Porn Industry asks for TART Money
Look who’s asking for $5 million of TARP Money:
Is the porn industry up next for a bailout? If porn titans Joe Francis and Larry Flynt have anything to do with it, it will.
Yes, ladies and gentleman, the titans of pornography are begging for a bailout. Joe Francis, creator of the “Girl’s Gone Wild” video series, and Larry Flynt, founder of Hustler, will ask Congress for a $5 billion bailout, according to TMZ.
Why does the porn industry need a bailout? Because apparently even porn is getting smacked by the recession.
According to TMZ website, Adult DVDs (and by Adult, we mean XXX) sales are, well flaccid. DVD sales are off 22%.
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Source:
Porn kings Larry Flint and Joe Francis go begging for a bailout
CATEY HILL
DAILY NEWS January 7th 2009, 11:51 AM
http://www.nydailynews.com/money/2009/01/07/2009-01-07_porn_kings_larry_flint_and_joe_francis_g.html
January 7th, 2009 at 4:33 pm
Must … not … make … “too big to fail” joke… must… not…
January 7th, 2009 at 4:36 pm
You can count on Larry Flynt to make a political statement disguised as self-serving foolishness — that’s sort of the point.
January 7th, 2009 at 4:44 pm
Bailout won’t help – time for a new business model. Xtube, YouPorn, et al, have ended the porn purveyors’ monopoly!
January 7th, 2009 at 4:45 pm
I hope Hank Paulson doesn’t boob again on this one , especially after all the previous cock-ups.
Barry, you have come up with some hilarious stuff lately.
I hope you gave Lawrence Yun of NAR the business. Top economic forecaster, my arse!
January 7th, 2009 at 4:55 pm
What do you expect Barry? – we are in a BARE market… nyuk nyuk
Predictable pullback today in the bear market rally.
I was net short overnight and sold my FAZ at the close. I reloaded with some favorites; COP VLO GDX SLW and AA. Holding some QID overnight, but expecting a rally off 905 tomorrow – or at worst a revisit to 890.
January 7th, 2009 at 5:39 pm
@leftback, sounds like you are playing it well. I was expecting a reversal around 890 in the morning.
January 7th, 2009 at 5:42 pm
Why shouldn’t they ask? The government has opened up our piggy bank to all these clowns. This is all going to end terribly bad!
January 7th, 2009 at 5:43 pm
I think that they should just become a bank holding company.
They could give out something much more interesting than toasters to new account holders.
January 7th, 2009 at 5:44 pm
Another low volume day…30th straight for QQQQ. 10 day put/call picked up a bit and is just now getting back to previous 52 week low. This is a perfect short opportunity. I said two weeks ago we would get major earnings warnings after the New Year and we got the white whale…Intel.
January 7th, 2009 at 5:44 pm
Hey, if commercial RE get bailouts to support their erections, why not the porn industry as well?
January 7th, 2009 at 5:46 pm
Are these leading or lagging indicators?
It makes some sense that fewer girls are going wild — Daddy’s Visa is running on empty so goodbye Lauderdale at Spring Break, which means fewer drunk girls for Joe Francis to capitalize on.
This is somewhat offset (as earlier pointed out) in that Daddy himself is spending less on porn thanks to YouPorn.
As kooky and kinky as it sounds at first, there’s no reason to leave something as fundamental as the skin trade out of the economic calculus. Hell, Sir Charles got busted last week while lookin’ for a beej — and he’s loaded. That must mean something, though I’m not at all sure what it is.
January 7th, 2009 at 5:47 pm
Anecdotally, Billionaires are offing themselves and India now has an Enron type scandal in Satyam…short these bastards.
January 7th, 2009 at 5:49 pm
They need to figure out a way to make the case for a systemic failure if they don’t get the money.
How a series of economic dominos will fall.
And we must ask ourselves, who is more deserving of a bailout, Rick Wagoner or Larry Flynt?
January 7th, 2009 at 5:51 pm
Money more thoughtfully and better spent. What about TARP funds for the pot growers?
January 7th, 2009 at 5:55 pm
What this market needs is discipline. Get down on your knees.
And yes, Paulson needs an enema too.
January 7th, 2009 at 6:14 pm
A Hummer in every garage says Flynt!
January 7th, 2009 at 6:14 pm
Transor Z….LOL! !
January 7th, 2009 at 6:25 pm
Why do you think I am a concerned american? LOL
January 7th, 2009 at 6:34 pm
You remember that hologram they had on CNN on election night?
Well it’s coming to playrooms around the world in a slightly uh.. different… incarnation…
and it ain’t gonna be that long.
Viva la internet
January 7th, 2009 at 6:46 pm
Do you think Hank and Ben will lend a hand?
January 7th, 2009 at 6:49 pm
Fair is fair. We’re already giving money away to boobs…
January 7th, 2009 at 6:57 pm
I can’t wait to see the Congressional hearing on CSPAN!
January 7th, 2009 at 8:12 pm
Methinks (hopes?) this is a joke.
January 7th, 2009 at 10:07 pm
I’m sure they’ll get it in the end.
January 7th, 2009 at 10:39 pm
Why do I need to buy porn when I’m getting a good hard daily f*cking by the government as they hand out my future earnings to dead companies and outright crooks? That is the reason nobody is buying porn…
January 7th, 2009 at 10:40 pm
PS: I’m amazed nobody made a “stimulus plan” comment, particularly as that is the title of the article two posts before this one
January 7th, 2009 at 10:54 pm
funny, I read all the comments and not a single person seems pissed about this. I am. It’s total BS but I suppose I could just make a joke about it and move on.
January 7th, 2009 at 11:03 pm
Troubled
Waggling
Asset
Trust?
January 7th, 2009 at 11:06 pm
TART = Troubled Ass Relief Trick?
I could use one of those, at the very least, one, for my sorry ass, but then I think we’ve all have already been tricked first time around by TARP.
January 7th, 2009 at 11:10 pm
Oops, seems carries, and I’ve caught, the comma STD, Socially Transmitted Dyspunctuation(?), from MEH, eh?
January 7th, 2009 at 11:11 pm
oops, missing the TBP…
Oops, seems TBP carries, and I’ve caught, the comma STD, Socially Transmitted Dyspunctuation(?), from MEH, eh?
January 7th, 2009 at 11:23 pm
At least they produce something to keep all the unemployed busy. Probably a good investment in social stability.
January 8th, 2009 at 6:01 am
batmando, that’s funny, though, better pixels than warts, no? ; )
January 8th, 2009 at 8:38 am
Speaking economically, there are few barriers to entry in this industry. Participants can enter and exit at will. Product differentiation is infinite. The industry has a broad diversity of niche markets, both heterogeneous and homogeneous. On one hand, the industry might use self reliance to relieve it’s problems. But this is the low cost option. The demand curve for goods and services appears to be shifting down and to the right but the industry is broad and deep, with the potential to scream and gush if properly stimulated.
I don’t think $5,000,000 is enough give this market a good rise.
January 8th, 2009 at 1:33 pm
I read somewhere the porn industry was bigger than all professional sports combined. I just hope, once they get the money, it doesn’t get snatched away…
January 9th, 2009 at 10:20 pm
Everybody’s a fucking comedian………..