peHUB First Read

* Jeff Cox: How Wall Street will beat the new financial regulations * Lee Hower: Social games have been institutionalized (deal with it) * SEC charges the Wyly brothers with insider trading fraud that reaped $550 million * Morning Call: U.S. futures slip ahead of GDP data, London falls early, European shares keep slipping and the Nikkei loses 1.6%. * For Apple followers, it's a matter of faith * Tony Hayward is a narcissistic nutjob * Ratings agencies voice concerns about take-privates * Paul Graham says that traditional VC round structures are going way. In related news, Paul Graham seems to keep forgetting that not every startup is an IT startup. * Ben Smith: "Peter Orszag may have had the shortest tenure of any member of the Obama Cabinet, but in an administration dominated by a powerful White House staff, he left as deep a mark as almost anyone in it."