peHUB First Read

* PIMCO's Paul McCulley: Learning from the Bank of Dad * Stock prices for this year's tech IPOs have cooled off. Is now the time to buy? * Alleged CalPERS crooksters Al Villalobos and Fred Buenrostro say they "will be completely vindicated" * Morning Call: U.S. futures point higher, London rises early, European shares advance, the Nikkei slips and Hong Kong sags. * American debt vs. Greek debt * Bankers and investors hope for a CLO revival * Bob Sellers: What the media missed in the "Nashville" flood * Mark Suster: How to communicate with your VCs between board meetings * Jason Calacanis: The big game, Mark Zuckerberg and overplaying your hand