Paulson Approves Bailout for Adult Entertainment Industry

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Treasury Secretary to Become ‘Talent Coordinator’ for Larry Flynt Productions

Saying he’s “dying to find out how many of the things taxpayers have been suggesting Administration officials do are actually physically possible,” Treasury Secretary Henry Paulson today announced his approval for the bailout package requested by Hustler Magazine publisher Larry Flynt and ‘Girls Gone Wild’ producer Joe Francis. He also added that his decision has nothing to do with what he described as “a long-standing offer” to become a ‘Talent Coordinator’ for Larry Flynt Productions’ ‘LFP Video’ movie company upon the swearing in of Timothy Geithner, his nominated successor for the top position at the Treasury Department.

The total of what industry analysts describe as ‘an unprecedented package’ has yet to be determined. The amount requested by Flynt and Francis is $5 billion, representing the decrease in the industry’s annual revenue over the past three years, but a somewhat cryptic Paulson explained, “Five is a number nobody would even mention publicly where I grew up. Generally you start with six, and work your way up from there until you get the desired results. Of course, sometimes five might be more than enough - what’s important is maximum utilization - in layman’s terms ‘how you use it’. If I had to commit to a number today, I’d have to say 6 to 6½, with the possibility that it might grow to 8 depending on such factors as performance in the near term, and the viability of sustaining growth over the long term.”

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