peHUB First Read

* Permira's Kurt Björklund gives good quote. First, he said that his firm would soon return a "wall of cash." Next, he insisted that private equity firms are not just a "herd of LIBOR-grazing leverage buffalos." * Fred Wilson: "I've heard countless VCs utter the words 'we need to own' followed by some number... This 'need' is just greed." * Charlie Gasparino: Wall Street's (continuing) bonus hypocrisy. * Jonathan Weil: Mark-to-make-believe turns junk into gold. * Morning Call: U.S. futures point even higher, London lowers early, European shares keep climbing, the Nikkei hits 3-week closing high and Shanghai closes up 0.3%. * October 14, 2008: Remembering the fear. * Skype's founders ratchet up their legal attacks on former Joost CEO Mike Volpi, who is now a partner with Index Ventures. In other words, Skype's founders are ratcheting up their attack on eBay's proposed sale of Skype to Index and others.