We now know exactly how much banks and financial institutions borrowed from the Federal Reserve during 2008 financial crisis — $1.2 trillion. According to Bloomberg, that's enough $1 bills to fill "539 Olympic-size swimming pools."
The biggest borrower, Morgan Stanley, got $107.3 billion, Citigroup and Bank of America followed close behind with $99.5 billion and $91.4 billion respectively.
Today, a memorial to he civil rights leader Martin Luther King opened to the public. The official dedication is on Sunday but visitors to the National Mall in Washington, D.C. can see the 30-foot sculpture today.
The big breaking story of the day, so far, comes from Libya. Opposition fighters have started to take control of Tripoli, and may be closing in on Moammar Gadhafi. As we reported earlier, the sudden shift in momentum appears to have happened because the opposition has gotten better organized and NATO stepped up its air attacks.