peHUB First Read

Some links to kick off your Wednesday:

* Lehman Brothers outperformed some dire expectations yesterday, but still disclosed that it wrote off around $1 billion in LBO-related loans. Morgan Stanley today also reported some serious loan write-offs.

* BreakingViews argues that Facebook signed a bum deal, in agreeing to bankroll a new VC fund focused on Facebook apps.

* DealBreaker compiles some reactions to the Fed rate cut.

* Mint has won the TechCrunch40 competition, which means it will take home $50k. The company provides online personal finance solutions, and already had raised VC funding from First Round Capital and individual angels.