Irony: Porn companies have a hard time getting bank accounts

Like it or not, the porn industry is thriving. And no, I’m not a customer, but there’s obviously a supply and demand thing going on somewhere. I find it ironic that the very banks who screw people won’t let the companies who film people who screw for a living open accounts.

Check it out on nbcnews.com. A few selected quotes:

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”. […]

Greenberg’s attorneys claim they were told by the vice president that the application was denied because of the potential “reputational risk” to the firm.

Really, no bank these days should worry about “reputational risk”. At least the pron industry is honest about what it does, what it represents, and its product. The banking industry, well, I don’t even want to get into that, no pun intended. It reminds me of the old joke that has this punchline: “We’ve established what you are. Now we’re negotiating price.”

Seriously, banking industry, unless you advertise that a porn company banks with you, how am I going to know? I don’t even care, frankly. I’d be more worried about your own employees and policies looking bad or adding to the moral decay of society, especially the upper management who decided that 0.01% is an appropriate interest rate for a savings account. Refusing to do business with companies in the porn industry just makes you look even more juvenile and stupid.