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On our next episode of The Bottom Line, Jessica English interviews a friend of the Coffee Party family, Bill Moyer, artist, activist, and visionary behind the Backbone Campaign.
The Backbone Campaign and the Coffee Party have worked together on our 2010 convention, our 2010 participation in the Rally to Restore Sanity, our 2011 For the People Summit, our 2011 Citizens Intervention rally, and the 2012 Occupy the Courts event. But today, Bill is in the news for his work in his own backyard in Vashon Island, Washington.
Kim Murphy of the Los Angeles Times reports.
Harmon and Moyer were talking one day in 2009 about how to create a coal-free zone on the island. They needed to help people weatherize their homes, but none of the three Wall Street banks on the island wanted to make those kinds of loans except as home equity loans.
"We need a credit union," Harmon said.
A community survey showed widespread enthusiasm, but then the four-member steering committee began crunching numbers. It needed at least $1 million up front to insure the deposits and guarantee the first two years of expenses.
"We got to this crossroads where we either needed an angel or a partner. And as organizers, we were not interested in creating models where you need an angel, or are only successful in highly privileged communities," Moyer said.
Join Jessica English on Coffee Party Radio from 5 PM to 7:30 PM eastern time each Sunday.
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It's good to talk.