Links: 2009-07-18

Just my kind of article. Hat tip Marshall Auerback.

No Tracy McGrady or Ron Artest either

The Fed is in deep trouble from the financial crisis. Hat tip Scott.

Bernie Madoff is not off to Sing Sing. Here are the easiest places to do time.

2nd time for Tiger. Watson is now 59.

Yahoo’s search business is what Microsoft wants.

"Bomb explosions at two hotels in Jakarta’s business district left at least nine dead and some 42 injured, Indonesian police said."

Good for Google, but not reflective of a healthy economy.

Can’t the SEC go after real criminals? Ridiculous

Citi is not doing well domestically. It is doing well in Asia, though.

A must read on the financialization of America.

This includes an extraordinary gain of $11bn. Not so good.

Not bad. But not a blowout quarter.

Is the IMF going to give the funds?

"The Department of Justice this week confirmed that it had started an investigation into pricing practices in the credit derivatives markets. It has demanded extensive data from Markit and the dozen-odd banks that own it, a request with which Markit is complying – out of swanky offices in London and New York."

Worse than expected losses and major job cuts.

Dimon doesn’t like the new credit card rules

Distraction of the Day: Walter Cronkite dead at 92.  R.I.P.