peHUB First Read
* 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.” * Banker Gone Broke, a blog about... Well, you can probably figure it out. (h/t Carney) * 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.
