Money Honey

This is one of those stories that is hilarious, in a projectile-vomit sort of way.

Apparently the nation’s banks have decided they are “too moral” to handle money earned by people involved in the adult entertainment business.

Chanel Preston knows not everyone approves of her chosen profession. That’s one of the risks that go with being one of the biggest stars in porn. But she love moneynever thought it would affect her ability to open a bank account.

Preston recently opened a business account with City National Bank in Los Angeles. When she went to deposit checks into the account days later, however, she was told it had been shut down, due to “compliance issues.”

She found the manager she had originally worked with and asked what had happened. The bank, she was told, was worried about the Webcam shows she had on her site and had revoked the account . . . .

Preston noted she [also] has been denied a loan because of her profession[.]

“[The loan officer] asked me ‘are you affiliated with the adult entertainment industry?’ When I said yes, she said ‘We will not give you a loan,'” she said.

At least one adult-entertainment figure has had enough of this bollocks, and is taking to the courts.

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 says he was approached by a representative of the bank about refinancing an existing loan. But once he started the process, he says he saw repeated delays for four months. That’s when he said he reached out to mr. potter says noa JPMorgan vice president for an explanation.

The vice president “was evasive in his response to plaintiff’s application status requests and finally informed plaintiff during a telephone conversation that plaintiff’s loan application was refused due to ‘moral reasons,’ because of JPMorgan’s disapproval of plaintiff’s former source of income and occupation as an owner of a television production company that produced television programs that dealt with the subject of human sexuality,” the complaint reads.

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.

Curiously, JPMorgan Chase, back when it was known simply as Chase, perceived no “moral reasons” or “reputational risk” that might prevent it from fondling money employed in Nazi Germany to kill and rob Jews.

Between 1936 and 1941, Chase and other US banks helped the Germans raise over $20 million in dollar exchange, netting over $1.2 million in commission—of which Chase pocketed a cool $500,000. That was a lot of money at the time. The fact that the German marks used to fund the operation came from Jews who had fled Nazi Germany didn’t seem to bother Chase—in fact they upped their business after Kristallnacht (the night Jews throughout Nazi Germany and Austria were systematically attacked by mobs in 1938). Chase also froze the accounts of French Jews in occupied France before the Nazis had even gotten around to asking them to.

Indeed, I have never heard of a bank that has declined to grub the money of the serial killers, in all their forms. No bank, noto my knowledge, has ever qualmed at thrusting its mitts elbow-deep into the wheelbarrows of blood money rolled in by those in the death industry.

If banks had “moral concerns” about people being killed, the death industry, worldwide, would grind to a halt. But there are no such “moral concerns.” Banks, “in so far in blood,” grow fat, off the death and suffering of human beings, and other living things.

There is a reason for this. “Money is death,” wrote Lew Welch. “Ask yourself why banks and currency use the same images as tombstones.”

Money is of Thanatos. So, then, naturally, are banks. Adult entertainers, they are of Eros. Small wonder then, that bank officers look upon these people as vampires look upon sunlight, garlic, or the cross. Anathema.

This same sort of sickness infects much of the culture.

For instance, if one makes a film in which people too graphically love one another, the moral mavens will slap an NC-17 or X rating upon it. For perish that youth, might set their eyes upon it.

Yet there exists an entire sub-genre of films in which humans are serially and horrifically mutilated and killed. And these movies come off the assembly-line blithely bearing a rating of R.

It is no coincidence that these repugnant, repulsive odes to Thanatos invariably follow the template set in the rough beast from which this sub-genre was born, Halloween. In that 1978 film, three young women, while out in various houses babysitting, are pressured by their male swains to engage in sexual congress. Two of the young women agree. These women are viciously and violently murdered. The third young woman abstains. She lives. The message is oopsclear. And it remains there on the screen, week after week, 35 years later. Fucking will kill you. And you’ll deserve it.

Fortunately, this is all “last throes” behavior.

Thanatos has never won out on this planet, and it’s not going to win out now.

The money manifestation of Thanatos, for instance, is about ready to go. Money has only been around since 7000 BCE; its 9000-year-run is but a blip in the 200,000-year history of human beings. A sort of extended tulip mania. That’s all.

The universe doesn’t want Thanatos as boss. And Terra is part of the universe. We know that the universe doesn’t want Thanatos as boss, that Thanatos will never win out, because some 95% of the universe is dark matter, dark energy. Which is Desire. Eros.

So let the banks shriek and poke their eyes out when adult entertainers come calling with jars of pennies. While meanwhile sending out the back doors a ceaseless stream of armored cars bearing bundles of greenbacks for Nazis.

They’re over.

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2 Responses to “Money Honey”


  1. 1 nancy a May 25, 2013 at 8:25 am

    Miz Chanel is certainly the least of the concerns here..

    Thanks for high-lighting again this sordid history — IBM Ford Coca-Cola/Fanta more…

    Here’s a related clip from one of my favorite documentaries

    Bring on “the last throes” already…


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