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TABS 10/09/2008 Report Mr Paulsons comments today helped put a floor under the panic. It gives the markets reassurance that there is a firm hand guiding the ship. This is the first reassurance since the House failed to pass the "Bailout Bill" on September 29TH. The effect of the the House not passing the B Bill was that the financial markets realized that the two parties would continue to argue with each other even if the house were on fire and burning down. That in effect telegraphed that the US government was dysfunctional and thus a failed government.That loss of confidence is what has put the world markets into a free fall. Mr Paulson is the first reassuring voice by an adult since the failure of the House. If the House had passed the B Bill the first time around the world financial markets would have felt the US government was on the job and confidence wuld have been maintained.