Daily Links: Inaugural Pre-Christmas Edition!

Reading that will scare the crap out of you about our economy:

• How India avoided the financial crisis.
• $1.6 billion of TARP money went to pay bonuses to the people who are raping the economy.
• Mary Schapiro, Obama's new SEC Cheif gave Madoff's son a job...
• ...oh, and his niece too.  (Can we replace Schapiro already?  It's clear this was a whiff by Obama.)
• An oil company, Flying J, files for bankruptcy.  (How does that happen?  Seriously, how do you go out of business as an oil company these days?)
• Toyota's first loss ever.  Welcome to the club, Toyota-san!  Can we begin the inevitable decline from industry leader to has been now?
• As an example, please see:  Credit Suisse calls B.S. on G.M. -- $1 price target for shares. Although, given the track records of analysts, it probably means you should buy the hell out of the stock.