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Here’s my Top 10 links from around the Internet at 10am. I welcome your additions and comments in the comments below. Please send any suggestions for tomorrow’s Top 10 at 10 to bernard.hickey@interest.co.nz We don’t use dead or live squirrels to help us drink coffee.

1. Lloyds Banking Group, which controls Bank of Scotland International, is set to post 13 billion pounds of losses on commercial property, business loans and housing loans, The Times reported.

First-half results due to be posted in three weeks will show that its losses are accelerating, in spite of recent suggestions that the worst of the recession is over.

UBS analysts expect Lloyds to announce a bottom line half-year loss of £6.3 billion as a result of the soaring provisions.

The writeoffs for the first six months of the year would match the losses recorded by Lloyds TSB and HBOS in 2008, as they consummated their disastrous merger. The expected bad debt charge is almost twice what Lloyds paid for HBOS when they came together under the government’s watch last autumn. Total writeoffs for this year at Lloyds could exceed £20 billion.

2. This video after the jump from the American News Project on the drive to audit the Fed is well worth watching. HT Tyler Durden at Zero Hedge

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