'H&C' Exclusive

" Moment how many -- I don't meet with a some Sean Hannity Leo right to our top story tonight she is the politician. Was taken America by storm and was change the very dynamic on the presidential race Governor Sarah Palin has been the target of left wing smears and conservative adoration as she was introduced as senator McCain's running -- Nearly three weeks ago now earlier today we -- in Cleveland Ohio for a note topic off limit interview that lasted almost a full hour. Tonight in part one the governor discusses the current crisis on Wall Street. What our role be in the McCain administration. And what we have to do is a country to secure our energy independence that we were got a reaction to these Saturday Night Live skit that everyone is talking about she saw -- And a response you know late surprise you also Karl Rove will join us tonight with reaction and a representative of the Obama campaign. We'll also be hit respond but we start tonight -- governor -- herself in a Hannity and Colmes exclusive interview. Governor thank you have been --"

" Thank you so much right you said when you were asked to be. Senator McCain's running mate that you didn't hesitate. You didn't blink. Tell us about the the call. When that came. Well again I found out about the actual selection just a couple days before you guys all did. I'm getting that nod was found quite. Credit experience of course because I knew that Senator McCain and his team have been doing that. Heck of a lot of research and bedding of many names of course to speak at moved honour is what I felt when he actually said do you want to help me do this and I said absolutely let's get in -- and let's reform -- some things up. What do what was your family's reaction to it was that I -- hoddle have a hockey team meeting. It was a time of asking girls to vote on it anyway and they voted unanimously yes didn't bother asking my son because you know he's going to be off. Doing his thing anyways so he wouldn't be so impacted by. At least the campaign period here so -- asked for girls what they got him like absolutely let's let's do this mom. Let's talk about cover obviously the economy is on the minds of many Americans. We got lead then we got Merrill we've got AIG. Senator Barack Obama yesterday was attacking Senator McCain for saying that the fundamentals of the economy is strong. Do you believe that the fundamentals of our economy. Are strong what it was an unfair attack on the verbiage that Senator McCain chose to use because the fundamentals as he was having to explain afterwards. He's our workforce he means -- ingenuity of the American people and of course that is strong that is the foundation. Of our economy so that was an unfair attack there again based on -- instead John -- used. Certainly it is a mask now the economy is a mess and there have been abuses. On Wall Street and that adversely affects the main street. And it's that commitment to John McCain is articulate and -- getting in there are reforming the way the Wall Street has been allowed to work. Bit shocking abuses and done that violation of the public trust that too many CEOs and top management of some of these companies. And that abuse there has got to stop it it is somebody's -- saying this morning. At toxic waste there on Wall Street affecting main street and we got it we got a cure this as to reform through reform absolutely look at the oversight that has been black I believe. I hear it's -- 1930s. Type of regulatory regime overseen some of these corporations. And we've got to get a more coordinated and much more stringent oversight regime. Not not the government is going to be solely look to for the answers and all of the problems and Wall Street but government can play and -- very very appropriate role in the oversight as people are trusting these companies with their life savings with their investments with there. Insurance policies and construction bonds and everything else when we see the collapse that we're seeing today. You know that something's broken and John McCain has agreed plan to get in -- he -- Senator Obama then using what happened on Wall Street. This week is using it for political gain is is there a danger for presidential candidate is saying to the world."

" That America's situation and economic crisis is the worst that we've seen in decades which was wars that is using yesterday."

" Is there a danger in terms of the world hearing that mother there's a danger in allowing some obsessive partisanship to get into the issue that we're talking about today. And that's something that John McCain to his track record proving that he can work. Both sides of the -- he can he can unsurpassed for partisanship that must be surpassed to do with an issue like this. Is that profound and that important an issue that we worked together on the cement not just let one party tried to. Kinda a grab at all capture at all and pretend like they have all the answers it's going to be take everybody working together on this who's responsible. For these failing institutions in your view. I think that corruption on Wall Street that that this to blame and that violation of the public trust and that that contract that should be inherited. A corporations who -- Spending investing other people's money that the abuse of that is what's got to stop them. It's it's a matter to of some of these CEOs and top management people and shareholders to not holding that management accountable. Being addicted to we call -- opium OPM other people's money. Benny Nat investing that I'm not -- scene of the prudence that we expect of them. But here again government's got to -- inappropriate role in the stringent oversight making sure that those would be to stop."

" When you don't -- food do you Senator McCain supported the bailout. Fannie Mae and Freddie Mac you both opposed that the bail out of government intervention as a relates to lead the norm Merrill but now we read this morning. That AIG. Is going to get some type of government bailout. Was that the right call now you know."

" First the Fannie and Freddie different -- say government agencies there where. Government have been stepping in because the adverse impacts all across our nation sister with homework -- it is just to -- and we had to step in there. I do not like the idea though of taxpayers. Being used to bail out these corporations today with AIG. Important call there though because of the construction bonds in the insurance carrier duties of the IG but. At first and foremost taxpayers cannot be looked to ask. This bill out as the solution to the problems I'm lost how how connected is it go to Washington you have."

" 354. -- lawmakers. Got money from Fannie and Freddie. -- 54. If you look at the years from 1989. To 20082. Top recipient was senator Barack Obama. Should -- be an investigation in terms of the relationship between the political there donations."

" And then of course the bankruptcy that ensued in the impact on the -- I think that's significant but even more significant is the role that the lobbyists play in an issue like this also in and that cronyism they if it's symptomatic of the greater problem that we -- right now in Washington. And that is just fat acceptance of the status quo all the politics as usual the cronyism. That has then allowed to be accepted and then leads us to a position like we are today with so much collapsed on Wall Street. That's the reform that we've got to get in there and make sure that this happens we've got to put government and he's regulatory agencies back on the side of the people it's what John McCain and I we have. Very consistent track records showing that we're capable and willing to do this rough one feathers along the way but it's what we're expected to doing what we're promising to do."

" And coming up march."