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Act Two: The Economy

Temporary employment agencies' business has exploded in the last few years as corporations lay off their full-time employees, especially technical workers. This American Life "hired" two temp workers, Lee and Tito, to document their experiences as temps. Ira invites Tito and Lee into the studio to spin some music "appropriate" for temp employees.

Act Two: Clean Up Crew

Not everyone hates the idea of "toxic assets." Reporter Lisa Chow goes to New Jersey to follow two guys on their quest to clean up some of America's bad mortgages—by buying them, and going straight to the homes themselves to have a look at how dire the situation really is.

Act Four: Throwing Money At The Problem

A few years back Alex Kotlowitz wrote a book called There Are No Children Here, about two boys growing up in Chicago's Henry Horner public housing projects. Those projects were across the street from the site of the 1996 Democratic Convention in Chicago, and when the convention came to town, money poured in for a makeover.

Act One: Eat My Shorts

A hedge fund named Magnetar comes up with an elaborate plan to make money. It sponsors the creation of complicated and ultimately toxic financial securities...while at the same time betting against the very securities it helped create. Planet Money's Alex Blumberg teams up with two investigative reporters from ProPublica, Jake Bernstein and Jesse Eisinger, to tell the story.

Act One: The Collapse Of The Us Banking System Explained In Just 39 Minutes

Alex Blumberg and Adam Davidson tackle a very tough subject: Trying to explain exactly what a bank is and does. They talk to a number of experts about what has gone wrong in banking, but not before bringing us all up to speed on some banking basics, like understanding a bank balance sheet, and a bank's assets and liabilities, and the squishy business of what banks say about their balance sheets compared to what they are.Alex and Adam walk us step by step through the complications of the US government buying up bad assets from banks, and explain why, when it comes to footing the bill, the government might just prefer to not be in charge of the very banks it is having taxpayers bailout.

Act Two: Fall 2009

We catch back up with the people we met in 2008, to see how they've fared over the last 18 months. We talk to Clarence Nathan, who in 2008 received a half million dollar loan that he said he wouldn't have given himself; Jim Finkel, a Wall Street finance guy, who put together and managed complicated mortgage-based financial securities; Richard Campbell, the Marine who was facing foreclosure; and Glen Pizzolorusso, the mortgage company sales manager who led the life of a b-list celebrity.

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 One: Spring 2008

We replay sections from the original "Giant Pool of Money," in which This American Life producer Alex Blumberg teams up with NPR's Adam Davidson to tell the 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 Four: The Not-for-profit Motive

To deal with the financial crisis, our own government has also had to reinvent itself, with questionable consequences. This American Life producer Alex Blumberg and NPR's financial reporter Adam Davidson talk to Brad Setser, an economist at the Council on Foreign Relations who used to work at the U.S. Treasury.

Act One: The Hamster Wheel

Planet Money's Alex Blumberg and NPR Congressional correspondent Andrea Seabrook take a tour through the world of money and politics, discovering just how much time members of Congress spend raising money and which committee assignments yield the biggest campaign donations. They also try to figure out what all this money is actually buying.For an interactive map of Washington DC fundraiser locations, charts of the best and worst types of fundraisers, and other online extras, visit Planet Money's website.

Prologue

Host Ira Glass explains how the Planet Money team spent a thousand dollars of their own money to buy a toxic asset, and introduces Planet Money reporters David Kestenbaum and Chana Joffe-Walt. Their stories about "Toxie" have appeared on the Planet Money podcast and daily public radio news shows, and are collected here for the first time, into one epic, Dickensian tale.

Act Eight

The last day of the month continues and the truism is accurate: some people get great deals because it’s the end of the month and they have to hit their goal. When you look at the numbers, the average car they sell in the last two days actually loses money.