peHUB Second Opinion 2.13

Feb 12: It was a tough day for Law firms–lots of layoffs, as Law Blog explains. (Law Blog)

Doom and Glee: Bankruptcy professionals have feelings, too. (Dealzone)

Did you guys send gifts? It’s Steve Schwarzman’s birthday! (Cityfile)

Maybe THAT’s why they’re counter-cyclical: TV stations have loosened their standards on ads from alcohol companies and strip clubs due to the recession. (LA Times)

A Good IPO is a Fast IPO. (Deal Journal)

Jon Stewart: On the bailout (hulu)

About-face: Facebook lost 75% of its value? (NY Post)