Weekly round-up of business and idiocy news

• Citi – which loaned billions on crap mortgages – terminates account of gay social networking site because of "objectionable content”: And then changed its mind when the feces hit. “This situation had nothing to do with the content of his web site and any comments by our staff to the contrary were incorrect; we are reviewing what happened.” (BusinessInsider)
• Ad banned because of Miss Piggy’s cleavage: COLORADO SPRINGS, Colo. — Puppet cleavage has been ruled out for advertising posters in Colorado Springs bus shelters. Lamar Advertising rejected posters for a touring production of the Broadway show "Avenue Q" because they show the cleavage of a fuzzy pink puppet. (WaPo)
• Wingnuts see Obama/Islam overtone in new Federal agency logo: “The conservative blogosphere is abuzz about the new logo of the US Missile Defense Agency, which they say looks suspiciously similar to both the Obama campaign logo and the crescent moon typically seen on Islamic flags.”(RawStory)
• Brazil government says Paris Hilton ad demeans women: Brazil’s Secretariat for Women’s Affairs wants a beer commercial starring the hotel heiress, model and actor off the air. Brazil’s regulations say beer commercials cannot treat women as overtly sensual objects. "It’s an ad that devalues women — in particular, blond women," according to a spokeswoman for the Women’s Secretariat who said it received numerous complaints. (AP) (How much did Paris pay to have someone get her back into the news?)
• Apple bans & then brings back some boob apps:  Wobble’s developer Jon Atherton has been restored to the App Store after complaining about being booted from it. “This time, there’s no suggestive images or language in the app’s marketing materials. But you can still make boobs wobble — the app’s original point — if you bring your own artwork. Wobble simply had to remove illustrations featuring a silhouette of a naked woman from its app.” (BusinessInsider)
• Man sues Royals after team mascot hits him with a hot dog: (This is my favorite lede of the week) “If there’s anything more American than shooting and throwing encased meats into a throng of loud and hungry people, it’s silly-sounding lawsuits that make for good headlines on Internet websites.” (YahooSports)

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Even with funny money banks refuse to take California IOUs

The name of Disney’s California Adventure park seems to have taken on ironic overtones of late. The WSJ reports:

A group of the biggest U.S. banks said they would stop accepting California’s IOUs on Friday … if California continues to issue the IOUs, creditors will be forced to hold on to them until they mature on Oct. 2, or find other banks to honor them. … The group of banks included Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and J.P. Morgan Chase & Co., among others.

(Hat tip to the fine blog CalculatedRisk)

C’mon guys! It’s not like you’d be putting up your own cash. BofA, Citi and Wells Fargo have received $65 billion in fed funds. (JPMorgan has already paid back it’s $25B. It was either that or cut its CEO’s pay.)

You know things are bad when the banks won’t use their free money to buy something.

Here’s a fund raising idea: Maybe California should hold the mother of all Michael Jackson memorials and charge admission?