peHUB First Read

* A Tale of Two Bailouts: "Goldman will surely deny that its risk-taking is subsidized by the taxpayer -- but then so did Fannie Mae and Freddie Mac, right up to the bitter end. An implicit government guarantee is only free until it's not, and when the bill comes due it tends to be huge. So for the moment, Goldman Sachs -- or should we say Goldie Mac? -- enjoys the best of both worlds: outsize profits for its traders and shareholders and a taxpayer backstop should anything go wrong." * Seven large companies beating the economic odds * CNBC vs. Denninger vs. Roubini * Morning Call: U.S. futures slip on GE earnings, London gears up for best week since January, European shares having their best week since November, the Nikkei rises 0.6% and Chinese stocks hit 13-month high. * Politico: Jimmy Carter's "malaise" speech wears well * Benchmark Capital's Bill Gurley chimes in on the "free" debate. * Cerberus reportedly has bought Alpha Media, the Maxim magazine publisher that Quadrangle Group wrote off a while back.