peHUB First Read

*NYT says Wall Street RIP. * Wachovia looks like the next bank to lose its independence, with Citi and Wells Fargo seen as the most likely buyers. Wasn't it just a week ago that the Charlotte-based firm was in talks to acquire Morgan Stanley? * If global markets keep falling this morning, will that cause some House members to rethink their votes today? Clearly some overseas believe this plan is more bandaid than cure, which could be a compelling reason for some at home to jump ship (particularly given the public's dislike of the measure). As an aside, I can't help but wonder if McCain is about to come out against the bill. I know he promised support, but he's a desperate man with a proven disposition toward pandering. * Icahn says the bailout plan should not only include caps on future golden parachutes for executives at participating firms, but also should include clawbacks for folks like Jimmy Cayne and Dick Fuld. Not sure if something that retroactive could pass judicial muster, but I like the sentiment. * VC-backed bust: Uber.com