peHUB First Read

* Senate to Detroit: Drop Dead. * Phil LeBeau on CNBC this morning: "When Oldsmobile went away, the value of existing Oldsmobiles dropped by $1,000. And that was just a brand going away, not a bankruptcy." * Morning Call looks ugly, based on the auto bailout collapse: U.S. futures plummet, European futures down, FTSE falls and Hong Kong slumps. * Jobless techies turn to crime. * Cleantech VC Rob Day on what's wrong with cleantech VC. * What the mainstream media is missing about recession recruiting. * The "financial adviser" in the middle of the Blago scandal.