* Meredith Whitney: Banks should focus on acquisitions, not dividends

* Evelyn Rusli: In Wave2Wave IPO, a convicted swindler would get a payout

* Morning Call: U.S. futures point lower, London fall at open, European shares slip and the Nikkei hits an 8-month high.

* On the block: Anybody want MySpace?

* John Carney: In defense of the debt ceiling

* Jay Yarrow: Does AOL have an Arrington problem brewing?

* Remember when Peter Thiel could do no wrong? Well, that time has passed.

* Jeff Stein: The CIA is recruiting via top-secret radio ads

* Chris Dixon: Predicting the future of the Internet is easy: Anything it hasn’t yet dramatically transformed, it will

* Sarah Kliff: “As Republicans push forward on repealing health reform, planning the law’s demise, a different conversation is happening among thousands of healthcare investors gathered in San Francisco for this week’s J.P Morgan Health Care Conference: how to capitalize on health reform’s new business opportunities.”

* Tweet of the Day: @davewiner

Theory on why Obama was so good last night, but usually so mediocre. The banks and defense industry don’t care what he says about victims.

* A flash mob comprised of Infinium Capital employees (h/t Dealbreaker):

[youtube=http://www.youtube.com/watch?v=NdL2uILliIQ]