'We face an economic Pearl Harbour': Billionaire investor Warren Buffett demands confirmation of $700bn U.S. bailout

The Daily Mail reports:

Billionaire investor Warren Buffett has said the $700 billion U.S. bailout plan is 'absolutely necessary' to pull the financial system out of an 'economic Pearl Harbour.'

Speaking on CNBC television today, the 78-year-old called on Congress to confirm by Friday that a bailout would be adopted, or risk throwing markets and the economy into further turmoil.

Your bailout helps Warren's insurance businesses.