Porn bailout: Debbie does Washington?

| 9 January 2009 12:21

I guess it’s not just another stunt by Larry Flynt.  The porn industry is hurting as the downturn bites.  Sales are down 20%. And the annual Porn convention, the AVN Adult Entertainment Expo, going on now in guess which city has seen a sharp fall in traffic.  Apparently, the porn industry is not recession-proof.

So, pornographers are now asking for a bailout too. They figure: “hey, if bankrupt automakers can get their hands on some TARP funds, why can’t the Porn industry too?”  Take a look at the video from CNBC.

porn-bailout

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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