Updated

This is a rush transcript from "Hannity," November 19, 2009. This copy may not be in its final form and may be updated.

SEAN HANNITY, HOST: And tonight, we bring you what may be the most explosive ACORN video yet. This time, James O'Keefe and Hannah Giles again posing as a pimp and prostitute, visit a second ACORN office in Los Angeles and encounter ACORN housing coordinator Lovell Stewart.

Now, after telling Stewart that they're looking to start a prostitution business, Stewart is, well, pretty encouraging.

(BEGIN VIDEO CLIP)

LOVELL STEWART, ACORN HOUSING COORDINATOR: You can do anything, OK. Keep pushing. Someone's going to say yes. Go to them and tell them you came to me — just explain to them like a people person.

(END VIDEO CLIP)

HANNITY: Yes, don't give up. And on Stewart's recommendation, the pair head to another ACORN office for help starting their, quote, "business." There, an ACORN employee, Felix Harris, declined to help them. Now, we showed you that tape on Monday. So they head back to Lovell Stewart and tell her exactly what they want. Now, look at this.

Video: Watch the exclusive ACORN video and Sean's interview

(BEGIN VIDEO CLIP)

JAMES O'KEEFE, POSED AS PIMP IN VIDEO: It's going to be, like, an international sex business.

STEWART: OK.

O'KEEFE: The money that's going to be cycling through the sex business, I might want to use that money for my campaign one day.

STEWART: Oh, OK, I see what you mean. Fourteen and 15-year-old been traveling overseas for years. That's not something that's brand new, you know what I mean? I could do research for you. I could find out what you could do, how to get you in that door. You know, get that started.

O'KEEFE: We don't want that paper trail. We don't want that money to come out of that business. You know what I mean? We've got the girls doing these sex tricks, and you don't want it public.

STEWART: Yes, yes. That's true.

O'KEEFE: Because if I'm running for Congress, I don't want people to find out where the money came from.

STEWART: Oh, yes, that's very important.

O'KEEFE: So how do I...

STEWART: Well, see, that's the part that of the research we I have to do is find out how we can do that without it being so in the open.

O'KEEFE: OK. Got it.

STEWART: There are ways. People do it all the time.

(END VIDEO CLIP)

HANNITY: Unbelievable.

Joining me now with reaction are the filmmakers themselves, James O'Keefe and Hannah Giles, as well as the publisher of BigGovernment.com, the one and only Breitbart. Andrew Breitbart, that is.

And guys, good to see you.

It sounds like, James, she wants a piece of the action.

O'KEEFE: Yes. The hits just keep on coming, and there's more. As soon as we went out there and said, you know, "We want to start a prostitution business," she became very comfortable with us and proceeded to help us.

HANNITY: Yes, and Hannah, again, we're back to an underaged prostitution ring, an importation ring of young girls, underaged girls. Explain a little bit more what was going on behind the scenes.

HANNAH GILES, POSED AS PROSTITUTE IN VIDEO: Well, first she wanted to take me to a center for tortured victims when she thought that I was just an abused prostitute. But as soon as we said that we wanted to run a business with underaged girls, a sex business, then that's when she said, "Oh, here's how I can help."

HANNITY: Did you get my — the same impression, Hannah, that I got, that she's like, "Oh, I'll do all the research for you"? Sounded to me like she wanted in with you guys.

GILES: No, she gave me her cell phone number. She told me to call her at Wednesday at noon, you know. She was — she was very helpful in a weird way.

HANNITY: Yes. Yes, all right. Andrew, look, all of you, by the way, are being sued, correct? Are those lawsuits still pending?

ANDREW BREITBART, BIGGOVERNMENT.COM: Yes, sir.

HANNITY: All right. And Andrew, let me start — and now ACORN — for those that don't know at home, they're actually suing the government. Because of your tapes, Congress reacted, and now they cut off funding for ACORN. Now ACORN is suing to get our tax dollars back.

And there's another aspect to this that is becoming part of the gubernatorial race out in California as it relates to the laws out there.

Jerry Brown, who's looking for the Democratic nomination, Andrew, apparently had a staff member that was involved in the taping that they believed is illegal. They didn't — they chose not to prosecute, but now they may go after you guys. Would that be hypocrisy?

BREITBART: Well, there's a lot of hypocrisy, and the dust has settled for ACORN. And at the end of the day they've recognized that Eric Holder, the attorney general, has not initiated an investigation into ACORN, after we now have seven tapes. There were five initially that came out.

ACORN was defunded by the Senate, was defunded by the House, lost its link to the Census. While all that damage occurred, Congress didn't come in to investigate them. Obviously, not the attorney general's office.

And they've now realized, "Let's get back into — get back into business," because they realize that the dust settled, and they were not being investigated. It was Hannah, James and me who were being investigated. That's why we've been forced to offer this latest tape.

HANNITY: Yes. Well, are you saying, Andrew, that there are more tapes?

BREITBART: Oh, my goodness, there are. Not only are there more tapes; it's not just ACORN.

HANNITY: Wow.

BREITBART: And this message is to Attorney General Holder. I want you to know that we have more tapes. It's not just ACORN. And we're going to hold out until the next election cycle.

Or else, if you want to do a clean investigation, we will give you the rest of what we have. We will comply with you. We will give you the documentation we have from countless ACORN whistleblowers who want to come forward but are fearful of this organization and the retribution that they fear, that this is a dangerous organization.

So if you get into an investigation, we will give you the tapes. And if you don't give us the tapes, we will revisit these tapes come election time.

HANNITY: This — this is a blockbuster, what you're saying here. This — you guys have more tapes. You'll release them before the election. That could have a big impact on the election, obviously. And more importantly, all of you are being sued.

James, we'll start with you. How difficult is — is it knowing that you have a lawsuit hanging over your head?

O'KEEFE: I mean, some people say that we did something wrong, but from what I've seen, most people in this country think we did a lot right.

And it's not just the people in the country. I mean, again, the media establishment has thought there's nothing wrong with ACORN. They've been writing human interest stories about me and Hannah, instead of actual doing legitimate investigative journalism. The Los Angeles Times just sent me an e-mail saying — asking me what, if anything, did Lovell do wrong? So they're completely out of touch.

HANNITY: And I read their piece. They actually seem supportive of what you did, and the issue of Jerry Brown comes up, as well.

How hard is it on you, Hannah?

GILES: You know, we did this project. We knew that not everyone would be happy with it. We knew that we were going to ruffle some feathers, and it comes with the territory. I'm not happy I'm being sued. I'm a 20-year-old girl. But, you know, you've got to stand up for the truth, and people don't like that, so...

HANNITY: Well, listen, to expose — this, to me, Andrew — we'll give you the last word — is journalism. Exposing people that would be so morally bankrupt that they'd support an importation prostitution ring of young girls in office after office after office, you guys ought to be getting, you know, a journalism award for this.

And now we've got an attorney general in California that's thinking about prosecuting you — you guys. Andrew, what do you say to Jerry Brown?

BREITBART: Not only — not — not only should Hannah and James get journalism awards. I'm willing to give raw documentation to the Los Angeles Times to help redeem them for lying throughout this entire thing.

HANNITY: Yes.

BREITBART: James Rainey, in particular. All the other newspapers are not investigating this. And James — Attorney General Brown is realizing that there's no press that wants to go after this corruption, so he's fine.

HANNITY: All right. Guys, can't thank you enough, as you continue to release these tapes. We'll continue to inform the American people, and we really appreciate you all being with us. Thank you.

GILES: Thank you, Sean.

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