[lbo-talk] Student protests in the U.S. starting to escalate

[Fernando Cassia]

On Thu, Mar 4, 2010 at 2:06 PM, Julio Huato <juliohuato at gmail.com> wrote:
> Arianna Huffington, on her web site (the Huffington Post) has been
> coming up with various initiatives to kick off grassroots movements.
> One prompts people to boycott the big banks and switch their accounts
> to credit unions, etc.  Doug Henwood criticized this one.  While I
> agree in principle with the limitations of such a movement as argued
> by Doug,

"The average college student is carrying more than $3000 in credit
card debt on at least four credit cards"

http://credit.about.com/b/2009/04/27/despite-the-credit-crunch-student-credit-card-debt-is-overwhelming.htm

Sounds more like a problem for credit unions to me...

FC

FC