* Sorkin writes that banks are hoarding their federal windfall, rather than lending it. Said on unnamed bank official: “It doesn’t matter how much Hank Paulson gives us, no one is going to lend a nickel until the economy turns…. Who are we going to lend money to? Only people who don’t need it.”
* Scott Kirsner finds a company that basically makes flying cars. Not sure if it’s VC-backed, but I wouldn’t be surprised if it is soon. After all, VCs have proven to be suckers for the auto industry (which they know little about), so why not add some aerospace onto it?
* Morning call: U.S. stock futures are down, as tech shares may get hammered on Texas Instruments earnings.
* AIG CEO Edward Liddy demands an apology from Jim Cramer, who told viewers to hound AIG employees wherever they may roam.
* When the uber-wealthy get hit in the pocketbook, atheltic boosterism suffers.
* Scott Rafer: The Facebook platform is dead.
* Wallstrip asks “What now?”