Working Assets Puts Harry Reid on Notice

by: Matt Stoller

Thu Oct 25, 2007 at 20:25


Can I just say how much I love Working Assets?  They are one of those organizations that just puts out consistent amazing work for progressive causes, whether it's funding for nonprofits or action items around core constitutional issues.  Today, Working Assets Wireless sent 16,000 faxes to Harry Reid's office over the amnesty bill.  16,000!  Working Assets Wireless Co-founder Michael Kieschnick and CEO Laura Scher blogged on this today, and both are worth reading.  Here's Scher.

It's been all over the news that in 2007, executives at Verizon and AT&T donated over $42,000 to Senator John D. Rockefeller, IV, chairman of the Senate Intelligence Committee. Prior to 2007, Rockefeller wasn't getting any significant contributions from telecomm executives. But of course, prior to 2007, Rockefeller wasn't pushing his committee to grant retroactive immunity to phone companies that helped the NSA with its secret, warrantless surveillance on America's telephone calls.

There are so many reasons to be enraged by this.

As CEO of Working Assets, the socially responsible mobile and long distance company, I have watched for 15 years while big telecomm "bought" monopoly power from Congress, from the White House and from the FCC. This is how they do business. Instead of building the best phone company, they buy politicians.

Harry Reid has definitely been put on notice.  And Dodd is on Meet the Press this Sunday.  I imagine that the Senate Democrats aren't very happy with Chris Dodd right now.  But then, the American people aren't very happy with the Senate.

I should note that I was a fellow at Working Assets about a year and a half ago, and I learned more from Michael and Becky about progressive politics than I have from any two people I know.

Matt Stoller :: Working Assets Puts Harry Reid on Notice

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Next time... (2.00 / 2)
give us a heads-up so we can buy stock in a toner cartidge company.

Democracy through spam (2.00 / 2)
I hope at least some of the 16,000 were timeshare offers and notices of embezzled Nigerian oil money.

Yes we Kang

Working Assets and BofA (0.00 / 0)
Working Assets does amazing work... I was about to get a Working Assets Credit Card until I realized they use Bank of America as their Bank for it.  Bank of America has been raising ATM fees and charging insane fees that hurt working class people.  They are the 5th most profitable company in the US and they also have been known for using predatory lending practices.  I know several labor organizations have been all over BofA... you think Working Assets would use a better Bank than that.

Working Assets, BofA, Stoller (4.00 / 1)
This is becky from Working Assets. first of all, we're humbled by matt's post. the feeling is certainly mutual.

quickly about BofA. michael has written recently in grist - which i think pretty much captures it:

Unfortunately, we've never come across a credit card provider that is in line with the Working Assets mission and philosophy. There are some individuals who choose to eschew corporate influences and live off the grid. But for the rest of us, we offer credit cards and wireless phone alternatives to help consumers mitigate some of the negative implications of their transactions. We believe that the $50 million we've raised makes it worthwhile to swim in the stream of American commerce, but we have no illusions that it's free of pollution.

the bank that underwrites our credit card doesn't have an affect on our activism. in fact we recently sent a letter to BofA on behalf of our credit card customers protesting the financing of mountain top removal mining. and we fought all the banks bitterly (but sadly lost) on the bankruptcy bill.

if you need to have a credit card - and most people do - consider getting a working assets credit card - if you can forgo it altogether, more power to you.


[ Parent ]
Wow (0.00 / 0)
That was a pretty excellent response. I will not think about that Working Assets credit card again! Thanks Becky!

[ Parent ]
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