$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, 'Oracle of Wall Street' says

Meredith Whitney, once known as the "Oracle of Wall Street," proposes a reform in the U.S. mortgage market that could inject $3 trillion into the economy without federal spending. By allowing Freddie Mac to enter the secondary mortgage market for home equity loans, significant funds could be freed up for consumer spending, potentially starting this summer. This move could stimulate the economy, particularly benefiting older Americans facing inflation pressures, without increasing government debt.