TARP Inspector General: Obama has nationalized the housing market and is re-inflating the housing bubble

He said it, not me:

To the extent that the crisis was fueled by a “bubble” in the housing market, the Federal Government’s concerted efforts to support home prices risk re-inflating that bubble in light of the Government’s effective takeover of the housing market through purchases and guarantees, either direct or implicit, of nearly all of the residential mortgage market.

HT: Calculated Risk