peHUB First Read

LBO Loans Rise: PE firms are borrowing the most in Europe since Lehman's collapse froze the debt markets. Telling The Truth: Five myths about Facebook. An Exit: AIG and U.S. government move closer to a deal allowing Treasury to exit its investment in the insurer. More AngelGate: Chris Sacca responds to Ron Conway. Rupert's Demise: Three truths about the media's future including the end of Rupert Murdoch. Another Patent: Apple gets a patent for handheld that recognizes your hand. Disappointment: Rattner tells Reuters Insider that he's upset with Quadrangle's comments about him. Silicon Valley's Change: The Valley used to be a place run by scientists and engineers but now has become a casino, a place where smart kids arrive hoping to make an easy fortune, according to Newsweek. Different Firms: Goldman goes where Morgan no longer dares to trade. Taking Over Libraries: A PE-backed company is running libraries in California, Oregon, Tennessee and Texas. Intentional Flash Crash: Chicago firm finds strange patterns to May 6 flash crash that show one or more firms may have intentionally tried to flood exchanges with orders. Not a Recovery: The recession isn't over, the public says.