peHUB First Read

* Daily carnage report: TPG waves dilution rights on WaMu, Blackstone Group gets advisory role on AIG bailout (or AIG life preserver, if you'd prefer), Hank Greenberg still wants to find a private capital alternative for the insurance giant, Lehman Asia is running short on time, Lloyds takes out HBOS and Morgan Stanley remains in merger talks. * Icahn takes aim at the boards of directors: Why Pay So Much for So Little? * Lee Pickard takes aim at the SEC. * Chelsea Clinton returns to hedge world, and winds up at Lehman's bankruptcy hearing.