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CNBC Says "Mike South - South is the Nikki Finke of the porn industry. His blog, which is never short on opinion, is a must-read among industry insiders. His style is unique, but he is also a leading agent of change within the industry. There are few fence-sitters when it comes to opinions about South, but no one ignores him."

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    • mharris127: Actually I ordered a six foot sub from the local Wal-Mart (yes, they make them in Michigan). I couldn’t care less if you prefer...
    • Sean Tompkins: Matthew Thanks for the advice. I will not be getting any scalpels near my balls anytime soon. I as soon let then fall off from some...
    • mharris127: Sean, in that case I hope if you are arrested they put you in protective custody (with the celebrities and gang leaders) where the five...
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    • Jamie Gardner: A problem with what you are proposing is that anti-piracy organizations would have to give their credit card information to tube...
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    • MikeSouth: Toby I am totally with ya that if they want it they will get it its the unintended consequence of helping copyright holders that I...
    • Toby: Well… it sounds like a logical solution on first review, and it would indeed make it more difficult to access free porn, but if teens...
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    • BT: Put me in the same camp as mharris – I used to buy DVD’s from Adult Empire or rent them from my local video store. Well, the local...

Is The Department of Justice Behind The Chase Account Closures.

In researching these account closures it has become apparent that some Chase customers are unaffected and others have had their accounts closed for no apparent reason, despite Chase saying that all had Terms of Service Violations.

What has come up though is a memo from the Federal Deposit Insurance Corporation that lists Pornography (and many others) as a high risk business for defaults.  While the FDIC doesn’t require banks to close these accounts it is seen by some as a recommendation.

But the most interesting thing to come out of this is a Department of Justice initiative called Operation Choke Point.  Operation Choke point is directly targeting Payday lenders, Check Cashing Operations and Third Party Processors.

The adult industry on the internet is largely dependent on third party processors like CCBill, Paxum, Epoch and Zombaio to do billing for adult sites.  According to the Obama Administration and the Department of justice these ” third-party processors that route payments for merchants through banks are ignoring signs of fraud to rake in fees from transactions.

Chase account closures aside the industry should be keeping a very close eye on this as an attack on third party processors is at the very least an indirect attack on adult.