UPDATE 6:50 PM EDT: Krauthammer calls Bernanke and Paulson the Petraeus of the the U.S. economy. I agree!!!

News from Treasury Secretary Henry Paulson that he is considering the establishment of an organization like the Resolution Trust Corp to hold certain bank mortgage investments gave investors the assurance they needed to stop their panic.

Source: Yahoo News and the WSJ

Tags: business, DJIA, Dow Jones, economy, Henry Paulsen, WSJ, Yahoo News