This effect is called "effort"
Create a project and place your project in there. Pan a clip over the screen. pan the next clip over the screen right after the first one. Of course you can add a border for a better film look.
Export the clip
Add it to your timeline. Rotate it a bit (could be done in the first project file), maybe zoom in it, add gaußian blur for simulating motion blur. Adjust velocity.
Profit. I think it´s better to do it yourself instead of an effect like tv malfunction. You´ll have much more control over the scene.
You might want to watch this vid for more inspiration and an idea how it could look like:
http://www.animemusicvideos.org/phpBB/v ... 30&start=0
If iam right, so Nostromo dont use AE.
As far as I know, he didn´t for Magic Pad.