peHUB First Read

* Yet another private company stock exchange is poised to launch, following recent efforts like SecondMarket, XChange, InsideVenture, etc. This one is called SharesPost, and features a photo of Adeo Ressi on its homepage (which would seem to indicate more interest in entrepreneurial clients than VC clients). * Joseph Stiglitz: "When the current crisis is over, the reputation of American-style capitalism will have taken a beating—not least because of the gap between what Washington practices and what it preaches. Disillusioned developing nations may well turn their backs on the free market." * Morning Call: U.S. futures are mixed, London opens flat, European shares rise, the Nikkei climbs 1.6% and China stocks slide on IPO worries. * George Soros: Credit default swaps are "instruments of destruction," and should be banned. * Jeff Segal on the Sand Hill Mafia, and the problems it could pose for Obama. * McKinsey releases a study on what natural and economic disasters have in common.