peHUB First Read

* In case you haven't heard: Lehman bankrupt, BoA buying Merrill Lynch, AIG desperate, WaMu safe by comparison. And that may all be out of date by the time you read this. * As of now, private equity has been mostly left out of the above excitement, with a few exsceptions: TPG obviously owns a stake in WaMu, while reports say that it and KKR tried to buy a stake in AIG, but bailed after the Feds (correctly) declined to provide a financial backstop. J.C. Flowers -- which is advising Merrill Lynch -- also took a shot at AIG, but was rebuffed. * * Kleiner Perkins launches a blog for its iPhone fund. Reserving judgement...