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peHUB Second Opinion 3.6.09

Jon Stewart Still Slamming CNBC: This time he has just one joke. He said to Letterman: “There are three 24-hour financial networks. All their slogans are like, ‘We know what’s going on on Wall Street.’ But then you turn it on during the crisis, and they’re like, ‘We don’t know what’s going on.’ It’d be like turning on The Weather Channel during a hurricane and they’re just doing this: ‘Why am I wet?! What’s happening to me? And it’s windy!” What’s going on? I’m scared!’ How do you not know?” (Gawker)

Want More? In other CNBC Vs. Stewart Cattiness, Dealbreaker has CNBC’s hilariously immature unofficial response. (Even better, I’m pretty sure the headline is a Mean Girls reference.) (Dealbreaker)

The Future of PE LPA Agreements? Pension funds are fighting for hedgies to lower their fees. Methinks PE will be next in their path, if it’s not already happening. (WSJ)

Get Jobs As Bankruptcy Lawyers: Corporate bankruptcies jumped 54% in 2008. (Reuters)

Or Apply Here: One firm that’s looking to add 100 fixed income employees. (Dealbook)

But Fortunately: DIP loans are available, including “Quick-sale DIPs.” Just don’t expect excellent terms. (Dealscape)

Fallen Idol: “For a long while, Harvard’s daring investment style was the envy of the endowment world. … The strategy, “drained liquidity” from the endowment in recent months.” (Financial Post)

For All You Retail Buyout Guys: Get ready to send your retail investments to retail heaven. (Infectious Greed)