Warren Buffett's Berkshire Hathaway will buy $5 Billion in preferred Goldman Sachs stock which will hopefully  provide the financial markets with some much needed confidence. Goldman Sachs managed a nice bump to the tune of four percent on Wall Street in early trading.

The hope is that while the politicians wrangle over the details of the rescue mission the private sector will continue to go about its business as the market forces of natural selection can take place without the panic selling that occurred last week.

Japan's third largest bank, Sumitomo Mitsui Financial also plans to invest in Goldman so the bloodletting for now may have subsided.

The proposed FBI investigation, announced on Wednesday into Freddie Mac, Fannie Mae, Lehman and AIG is also expanding its inquiry into widespread mortgage fraud which may add an additional wrinkle. Maybe the FBI suspect something fishy and that is why the administration is upping the ante on Congress to get the deal signed into law as quickly as possible.

I hope Senator Richard Shelby (R) and company on the 'hill' are not intimidated by Bernanke's rhetoric and unduly coerced by all the doom and gloom mongering and take all the time they need before approving the three-page one trillion dollar bailout plan and definitely before Paulson gets his check for all his pals on Wall Street.