Amsterdam considering bank help for prostitutes

News Type: Event — Seeded on Mon Jul 6, 2009 10:39 PM EDT

Article Source: Reuters

world-news, finance, banking, netherlands, prostitution, industrial-relations, local-government, nl-news

Amsterdam city council is turning its attention to a pressing problem for one of the city's key business sectors -- banking and credit for prostitutes who can't get accounts from mainstream institutions.

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Red Wolf's Column, All of Newsvine
Groups: Eurovine, Whoreticulture, Worldviews, WTF?
Regions: Amsterdam

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{"commentId":8067059,"authorDomain":"redwolf"}

Red Wolf

The city's red light district is famed the world over for its women in tiny windows and even tinier clothing, but despite the trade being legal, many banks shy away from taking the ladies on as customers.

As part of the city's "Project 1012" to remake the De Wallen neighborhood, which includes the sex district, the city council has been asked to find a way to help bordello owners and sex workers gain more access to banks.

"Up until now, it's been very difficult for people in the sex industry to get credit with the banks," a city council spokesman said on Friday.

"For them it is a hazard that they can not get regular credit or help or mortgages or anything from a regular bank."

The council is expected to come to some sort of conclusion within the next two months on what it might do to help the industry.

It will not, however, establish or sponsor a "sex bank" as reported by a local paper.

{"commentId":8067059,"threadId":"620857","contentId":"3003189","authorDomain":"redwolf"}

2 votes

#1 - Mon Jul 6, 2009 10:40 PM EDT

{"commentId":8067450,"authorDomain":"eric24"}

Simplistic Reality

They saying these ladies don't have "established credit"? ;) haha.

{"commentId":8067450,"threadId":"620857","contentId":"3003189","authorDomain":"eric24"}

1 vote

#2 - Mon Jul 6, 2009 11:02 PM EDT

{"commentId":8067719,"authorDomain":"johnniethehat"}

Johnnie The Hat

Any bank that wouldn't take advantage of this obviously competition free market would be foolish. Just think of the market share potential. The fact that a local government has decided to take up the mantle over the private sector is sad.

{"commentId":8067719,"threadId":"620857","contentId":"3003189","authorDomain":"johnniethehat"}

2 votes

#3 - Mon Jul 6, 2009 11:19 PM EDT

{"commentId":8068117,"authorDomain":"lastories"}

Tom Daley

The banks understand good assets they can help in a tight spot.

{"commentId":8068117,"threadId":"620857","contentId":"3003189","authorDomain":"lastories"}

1 vote

#4 - Mon Jul 6, 2009 11:49 PM EDT

{"commentId":8068340,"authorDomain":"eric24"}

Simplistic Reality

lol.

{"commentId":8068340,"threadId":"620857","contentId":"3003189","authorDomain":"eric24"}

#4.1 - Tue Jul 7, 2009 12:08 AM EDT

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RED WOLF

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Amsterdam considering bank help for prostitutes

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