This is a RUSH transcript from "The O'Reilly Factor," February 6, 2012. This copy may not be in its final form and may be updated.

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O'REILLY: "Personal Story Segment" tonight. As you may know fox News Analyst Karl Rove is associated with an organization called Crossroads GPS which raises money mostly for Republican causes. Democratic Senator Charles Schumer doesn't really like that.

(BEGIN VIDEO CLIP)

SCHUMER: About $33 million raised by Karl Rove can stay completely secret. This is the fund expected to be most active in 2012 and we're unable to follow the money trail at all. We're completely in the dark.

O'REILLY: Joining us now from Naples, Florida is Mr. Rove. You have this money in the Caymans, in Switzerland? Where do you have it?

KARL ROVE, FOX NEWS ANALYST: In U.S. banks. Hey, are we talking about Senator Chuck Schumer. The hypocrisy? I lost --

(CROSSTALK)

O'REILLY: Personal attack. Whoa. Personal attack on Schumer.

ROVE: Is it Senator Chuck Schumer of the hot air? I mean, you know. Look, I was shocked today.

(CROSSTALK)

O'REILLY: Yes.

ROVE: That Senator Schumer called for the NAACP voter fund to be subpoenaed for having spent $14 million from one anonymous contributor in order to slam George W. Bush in 2000 as a bigot. The end -- why is Senator Schumer attacking the NAACP?

(CROSSTALK)

O'REILLY: But he didn't do that, did he?

ROVE: I mean, are we talking about --

(CROSSTALK)

O'REILLY: He didn't do it.

ROVE: Oh wait a minute, that's right. That was 2000 and he didn't say a word about that $14 million anonymous contribution.

(CROSSTALK)

O'REILLY: So you were being sarcastic?

ROVE: Oh wait a minute, are we talking about -- are we talking about Senator Chuck Schumer, The Wall Street?

That's right. He -- what he did is he has -- he has threatened to subpoena the League of Conservation voters. Yes, the -- the National Abortion Rights Action League, the Sierra Club and other groups which have used 501 C4's to hide the nature of their donors. They attack Republican members of the Senate --

(CROSSTALK)

O'REILLY: But he didn't do that? He didn't do it, he didn't do it.

ROVE: Oh wait a minute, wait a minute that's right. We are talking about Senator Chuck Schumer the cynic. I mean, you know look, who is he kidding? That this is what the Democrats have been doing for years.

(CROSSTALK)

O'REILLY: All right.

ROVE: And this guy now comes out here and -- and says he's going to do what when the Republicans start following what Democrats have done? No wonder. This is Senator Chuck Schumer. How stupid does he think we all are?

O'REILLY: Ok now are you done bashing Schumer? Or do you have a little more on your little chart there? Is that it? Did you get it all out of your system?

ROVER: I didn't say -- it wasn't -- it wasn't bashing. It was mocking the man for being --

O'REILLY: All right, are you done mocking, bashing, disparaging -- are you done?

(CROSSTALK)

ROVE: No, no.

O'REILLY: No you have more, you have more.

ROVE: No. The worse -- the worse place in Washington is between a television camera and Chuck Schumer.

(CROSSTALK):