peHUB First Read

* Tim Geithner & Larry Summers: The case for financial regulatory reform. * U.S. regulators are drafting rules that would make it easier for PE firms to invest in banks. * Morning Call: U.S. futures point lower, London falls early, European shares fall, the Nikkei slumps on chipmakers and Chinese shares are lifted by the Ping An deal. * Retail bankruptcies are expected to increase. * Marc Andreesen and Ben Horowitz raise $300 million for their debut VC fund. Somewhere, a disciplined LP cries. * Bill Frezza of Adams Capital Management: How the Chrysler creditor situation is affecting the NHL. * Heart-wrenching: A dying girl in Costa Rica finds a cure to her rare disease, made by Cambridge, Mass.-based Genzyme. But it may cost more than her country is willing to pay, and Genzyme won't budge on the $160k per year cost.