![The $400 Billion Scribble [Planet Money]
Democrats say they want to put the final touches on the finance reform bill this week. But there are still some key unanswered questions that will have a big effect on what the nation’s financial system looks like.
Take, for example, that scribble up there. It was added last night to a proposal from House Dems, and it could put banks on the hook for the failure of Fannie Mae and Freddie Mac, Politico reports. That’s likely to cost about $400 billion, and until now everbody has assumed that the government would bear that cost.](http://24.media.tumblr.com/tumblr_l4jsrwjntP1qz5yk0o1_500.jpg)
The $400 Billion Scribble [Planet Money]
Democrats say they want to put the final touches on the finance reform bill this week. But there are still some key unanswered questions that will have a big effect on what the nation’s financial system looks like.
Take, for example, that scribble up there. It was added last night to a proposal from House Dems, and it could put banks on the hook for the failure of Fannie Mae and Freddie Mac, Politico reports. That’s likely to cost about $400 billion, and until now everbody has assumed that the government would bear that cost.
