Rahm Emanuel Roasts Stephen Colbert

White House chief of staff-designate Rahm Emanuel took some time off from the transition Friday night to hurl barbs at his longtime pseudo-nemesis Stephen Colbert (as well as Joe Biden, Sarah Palin, Joe Lieberman, et al...)

Colbert was roasted as part of a charity event for the Spina Bifida Association, organized every year by Judy Woodruff and Al Hunt. (Click here to donate to the cause.)

We've posted some text highlights from Emanuel and Colbert below, and videographer/journalist Liz Glover was kind enough to pass along video of the event (note: the first minute or so is choppy)