Is Buffet's Measly $5 billion really a shot in Wall Street's Arm?

NVDL: Who writes this stuff? These guys really crack me up. Wall Street has been shivering and quivering because the $700 billion bailout has not been met with much confidence.

Then Buffet make's his $5 billion offer and everything is okay? Puhlease. $5 billion in a $700 billion puddle when we're talking about stock wipeouts in the trillions... $5 billion works out to 0.007% and it's been referred to as 'a shot in the arm'.

It may be a savvy move by Buffet, and maybe Goldman is the bank to play, but the write offs are only just starting - and the troubles on Wall Street have just begun.

clipped from biz.yahoo.com Buffett's Berkshire Hathaway Inc. said Tuesday it will invest at least $5 billion in Goldman Sachs Group Inc., a huge vote of confidence for one of the survivors of the credit crisis that felled two of its investment banking peers. It may be just the shot in the arm that shares needed. Wall Street appeared headed for a higher opening Wednesday, though credit markets remained uncertain about the government's $700 billion bailout plan for banks. Warren Buffett, one of the world's best known and wealthiest investors, is betting $5 billion that the U.S. financial system is not about to collapse. It will be Buffett's second major foray into Wall Street.