[lbo-talk] move your money campaign

[shag carpet bomb]

i'd like to know why as well. would their investing the money in fannie and 
ginnie be anathema to the goals of the virginia organizing projects campaign?
At 01:44 PM 12/20/2011, Jordan Hayes wrote:
>>>a flood of new deposits/members would harm [credit unions]
>
>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 ...
>
>[...]
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