From the New York Times, I'm Michael Barbaro.

This is The Daily.

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Today.

Ten years ago, this week, U.S. policy makers

hatched a plan to rescue a financial system in free fall.

Their solution solved that crisis,

but only deepened another.

And the latest on the Kavanaugh confirmation.

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It's Friday, September 21st.

So back in 2008, I was covering Wall Street,

and in the fall of 2008, it was the second week of September.

It's been an unnerving week for U.S. financial markets.

First, the massive federal bailout of mortgage lending giants,

Fannie Mae and Freddie Mac.

And now, the potential collapse of Lehman Brothers.

Once the fourth largest investment firm in the U.S.

We started watching the stock of Lehman Brothers just fall like a stone.

This week alone, Lehman Brothers stock plummeted almost 80 percent.

And there was this anxiety and panic.

Analysts say the bank's future is in doubt after it reported a loss of nearly

...