peHUB First Read

* Ben Horowitz explains Ron Conway * Martha White: How the iPad could revolutionize healthcare * The placement agent issue gets political in Massachusetts. Meanwhile, California's proposed placement agent ban takes a baby step forward. * Morning Call: U.S. futures point lower, London falls early, European shares drop, the Nikkei sheds 1.1% and Hong Kong shares slip. * Do behavioral funds work? * The SEC details its new asset-backed securities regulations. * Cleveland Fed: Is it time for an overhaul of the Community Reinvestment Act? * One of the best posts I've read so far on the value of certain startups remaining in stealth mode.