peHUB First Read

Some links to kick off your Monday…

* Wilbur Ross has found his next distressed market: Home mortgages. He has become a stalking horse bidder on American Home Mortgages, which filed for bankruptcy protection earlier this year. Ross is like the guy on the beach with the headphones and metal detector. Or at least the one sporting a Rolex under his Tommy Bahama long-sleeve.

* Scott Kirsner writes about the blogging divide among venture capitalists. peHUB is proud to feature VCs who Kirsner reports both embrace and decry blogging.

* $6 billion of bonds sold last week. Just $370 billion to go

* Dana Cimilluca with winners and losers from the botched Harman buyout. If you haven’t yet heard, KKR and Goldman Sachs told Harman that they plan to bail on their $8 billion bid, because of what they view as a material adverse change. No word yet on what the MAC was, and Harman is disputing the charge.