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Act One

This American Life producer Alex Blumberg teams up with NPR's Adam Davidson for the entire hour to tell the story—the surprisingly entertaining story—of how the U.S. got itself into a housing crisis. They talk to people who were actually working in the housing, banking, finance and mortgage industries, about what they thought during the boom times, and why the bust happened.

Act Two

Alex and Adam's story continues.

Act Three: Union Halls

No one much likes to talk about it out loud, but everyone knows it's true: There are a lot of people out there who say they won't vote for Obama because he's black. To fight this problem, Richard Trumka, secretary treasurer of the AFL-CIO, has been traveling around the country giving a speech to fellow union members.

Prologue

Joe Kocur was a hockey enforcer for the Detroit Red Wings and the New York Rangers, back in the heyday of hockey's tough guys. Kocur talks to host Ira Glass about how a good enforcer keeps other players in line.