Top TARP cop Elizabeth Warren (and Harvard law professor) against demonstrates her stunning skills at explaining the unknowable of the Hank Paulson, Ben Bernanke and Tim Geithner plan to hand over hundreds of billions of dollars to failed managers at failed companies in order to succeed in restoring the Humpty-Dumpty credit markets.  This is part 2, the much meatier of the two segments (part 1), because Elizabeth Warren hints at the strong likelihood of major league, earth-moving, federal regulation ahead.  "...so we start pulling the threads out of the regulatory environment, and what's the first thing we get?  We get the S&L crisis..."  "...so we have two choices.  We're going to make a big decision probably over the next six months..."  "...or alternatively we're going to put in some smart regulation..."  That Elizabeth Warren makes these remarks on a comedy show is not an assuring endorsement of the age, but it is subversively charming of her.  The professor is a champ.