Banks Taking The Moral High Ground?!

JP Morgan Chase has closed the accounts of porn actors, sending them letters to inform them of the action, but giving no reason for it. Laughable considering banking actions and practices of the last few years have been much more obscene than anything in a porno movie. They can find and close a few individual accounts connected to the porn industry quick enough, but millions in drug money is still getting laundered somewhere without much trouble, interesting.

Update: A further story here maintains two new points 1) Spouses with separate accounts are also targeted, and 2) the government may be behind the move.
     Posted By: patty - Sun Apr 27, 2014
     Category: Can’t Possibly Be True





Comments
Maybe I'm not reading this right (it's still BC here) but why are you upset that Chase has closed some porn accounts? BD, for sure! but you?
Posted by Expat47 in Athens, Greece on 04/27/14 at 11:45 PM
I am not upset, I just find it to be ludicrous that they have chosen to judge those people as undesirable to be customers because of how the people make their living. A moral judgement on a legal activity, so if they don't agree with how someone earns their living the person's accounts get closed without cause. Not a great road to start on. Not all illegal activities are successfully eradicated from the banking system but lets start on legal ones we disagree with. Ridiculous.
Posted by Patty in Ohio, USA on 04/28/14 at 12:18 AM
Banks could never claim the moral high ground. They've sunk so far that they can't even see the moral marshlands from where they are.
Posted by Sebastian on 04/28/14 at 12:44 AM
Excellent post Patty.
Posted by F.U.D. on 04/28/14 at 07:14 AM
Bank directors are some of the worst moral scum in the Western world. And Pierpont Morgan Chase are some of the worst scum among the worst scum. Never mind suspending bank accounts, suspend them. Hanging's too good for them - impound every last penny they have, brand them on their foreheads and cheeks, and then make them live on the streets.
Posted by Richard Bos on 04/29/14 at 08:57 AM
Go ahead, Richard, quit holding back and let'er rip!
Posted by Expat47 in Athens, Greece on 04/29/14 at 09:38 AM
Yeah, tell us what you really think sweetie. 😉
Posted by Patty in Ohio, USA on 04/29/14 at 09:42 AM
Presented without comment:

http://dollarvigilante.com/blog/2014/4/29/department-of-injustice-goes-after-guns-capital-controls.html
Posted by Mr Evilwrench on 04/29/14 at 10:01 PM
We just paid off several credit accounts including Chase and BOA. My nice Jewish mensch of a father-in-law gave us(my wife) six figures ahead of his death to take care of things. (He also gave money to his other two sons a while back).

He figures it's better now instead of waiting when he has less control over his money being dead.

Anyone have an idea on how to spend 30K+ in card reward points ? We don't want to travel.
Posted by BrokeDad in Midwest US on 04/29/14 at 10:23 PM
There's a poor boy in Greece that is in need of a life saving new scooter. That 30K will cover all his expenses and have a bit left over for gas.
Posted by Expat47 in Athens, Greece on 04/30/14 at 12:19 AM
Wow, Mr.Evilwrench, that is chilling. Hopefully congress will get off their dead asses and do more than write letters about this.
Posted by Patty in Ohio, USA on 04/30/14 at 08:35 AM
"A moral judgement on a legal activity" - Somehow my mind jumped to the punishment slapped on Donald Silver - lifetime ban, $2.5M fine, and an attempt to force him out of his 30 year business, all for the utterance in private of a couple minutes of Constitutionally-protected hate speech that was secretly recorded.
Posted by RobK on 04/30/14 at 11:14 AM
I agree 100% Rob!
Posted by Expat47 in Athens, Greece on 04/30/14 at 11:59 AM
BrokeDad - you can always donate reward points to Make A Wish - help a child with cancer travel.
Posted by Sandra on 05/02/14 at 03:19 PM
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