Doug thinks so, but I'm not so sure. First of all, we're not talking about a huge amount of money. There is some limit where a credit union would lose its effectiveness; but there *are* "large" credit unions, and they don't seem to be part of the problem.
> They'll put the influx into Ginnie and Fannie.
And that's bad exactly how?
Joe Nocera has a good op-ed today:
http://www.nytimes.com/2011/12/20/opinion/nocera-an-inconvenient-truth.html
An Inconvenient Truth By JOE NOCERA
[...]
Fannie and Freddie could have led a housing recovery - if they hadn't become crippled wards of the state instead.
Yet these real sins have been largely overlooked in favor of imagined ones.
[...]
Over at the conservative American Enterprise Institute, two resident scholars, Peter Wallison and Edward Pinto, have concocted what has since become a Republican meme: namely, that Fannie Mae and Freddie Mac were ground zero for the entire crisis, leading the private sector off the cliff with their affordable housing mandates and massive subprime holdings.
[...]
The truth is the opposite ...
[...]