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Old 05-17-2013, 03:45 PM   #1
PornHustler
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Banks to porn stars: Your money's not welcome

http://www.nbcnews.com/business/bank...come-1C9967366
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Old 05-17-2013, 03:49 PM   #2
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http://www.policymic.com/articles/10...cording-to-fbi

"FBI: Drug Cartels Use Bank of America to Launder Money"

i could go on with links.. but i think we all get the idea
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Old 05-17-2013, 03:54 PM   #3
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Banks are the biggest crooks of all yet they want to punish legal sex workers? I thought those days were over.
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Old 05-17-2013, 09:28 PM   #4
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What a bloody joke
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Old 05-17-2013, 09:57 PM   #5
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Fucking classic:

Quote:
The issue seems to be reaching a boiling point, though. Earlier this week, Marc Greenberg, founder of the soft porn studio MRG Entertainment, filed suit against JPMorgan Chase in Los Angeles Superior Court, alleging the bank violated fair lending laws and its own policy for refusing to underwrite a loan for "moral reasons".
Moral reasons? Yeah, banker guy, you got us there....
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Old 05-17-2013, 10:00 PM   #6
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Banks have a lot of nerve trying to stand on some kind of moral high ground, considering all of the scummy shit they're responsible for collectively.
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Old 05-17-2013, 10:03 PM   #7
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Fucking classic:



Moral reasons?


Joke of the year
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Old 05-17-2013, 10:22 PM   #8
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Marc Greenberg
Is clearly batting for the wrong team.
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Old 05-17-2013, 10:31 PM   #9
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hy po cr isy
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Old 05-17-2013, 10:37 PM   #10
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Stupid senseless and hypocrite morality.
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Old 05-17-2013, 10:37 PM   #11
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Sadly this has been how they have treated the adult industry for years. If you are willing to keep your mouth shut and use a non porn sounding name they will play ball but if you dare let it be known who you are, that's it. Your account is closed without a second thought.

They have no problem hooking up drug dealers but porn people? Never!
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Old 05-18-2013, 05:19 AM   #12
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Originally Posted by PornHustler View Post
called the 'moral hazard'... example my business ins was about $1200 a year, my was dropped when I admitted I had an adult business.. I did this because I was told the policy would be dropped if I had a claim and the ins company found out I was in adult... the ins company would simply return my latest premium and say 'gee too bad... we don't handle adult'... I am now with an 'adult friend' ins company... the premium is now well over 6K a year
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Old 05-18-2013, 05:37 AM   #13
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called the 'moral hazard'... example my business ins was about $1200 a year, my was dropped when I admitted I had an adult business.. I did this because I was told the policy would be dropped if I had a claim and the ins company found out I was in adult... the ins company would simply return my latest premium and say 'gee too bad... we don't handle adult'... I am now with an 'adult friend' ins company... the premium is now well over 6K a year
so much for friends
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Old 05-18-2013, 05:39 AM   #14
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dirty money
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Old 05-18-2013, 05:42 AM   #15
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Moral reasons?

What about giving mortgage to any monkeys and then ask for bailout? Banks are funny sometime...
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Old 05-18-2013, 06:13 AM   #16
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Don't forget guys, just because some idiot wrote an article on the "official stance" of these banks, if jonny porn star shows up wanting to deposit a million or two they are gonna accept it......
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Old 05-18-2013, 06:19 AM   #17
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gfy sheep are so gullible
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Old 05-18-2013, 06:22 AM   #18
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Don't forget guys, just because some idiot wrote an article on the "official stance" of these banks, if jonny porn star shows up wanting to deposit a million or two they are gonna accept it......
I hate and despise banks as much as anyone...but after reading the article I came away skeptical of the facts.

We've always been very open and blatant about the nature of our company with our bank...and have never had a single problem dealing with them.

Granted - that's our anecdotal experience over the years. But I'm skeptical that a bank would not do business with porn people based on moral judgments. Business is business...why should the bank give a rat's ass about the money source as long as its legal.
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Old 05-18-2013, 06:23 AM   #19
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haha hilarious
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Old 05-18-2013, 09:26 AM   #20
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...why should the bank give a rat's ass about the money source as long as its legal.
Because churchs have big accounts there and may change bank if learning from the press their bank is the porn bank.
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Old 05-18-2013, 09:55 AM   #21
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My bankers are all women and know what I do. They think it's funny.
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Old 05-18-2013, 10:11 AM   #22
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at the end of the day, its pure business, they dont want it, some other bank will surely allow it.
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Old 05-18-2013, 10:42 AM   #23
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I hate and despise banks as much as anyone...but after reading the article I came away skeptical of the facts.

We've always been very open and blatant about the nature of our company with our bank...and have never had a single problem dealing with them.

Granted - that's our anecdotal experience over the years. But I'm skeptical that a bank would not do business with porn people based on moral judgments. Business is business...why should the bank give a rat's ass about the money source as long as its legal.
you're Canadian, Canada doesn't have the hangups the US has about sex, doesn't have anything close to the Religious Right as a political force.

I know for a fact they do it - because I got Woj's bank account shut down. I paid woj for a programming job through Paypal using an address that is affiliated with my adult business. Not long after I paid him he got a letter from his bank they were closing his account.
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Old 05-18-2013, 10:44 AM   #24
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you're Canadian, Canada doesn't have the hangups the US has about sex, doesn't have anything close to the Religious Right as a political force.
I'm in the USA, but I think my bank doesn't care since they don't allow people talking about religion or politics..
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Old 05-18-2013, 10:49 AM   #25
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bitcoin propaganda :p
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Old 05-18-2013, 11:34 AM   #26
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I was kicked from bank boston for porn
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Old 05-18-2013, 11:53 AM   #27
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Something similar happened to me... a bank that I'd been with for 20 years terminated my account. I could never get a straight answer as to why--just that it was a "compliance issue". The whole experience was Kafkaesque.
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Old 05-18-2013, 12:06 PM   #28
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ah the banking establishments ivory tower...what a laugh...
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Old 05-18-2013, 06:24 PM   #29
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Ah and by the way who thinks The Netherlands it is so better than USA when it comes to banks toleratingt sex business, this is a false legend. The ING Bank used to process for lots of cam sites including livejasmin and ours (and lots of scat and bestiality sites until it was legal in NL, honestly... but this was made illegal in NL too later), then few years ago they said porn is bad and we had to move account to ABN Amro bank. There was even a lawsuit against ING for discrimination but nothing, we all had to switch bank.
Don't understimate the churchs power, even in Amsterdam.
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Old 05-18-2013, 06:38 PM   #30
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must be fake.
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Old 05-18-2013, 08:36 PM   #31
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Don't forget guys, just because some idiot wrote an article on the "official stance" of these banks, if jonny porn star shows up wanting to deposit a million or two they are gonna accept it......
NOPE... Do a search on Bank of america around 2003-2006 ish they shut people accounts down with hundreds of thousands in them... Yes all money was given to them, but yeah... Stupid
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