This entire show is devoted to just one story. A former pimp tells how he and three childhood friends became pimps in the 1970s in Oakland, California. He explains all the elaborate "rules of the game" among pimps and prostitutes of that era. He didn't have the stomach for the violence of pimping, and failed as a pimp because of that. Tamar Brott reports.
Ira talks about the classic biography of an American pimp, Iceberg Slim's Pimp: The Story of My Life, and explains today's show. He warns listeners that although there's no sex in the show at all, there is a scene or two in which men hit women. (3 minutes)
NPR reporter and Planet Money contributor Chana Jaffe-Walt reports this story of what it really looks like when a bank fails and is taken over by the FDIC. She talks to the former employees and a handful of FDIC staff about the Friday night when the Bank of Clark County was interrupted and closed by 80 FDIC employees, who had every step of their secret operation down to a science.