peHUB First Read

* Great Depression 2009: What it would look like. * Can't pay your debts? Just send your lender a hand-drawn spider. * A refi conundrum as PE loans come due. * Morning Call: U.S. futures up, VW and banks drag down European shares at mid-day, Nikkei gains and Hong Kong steady in thin trading. * Scott Kirsner: How entrepreneurs plan to survive -- and thrive -- the recession. * Stephen Crawford: Beyond Mark-to-Market.