peHUB First Read

* Colin Barr: Where are the subprime perp walks? * The evolution of business simulation games. * Morning Call: U.S. futures point higher, London hits 2009 high, European shares keep rising, the Nikkei clings to gains and Chinese shares fall. * Do corporations need M&A bankers? * Cerberus has finally found a deal that isn't for the dogs. * Facebook says it has becomefree cash-flow positive. Here's how. * Same old secondary story: Demand for Asian secondaries is outpacing supply. * The sticky wage theory seems to have taken hold, as average income keeps rising (well, for those who can find work).