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Actress Anne Hathaway hosts; The Killers perform "Human" and "Spaceman."
Sketches include "Vice Presidential Debate," "The Lawrence Welk Show," "Bailout Press Conference," "Dancing at the Bar," "Digital Short: Extreme Activities Competition," "Weekend Update" with financial expert Orville Willis Forte IV, "Mary Poppins," "Sioux City News," "Mark Wahlberg Talks to Animals," "Gay Roommate," and "The Less Provocative Songs of Katy Perry."
An edited version of the "CSPAN Economic Bailout Press Conference" was posted on NBC.com, removing references to Herbert and Marion Sandler's (played by Darrell Hammond and Casey Wilson, respectively) corrupt banking activities and removing the graphic labeling the couple as "people who should be shot." Lorne Michaels admitted he did not know the Sandlers were a real couple, and that he believed they were simply characters written for the sketch. In the NBC rerun of this episode that aired on November 29, 2008, the entire part with Darrell Hammond and Casey Wilson as The Sandlers was cut, jumping from the part where Bill Hader and Anne Hathaway introduce their surrogate mother (Amy Poehler) to the part where Barney Frank (Fred Armisen) introduces George Soros (Will Forte).
In the cold opening, Gwen Ifill (played by special guest star Queen Latifah) says her book will be available on Inauguration Day (January 20, 2009), but towards the end, she says "The book drops November 4th" (which is Election Day).