peHUB First Read

* Treasury Dep't names nine PPIP managers, although it says more than 100 firms applied. So much for wanting highly-competitive bidding. Wonder how many pure private equity names were among the denied, since there really aren't any among the chosen (Oaktree and Investco/WL Ross are as close as it gets). Theo Francis has some related thoughts. * Ryan Lizza goes in-depth on Sheila Bair. * Mark Suster: Is VC too fat and happy? * Morning Call: U.S. futures point upward, London rises early, European shares extend gains, the Nikkei hits 7-week closing low and HK and China shares finish up. * Jenny Sanford was on her way to becoming an I-banking powerhouse, until she met straying hubby Mark.