This American Life, a program featured on Chicago Public Radio, recently did a show in conjunction with NPR News that outlined the reasons for the foreclosure crisis. In this episode, entitled "The Giant Pool of Money," hosts Alex Blumberg and Adam Davidson explain what caused the foreclosure crisis, how it relates to Wall Street and how it will affect the U.S. in the coming years.
The hour-long version of this episode can be found here.
Alternatively, NPR featured a 12-minute companion piece about the topic on its show All Things Considered, which you can listen to here.
In the same vein, a recent Opinion Editorial in the New York Times highlights the debate over who is to blame for the foreclosure crisis.