No, what makes us uncomfortable is having to come back and maintain the code written by some of these boot camp graduates after the fact.
When given the choice between diploma mill graduates and Google Developer Bootcamp graduates, I will choose the latter. And you will too.
Bare-minimum spaghetti code from passionless software developers is going to be mass produced and it will continue to be mass produced.
Honestly, I think we should look at this from a pair-programming perspective -- but on a massive scale. It is more beneficial to partner with existing educational institutions and make an on-going, consistent, and strong effort to create a robust pipeline from school to the industry.