Can you reassure me about the worst horror I've seen? That is: a listed-and-enforced ban on obscenities in passwords. Is there any world in which that company

Can you reassure me about the worst horror I've seen? That is: a listed-and-enforced ban on obscenities in passwords. Is there any world in which that company isn't butchering their security in some serious way? (It's Time Warner, so not a small-time deal here).