peHUB First Read

Cofee* William Cohan: “In the recent sale of the Texas’ troubled Guaranty Bank, the FDIC appeared to favor Spain’s Banco Bilbao over Blackstone, TPG, and other American private equity investors.”

* eBay CEO says that the Skype deal is going to close. Not sure what else he really could say…

* Daniel Indiviglio: Will net neutrality lead to usage-based Internet fees?

* Morning Call: U.S. futures point lower, London falls early, European shares rise on banks, the Nikkei hits one-month closing high and Hong Kong shares lose 2.5 percent.

* Paul Volcker today will tell Congress to reinstate Glass Steagall.

* That didn’t take long… Perot Systems employee busted for insider trading on the Dell deal.

* Website of the Day: Tweets of Fury

* Comment of the day: Kent Goldman says that the “VC is broken” talk might be more reflective of startup ecoysystem strength than of VC market weakness.

* I have never before seen VentureBeat’s Matt Marshall dance. Now I have. Could have done without…

* Chris Cooper, head of private equity for Deloitte North China, says that the coming growth in Chinese investment activity will come in the consumer-related and healthcare sectors: