, as you'll hear coming up, how these two built a mortgage company that specialized in subprime mortgages that they then sold to Wachovia for $24.2 billion in 2006. It was one of the worst acquisitions by any company ever, and it helped precipitate the collapse of Wachovia last week. So that's the setup. Where we join them now is Pelosi says, "In the past few weeks, this debate has focused on the wisdom of government intervention. What wasn't talked about is that behind every home foreclosure there's a story of real suffering by real Americans, people who but for the grace of God could be you or your neighbor, and today we'd like to introduce you to some of them. Michael McCune and Jerome Gant, two ordinary Americans whose only crime was to play by the rules and that now find themselves facing eviction from their homes. Please, you two, tell us your story."
BEGIN SKETCH AUDIO
MCCUNE: Well, to start, I -- I still don't understand how this happened to me. I mean I fit all the requirements for a subprime mortgage: No credit history.
GANT: Same here!
MCCUNE: No job.
GANT: Me neither!
MCCUNE: Minor criminal record.
GANT: Ditto!
MCCUNE: Dishonorable discharge from the army.
GANT: Yeah, I got mine right here.
MCCUNE: Drug problem.
GANT: Me, too.
MCCUNE: Alcohol problem.
GANT: Guilty as charged.
MCCUNE: Gambling addiction.
GANT: Yeah!
MCCUNE: Pregnant girlfriend -- actually, two pregnant girlfriends.
GANT: Just the one.
MCCUNE: Well, anyway, I was talked into a "balloon mortgage" where you move into the house and then you get to live in it -- and you don't have to, like, pay money or anything to the bank, but then later you do.
GANT: Yeah. What up with that?
MCCUNE: Yeah. I mean you could say I'm a double victim since I've never had a job and now I don't have a home.
GANT: Well, I'm a triple victim because I've also been charged with arson for allegedly setting fire to the house they evicted me from.
PELOSI: You are both in our thoughts.
MCCUNE: Thank you.
END SKETCH AUDIO
RUSH: That was Pelosi. Now, then she introduces the couple, and they have a Chyron. "People who should be shot" is the Chyron graphic under this section.
BEGIN SKETCH AUDIO
PELOSI: This is Herbert and Marion Sandler. Tell us your story.
HERBERT: My wife and I had a company which aggressively marketed subprime mortgages and then bundled them as securities to sell to banks such as Wachovia. Today our portfolio is worth almost nothing, though at one point it was worth close to $19 billion.
PELOSI: My God. I am so sorry. Were you able to sell it for anything?
HERBERT: Yes, for 24 billion.
PELOSI: I see. So in that sense you're not, so to speak, actual victims.
HERBERT: No-o-o. (laughing) That would be Wachovia bank.
MARION: Actually, we've done quite well. We're very happy.
HERBERT: We were sort of wondering why you asked us to come today.
MARION: Anyway, it's delightful to see you, Nancy.
END SKETCH AUDIO
RUSH: And this is a real-life couple, this couple Herbert and Marion Sandler. They started the company that ended up being sold to Wachovia, subprime mortgages, worthless mortgages, $24.2 billion. The Wachovia CEO wanted to get in on this action, and this is what precipitated Wachovia having their big problems last week, now being fought over by Wells Fargo and Citibank. Now, this was Saturday Night Live, and it's hilarious. We've got the link, and we will put a link to it at RushLimbaugh.com so you can see it as well as. We've cut out the opening of this thing. It's Bush speaking, and he's standing there with Pelosi and Barney and they go through the motions of blaming it all on Bush and they portray Bush as an idiot not even knowing he's being insulted and this sort of thing. That was typical. This is not -- and, as I say, you can't find this on NBC's Saturday Night Live website because this couple and others have obviously complained to NBC.
BREAK TRANSCRIPT
RUSH: I'm going to play audio sound bite two again here before going on to audio sound bite three because I want you to know who the Sandlers are, Herbert and Marion Sandler. They were major donors to Air America, the left-wing radio network that bombed. They also are major donors to ACORN, the housing lobby of community organizations to which Obama has close ties. Its fingerprints are all over this subprime problem. ACORN, of course, is a major player in pressuring the banks into making more subprime mortgages. The Sandlers also donated $2.5 million dollars to MoveOn.org, the group that ran the General Betray Us ad in the New York Times. This is who was parodied and just destroyed on Saturday Night Live. I wonder if these are the two people, Herbert and Marion Sandler, that Obama was talking about back on July 29th, 2008, when he made a speech before the National Association of Latino Elected and Appointed Officials when he said folks were "tricked" into buying homes. I wonder if the Sandlers are the people Obama is saying tricked people into buying homes. Here is that sound bite again. It will be followed by a bite in which they just destroy George Soros.
BEGIN SKETCH AUDIO
PELOSI: This is Herbert and Marion Sandler. Tell us your story.
HERBERT: My wife and I had a company which aggressively marketed subprime mortgages and then bundled them as securities to sell to banks such as Wachovia. Today our portfolio is worth almost nothing, though at one point it was worth close to $19 billion.
PELOSI: My God. I am so sorry. Were you able to sell it for anything?
HERBERT: Yes, for 24 billion.
PELOSI: I see. So in that sense you're not, so to speak, actual victims.
HERBERT: No-o-o. (laughing) That would be Wachovia bank.
MARION: Actually, we've done quite well. We're very happy.
HERBERT: We were sort of wondering why you asked us to come today.
MARION: Anyway, it's delightful to see you, Nancy.
END SKETCH AUDIO
RUSH: Herbert and Marion Sandler being parodied by Saturday Night Live and the Nancy Pelosi character. Here now, Saturday Night Live making fun of Barney Frank and George Soros.
BEGIN SKETCH AUDIO
FRANK: Let me say something else here. You know, many of you are probably wondering, where did that 700 billion missing from our economy go? To help answer that, let me introduce our good friend, billionaire hedge funds manager George Soros.
SOROS: So what became of that $700 billion? Well, basically belongs to me now! Actually, it's not even dollars anymore, but Swiss francs, since I have taken a short position against the dollar.
BUSH: Oh, really? That's not good.
SOROS: You're not to speak. I don't like you. Yes, the US dollar will have to be devalued sometime next week, either Tuesday or Wednesday. I haven't decided which yet. It will depend on how I feel.
FRANK: Thank you very much, Mr. Soros. You're a great man.
SOROS: Yes. Could I just add that, even though you know what's coming, you won't be able to do anything about it.
PELOSI: You're a wise man, Mr. Soros, and a powerful one.
FRANK: You are better than us.
SOROS: Your wife is physically attractive. Sell her to me, please.
END SKETCH AUDIO
RUSH: So they just launched on all the people that have their fingerprints all over this problem. This was an assault on Democrats and Democrat contributors on Saturday Night Live, and it's now not available except on select websites in the blogosphere.
RUSH: That was Pelosi. Now, then she introduces the couple, and they have a Chyron. "People who should be shot" is the Chyron graphic under this section. 
SOROS: So what became of that $700 billion? Well, basically belongs to me now! Actually, it's not even dollars anymore, but Swiss francs, since I have taken a short position against the dollar.
