The first part of the plan basically lets the government put fresh money into the banking system, with taxpayers getting a stake in those banks in return.

Some might call it a partial nationalization of the banking system.

$250 billion of the Wall Street rescue plan that was approved by the Congress would be used for this purpose. Experts say this may be one of the best and most direct ways to ease troubles amongst financial companies.

Another part being unveiled today is an insurance plan from the FDIC for bank-to-bank loans. Those loans have almost ground to a halt as banks don't want to lend to another institution, worried that the other bank might go belly up with their money.

That's in part led to the lockup in the credit markets, as no institutions are loaning money to each other. The plan would insure those loans, so that companies don't have to be worried about losing their cash.

One more plan from the FDIC would remove the limit on deposit insurance for non-interest bearing accounts. That would ensure that businesses don't have to juggle accounts between banks to stay under the new and improved $250,000 insurance limit.

It's basically another effort to ease the minds of businessemen and women, so they don't feel the need to rush over and pull their money out of one institution, simply because they have more than 250k in the bank.

It's going to be interesting to see how the markets accept all of this - and of course - whether it even works.

The feds will get a stake in some major banks in return, which could mean profits in the hundreds of millions of dollars a few years down the road.

How does it impact the race for the White House? It's hard to say.