Trading on Wednesday became very interesting in the final hour thanks to the New York Times. The esteemed newspaper reported that Warren Buffett is among a number of investors considering a 20% stake in Bear Stearns -- the Wall Street bank at the flashpoint of the mortgage crisis in America. If Warren Buffett is buying in now, should you?

DID BUFFETT BUY INTO BEAR STEARNS?

The headline: New York Times Reports Warren Buffett Considering Stake in Beleaguered Invest Bank Bear Stearns

Speculation also suggests Wachovia (WB) and China Construction Bank are among the parties interested in buying a stake in Bear Stearns, says Dylan Ratigan.

CNBC’s Charlie Gasparino joins the panel for this conversation.

Gasparino says this could be the beginning of Bear Stearns becoming a private company. He adds that he’s highly doubtful that Warren Buffet will buy a stake in BSC.

Pete Najarian suggests it might be time to buy some of the brokers such as Lehman (LEH) and BSC.

It doesn’t make sense to think Warren Buffet will buy into BSC, says Adami. He’s a value investor and BSC isn’t cheap.

Karen Finerman says Lehman is the better play.

MILESTONE AGREEMENT:

The headline: General Motors (GM) Strike Ends After 2 Days With Landmark Healthcare Agreement

GM Shares soared after the automaker reached a deal with United Auto Workers explains Dylan Ratigan. The GM-UAW deal should shift $50b in healthcare obligations off automaker's books. Consequently, auto parts suppliers Lear (LEA), Visteon (VC), BorgWarner (BWA), jumped on the news.

Jeff Macke feels the agreement puts GM, Ford as well as auto parts suppliers in play because the car companies are no longer in the healthcare business.

Guy Adami likes Ford (F).

Pete Najarian prefers Goodyear Tires (GT).

OH, SALLIE CAN WAIT:

The headline: Sallie Mae: Private Equity Consortium Says It Does Not Expect To Close $25.3B Buyout;

Karen Finerman explains that Sallie Mae buyout group includes J.C. Flowers and Bank Of America (BAC). She adds news that the deal might not close was not unexpected.

Jeff Macke thinks M&A is on the rocks and shows the following chart.

Deals on the Rocks
Sallie Mae
Harman International (HAR)
Genesco (GCO)
PHH Corp. (PHH)

Pete Najarian and Karen Finerman don’t agree with Jeff. They both think deals will get done. Karen Finerman reveals that she’s long Genesco on that belief.

AFTER HOURS ACTION:  BED BATH & BEYOND AFTER HOURS:

The headline: Bed Bath & Beyond (BBBY) Jumps After Hours As Earnings Top Estimates

Jeff Macke tells the panel he’s a seller.

THE BOURSE WHISPERER:

The headline: Nasdaq, Borse Dubai Sweeten Bid For STO:OMX In Effort To Fend Off Qatar Rival;

Karen Finerman likes the exchanges as a result of this frenzy, especially NYSE Euronext (NYX).

Guy Adami concurs.

CONFERENCE CALLS:

The headline: Chemical, Solar, Life Sciences Conferences Moving Market In A Slow News Week;

Monsanto (MON) jumped after outlining an overseas strategy at chemical conference explains Dylan Ratigan.

Amgen (AMGN) shares rose on positive anemia drug data adds Pete Najarian. Also LDK Solar (LDK), SunPower (SPWR), and other solar stocks jumped with another conference underway in California. Pete recommends buying Cypress Semiconductor (CY).

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Trader disclosure: On Sept. 25, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (DIS), (EMC), (ATVI); Najarian Owns (CBAK), (UA), Najarian Owns (DGX); Najarian Owns (GS) Options; Finerman Owns (GS); Finerman's Firm And Finerman Own (TEL); Finerman's Firm Owns (NMX), (NYX), (KFT), (BEAS); Finerman's Firm Is Long (GCO) Calls; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; NBC Universal Is The Parent Company Of CNBC